Research Supports the Benefits of Teambuilding
The benefits of team-building are not just anecdotal; they are backed by solid research and statistics, compiled by some of the biggest names in the business.
From the Harvard Business Review (2017), employees at companies with high trust report:
- 74% less stress and 13% fewer sick days
- 106% more energy and 50% higher productivity
- 76% more engagement and 40% less burnout
In another study (2021,) the Harvard Business Review found that millennials prioritize ‘people & culture fit’ above everything else.
In fact, 15% of job seekers declined offers from companies because of poor company culture.
In 2020, McKinsey said 75% of survey participants said that the most stressful aspect of their job was their immediate boss.
Giant research & analytics company Gallup Inc reports that:
- Highly engaged business units see a 41% reduction in absenteeism and achieve 59% less employee turnover.
- A highly engaged workforce has 21% higher profitability.
I could go on, but you get the idea.
You can explore these and many more interesting statistics that speak to the benefits of team-building here.
Original post September 2024, last updated September 2024.