The ROI of Teamwork: By the Numbers
📊 The ROI of Teamwork: By the Numbers
The data around football has exploded in the last decade; clubs who harness this intelligence have reaped the rewards. Now, every club can access as much data as they can handle, but what you learn and action from the data will make the difference.
Data in business has always been fundamental – that bottom line doesn’t lie! However, are you sceptical about the impact of teamwork on your business – then let the data speak for itself:
– 37% higher productivity in collaborative companies (Deloitte)
– 21% higher profitability in organisations with connected employees (Gallup)
– 41% lower absenteeism in teams with high engagement (Gallup)
However, fostering great teamwork can be challenging. Common issues:
1. Communication barriers (cited by 33% of employees)
2. Lack of trust (experienced in 45% of teams)
3. Unclear goals (affects 37% of projects)
The solution? Intentional team building.
I first encountered a professional example of this in the build-up to Euro 92 in Sweden when the England national football team was in a training camp in Finland. We had a renowned sports psychologist who put us through various group activities. I found it fascinating, but I’m not sure it was a great success—we lost all three games we played at the tournament! Although I’m sure there may have been other mitigating circumstances….
There are many ways to achieve intentional team building, but here are a few examples:
· Problem-solving challenges: Give the team a complex task, like an escape room or a puzzle.
· Skill-sharing sessions: Have team members teach each other skills or share knowledge in informal workshops.
· Volunteer projects: Engage in community service activities as a group.
· Team sports or games: Participate in friendly competitions that require cooperation.
· Offsite retreats: Spend time together outside the work environment to focus on team dynamics.
· Cultural diversity celebrations: Host events to share and appreciate team members’ diverse backgrounds.
· Goal-setting workshops: Collaboratively establish team objectives and individual roles.
· Improv exercises: Use improvisational theatre techniques to build communication skills.
· Personality assessments: Use tools like MBTI or DiSC to understand team dynamics better.
· Mentorship programs: Pair team members for mutual learning and support.
We provide a Dream Team Experience Day that combines some of the above items, another great way to get your leadership on track with teamwork.
#DataDrivenLeadership #TeamPerformance #WorkplaceProductivity #DreamTeamExperienceDay