Staff Retention | 6 Benefits That Team Building Provides
If you aren’t measuring your staff retention and turnover, then you may not be aware of it but we are sure every business could do with increasing their staff retention.
Staff retention is a vital part of any business. In a time where a person can go through 15-20 different jobs during their career, retaining key staff members and keeping employees happy in their work is something employers should think about. If a high amount of your staff leaves regularly, then it can lead to a variety of different problems. This is why staff retention is so important! Another great way to keep staff retention is with virtual team building ideas like virtual escape rooms, virtual cocktail making and virtual murder mystery.
The Benefits of Retaining Staff With Team Building
With an increasingly competitive business environment around you every day, there will always be high demand for the top talent. If you feel like you could have the best of the bunch already with you, then you will obviously want to keep a tight hold of them! A great way of doing this is by hosting away days and team building activities for everyone to get involved in, which are available to host anywhere across the UK.
Retaining an employee is far more cost effective than hiring someone new. Not only will they have the skills your company needs, they have valuable knowledge of your business and you don't have to utilise the time and costs of training up a new employee.
If someone who is valuable leaves the business, their replacement won't have the knowledge and insight on the operation of the company. It'll take time for them to fit into their role, learn how the business works and create strong relationships with fellow colleagues.
Attracting New Employees
Knowing existing employees wake up happy each day and enjoy their work throughout the week will help entice new talent to the workforce in the future, which can ultimately save time and effort recruiting new hires. The more popular you are, the healthier the perception people have on your business and, in turn, the happier they are to work for you.
A Good Reputation
People who love working for your company are more likely to spread the word, meaning others will end up naturally having a positive perception of your company. This can be true even if they’ve yet to use your products or services. This can strengthen your brand and attract more customers to use your services, as well as potential employees to recruit in the future to further grow your company.
Other Reasons Why Companies Do Team Building Events
Other than retaining staff, away days are also great for improving communication between colleagues and therefore strengthening their relationships with one another. There's always going to be conflicting personalities and interests in a workforce, so hosting these kinds of events is a great way of finding common grounds. We can all agree that there is nothing worse than being in a working environment where employees aren't comfortable with each other.
Collaborative events will also boost the productivity of your staff. Boosting the productivity of your staff is an obvious win, as this leads to better results and a higher quality of work being produced by them. This will also strengthen your staff’s commitment to their role within the business as it will give them a sense of pride in what they do.
Yes, you may be spending a substantial amount towards the events and activities, but ultimately, you will save money in the long run. By doing this, not only are you keeping your existing staff happy but it will also help you in attracting potential new employees.
There is nothing better than being the business that everyone wants to work for. By organising these events specifically for staff retention, your staff will be much more likely to express how good it is working where they do.
Top Indoor & Outdoor Team Events
Travel from pub to pub as part of a head-to-head challenge filled with fun trivia.
A selection of the mini games everyone loves from Table Tennis all the way to Giant Jenga or Snakes & Ladders.