Team building, as the name suggests, aimed at building strong cohesion in teams bringing the teamwork to the next level. But how does improved teamwork affect your bottom-line?
Let’s look at the cold hard, measured and proved facts*, not conclusions:
1) “Retention increases up to 800% if humour is used when presenting.”
– Avner Ziv, Ph.D., Contemporary Educational Psychology.
2) “Organizations that communicate effectively are 4.5x more likely to retain the best people.”
-Watson Wyatt, Worldwide Consulting Firm
3) “U.S. companies lose $3 billion a year to the effects of negative attitudes at work.”
-The U. S. Bureau of Labour Statistics
4)“60% of executives listed lack of collaboration as one of their top leadership challenges.”
– American Management Association
So, the equation is pretty simple: Team Building Strategy -> Improved Team Work -> Highly Efficient Business