What is Team Building and How Can it Benefit Your Business?

Posted by Jake Mandel on Jan, 08, 2021

We all know the key to a successful business is led by the team members it employs. That’s why it’s so important to build a team that is able to cohesively work together to achieve a common goal. 

Easier said than done, right? While building a group of highly-engaged and passionate employees requires a lot of moving parts and investment back into your team, it’s actually a lot simpler than it sounds - and trust us, the ROI is massive.

One of the most important ways to bring your employees together to achieve better results is through team building, but what exactly is team building, how can you encourage team building among your employees and what are the benefits of team building for your business?  Teambonders answers all of your questions in this blog. 

So, what actually is team building?

Team building is the process and methods put in place by your company that transform your employees from a group of individually contributing staff members into a cohesive team that is working towards the overall goals and values of your brand.

Team building should be an ongoing goal that your organization is always striving to achieve and maintain. 

Where do team building events come into it?

There is no one way to improve the working relationships of your employees. Team Building is a collective term for a wide number of activities and methods that your organization can use to enhance employee collaboration and define roles.

Team building could be daily interactions with your employees where you encourage communication, structured activities that promote collaboration on a project, weekly team meetings, employee lunches and many other initiatives. 

One of the most effective ways to improve your team building initiatives is through the hosting of team building activities, events and workshops. These company-wide initiatives are a fantastic way to encourage communication, collaboration and relationship-building among your staff members.

Team building events can be virtual too!

It’s not just physical office spaces that can host these team building events either. Virtual team building events provide your organization with the opportunity to build a stronger team, even when your employees aren’t able to physically meet up in person. 

Virtual team building activities are a fun and effective way to strengthen relationships between remote employees, encourage communication and collaboration, build deeper levels of trust and simply help your employees feel like they are part of a tightly-knit team - even when they are working from home. 

How team building will benefit your organization

Team building has two huge advantages. Firstly, it gives your business the chance to invest back into your team and create happier, more loyal and more passionate employees. Secondly, these employee benefits bring a huge return on investment for your company, from higher-quality work, increased productivity and higher profits. 

Here are just some of the top benefits that your organization will realize from team building:

  • Better communication between employees.
  • Improved staff productivity.
  • Increased motivation to perform high-quality work.
  • Improved staff loyalty, resulting in reduced turnover and decreased absenteeism.
  • Increased collaboration among your team.
  • Workers who are empowered to be more creative in their solutions.
  • The creation of a more enjoyable workplace and company culture, which helps you to employ top talent moving forward.
  • Improved team morale.
  • Greater respect for your organization and the leaders within it. 
  • And many other benefits!

Are you interested in learning more about the benefits of team building and how your organization can realize superior ROI from a physical or virtual team building event? Get in touch with teambonders today. We would love to tell you more about our unique, customizable and fun team building programs.

Check Out Our Virtual Team Building Programs

Tags: "Virtual Events"