
54% of employees will stay in their place of work longer because they feel a sense of belonging with their team. This is one of many statistics that prove the importance of team building. From improved employee retention to increased productivity, team building is a tool that can help your business succeed for years to come.
Many businesses seek out HR-led team building workshops. Our HR experts organize friendly and professional team-bonding activities that effectively build connections and a sense of belonging. But are the benefits of a team building workshop worth the cost?
Let’s go in-depth into some of the reasons business owners overlook expert-led team-building workshops, how much it costs, and free team building ideas to get started!
Are Team Building Workshops Worth It?
Yes, team building workshops are definitely worth the cost.
According to Forbes, 36% of employees say lack of recognition is the #1 reason to leave a job.
Recent statistics have proven that team building is one of the most effective ways to boost employee morale, productivity, and satisfaction.
Here’s some of the ways your business will benefit from team building workshops:
- It improves team communication and collaboration, leading to faster project turnarounds and better outcomes.
- Employees become more engaged from team-building. According to Gallup, engaged employees have reduced absenteeism, reduced turnover, increased productivity, and are more profitable than employees who aren’t engaged.
- It helps your team put their problem-solving, leadership, and other key skills into practice. Expert-led team-building activities are designed with problem-solving and leadership development in mind.
- Team-building majorly impacts team morale and helps create a positive company culture, which can attract experienced, high-demand candidates down-the-line.
- Team-building can help reduce the likelihood of team conflict and miscommunication.
In summary, investing in effective team-building events means investing in your team and your company’s future. It can make a huge difference in creating a more effective, aligned, and motivated workforce. Maintaining higher team productivity and performance is incredibly impactful for your business’s long-term success.
How Much Do Team Building Events Cost in Canada?
In Canada, expert-led team building events cost anywhere from $1,500-$15,000 depending on team size.
- For a team of 20 people or less, a team building event will cost somewhere around $1,500 to $4,500.
- For a team of 30-50 people, a team building event will usually cost $4,000-$8,000.
- For a team of 50-100 people, a team building event will cost around $8,000-$11,000.
In short, the larger the team, the more costly a team building event will be, as most people charge per employee. With that said, the more beneficial they often can be as well, as larger teams tend to have a more difficult time building team chemistry and bonding.
Team Building Workshop Cost Factors
The cost of a team building workshop will be affected by:
- Team Size: team-building events are often charged per employee, so the price will increase based on how large your team is.
- How Long the Workshop is: Team building workshops can be a half-day, full-day, or multi-day experience.
- Activities: Some team building activities involve certain equipment or meal-times in-between, especially multi-day team building events. This will contribute to the costs.
- Location and Venue: Team-building events held off-site will be more expensive than an on-site team-building event.
Free Team Building Activity Ideas
These free team-building activities are perfect for building a sense of community in your workplace. These activities are designed to be easy to organize and require very little resources.
Here’s 2 free, easy team-building activities:
- Two Truths and a Lie: This simple game is easy to understand and well-known. Each team member shares two truths and one lie about themselves, and the rest of the team needs to guess what the lie is. This is a great icebreaker game that helps teams get to know each other on a more personal level.
- Fun Team Presentations: Ask your team to make a non-work-related 5-minute presentation about one of their biggest interests. It could be a presentation about their pet dog, music they’ve been listening to lately, or a summary of an historical event they still think about. This activity gives your team the chance to be creative while testing their presentation skills.
Looking for a talented team of HR professionals who’s ready to give you a personalized team-building experience? Let’s have a chat about your goals!
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