Why Corporate Team-Building Is Important And Cannot Be Sidelined In 2023
Given the plethora of workplace challenges that marked 2022, MNCs are taking drastic measures to ensure the efficient allocation of resources and to achieve optimum productivity.
"Quiet quitting" is still a trend, and debates surrounding flexible work arrangements continue to loom. In addition to that, the chilling effect caused by the recent massive layoffs made by tech giants like Amazon, Meta, Twitter, Netflix, and (now) Google cannot be overlooked. Based on TrueUp's tech layoff tracker, nearly 220,000 employees were affected by these layoffs in 2022 alone.
What if I told you that amidst these drastic actions and turbulent landscape, the most underrated tool to achieve these efficient and productive teams lies in corporate team-building?
The most valuable asset any business can have is a cohesive, strong team. Even in the post-pandemic workplace landscape, this fact remains unchanged.
Here is why corporate team-building is pivotal for your organisation in 2023:
It will help you build your “dream team”
The earliest recorded team-building exercises date back to ancient Greece and Rome when the military would conduct training exercises to develop soldiers' combat skills. But the truth is, team building has been around since man learned to work together, albeit having its methods and techniques evolve over time as our understanding of human interaction improves.
Today, corporate team-building focuses on helping teams understand how they can work together based on their innate abilities. Learning the unique capabilities inherent in each team member can allow organisations to position people where they thrive the most.
Not only will this increase engagement (since people enjoy what they are doing), but it naturally leads to increased productivity and output because people are good at what they do.
It will help you know how to hire and prevent massive layoffs
The purpose of a great corporate team-building program is to help teams maximise their collaboration. For a team to collaborate effectively, you need the right mix of people in it.
A great corporate team-building program understands where an organisation is headed and can help to identify the gaps that need to be bridged. This gives organisations laser-like focus in their hiring process, where they can be targeted in not just what they need, but who they need.
In the long run, not only will a solid hiring process help retain talents in the team, it will prevent the cost of layoffs in the search for a competent replacement for an individual.
It will help you adapt to the future of work
Corporate team-building has come a long way since its inception. As technology continues to transform the world of work, we can expect that corporate team-building will continue to evolve beyond its traditional forms, such as team bonding over ropes courses and relay races, into a core business function that is vital in developing and retaining talent within an organisation.
Come 2023, corporate team-building initiatives should increasingly prioritise building connections with others in both virtual and physical settings. The goal is to help teams develop the skills they need to work together more effectively in an increasingly global and digital workforce.
With the right tools and approach, your organisation can also leverage the often underrated power of corporate team-building programs to build a more engaged workforce that thrives in this post-pandemic world.
Final Thoughts
For better or worse, each year brings a new host of challenges.
2023 is the time to take stock and ask: How do I view these challenges as an opportunity?
What better way to do this than to begin prioritising your corporate team-building — for the sake of your organisation and for the sake of the people behind your organisation.
If this is up your alley in the year ahead, drop us an enquiry and we’ll be in touch!
Written by Rachel Chai
Connectedness • Empathy • Strategic • Belief • Context
Rachel is a Strengths School™ Certified Strengths Trainer and the Content Lead at Strengths School™. Being deeply introspective, she believes in helping others draw connections between how their unique strengths play out in their lives.
We are corporate team-building specialists based in Singapore, equipping in-person, virtual, and hybrid teams with practical tools to maximise collaboration and minimise conflict. Trusted by 600+ teams globally, our proven track record showcases our expertise in helping teams achieve their corporate team-building objectives.
