Team Building Statistics: Effectiveness and Engagement in 2022

Collaboration is proven to be a major determining factor in job satisfaction, and team building can put the building blocks in place to forge excellent working relationships that drive engagement. That’s why we prepared these team building statistics which can prove illuminating about what motivates employees in the workplace and how organizations can achieve improved productivity levels. Companies need only embrace employees’ desire for connection and open communication in these unprecedented times to experience their benefits. 

Top Team Building Statistics: Editor’s Choice

  • Fully-engaged workforce can deliver twice the revenue.
  • The number of companies investing in virtual team building has risen by 2,500%.
  • 75% of staff say teamwork and collaboration are crucial to corporate success.
  • The US ranks second globally for the amount of virtual team building initiatives.
  • 33% of employees believe fostering a collaborative culture leads to increased loyalty.

Team Building Effectiveness Statistics 

1. Companies with a fully engaged workforce are capable of generating twice the revenue.

Research further suggests that positive communication within the workplace directly correlates with positive communication and socializing outside of work. This adds weight to the benefits of team building exercises and the tangible difference they make to morale. 

2. An incredible 2,500% more companies have adopted a virtual team building approach since COVID-19 struck, team building industry statistics suggest.

In response to the various lockdown and quarantine protocols implemented by organizations, virtual team building has garnered increased interest, spawning a host of new online solutions. Many employees believe this had a positive on their overall wellness aside from being more engaged professionally. 

3. More than 60% with a best friend in the workplace are twice as likely to achieve full engagement.

As many as 63% of women who have a best friend at work will be twice as engaged. Corporate team building statistics also confirm that employee satisfaction increases by up to 50% when surrounded by people with whom they are friendly. By nurturing these relationships, organizations can make significant improvements, as further evidenced by employee engagement statistics.

4. Nearly 75% of employees see teamwork and collaboration as essential.

While nearly three-quarters of employees deem collaboration to be a vital cog in workplace engagement, only 18% of employees have their communication skills evaluated at performance reviews. Then, just over a quarter (27%) get communication training. 

5. As many as 86% of executives feel a lack of collaboration is responsible for company failures at large. 

When communication breaks down inside a corporate structure, it will more than likely show in its inability to perform and impact its revenues. Statistics on team building effectiveness meanwhile show that by strengthening the bond between employees, a company can avoid the risk of eroding its collaboration potential. 

6. Organizations that promote collaboration and communication are 4.5 times less likely to lose their best employees.

Retaining key staff should be a priority for any company. With employee turnovers on the rise in pretty much any industry, the onus is on its decision-makers to foster a culture that promotes open communication. Team building benefits statistics suggest it’s one of the simplest and most effective means of keeping top talent. 

7. The US ranks second worldwide for virtual team building implementation.

Promisingly, the US is only behind Singapore as the single largest per capita proponent of virtual team building, which bodes well for companies seeking to keep their staff involved, enthusiastic, and informed. It speaks to the importance of team building that companies are exploring innovative avenues to bring their employees together even in a pandemic. 

How Corporate Team Building Can Help Define Company Culture 

8. About a third of employees believe that a culture of collaboration makes them more loyal.

Statistics supporting team building suggest even the longevity of an employee’s career is affected by their potential to collaborate with their peers. One in three staff members will seek out other positions if they feel they aren’t able to participate. 

9. Team building can improve work ethic and innovation up to 10 times.

Team building benefits an organization from top to bottom by developing a sense of trust, building bonds, boosting morale, and promoting wellness while relieving stress and taking the sting out of workplace differences. According to team building effectiveness statistics, engaged employees can make massive strides in productivity when invested. 

10. Over 50% of employees have stayed at a company because they felt like part of a team.

A lot of people would turn down more lucrative or beneficial offers from elsewhere because of how connected they feel to their peers and the company itself. Team building activities won’t magically transform every member of staff into a super productive, super loyal rockstar. But by investing in their need for connection in the workplace, companies can reap massive long-term rewards, including retention of top talent.

11. More than 25% of employees work 100% remotely using virtual collaboration.

Team building statistics are just as relevant as we begin to migrate in earnest towards a remote working culture, with virtual team building at the forefront of generating employee engagement. Team building experts have advised that companies be mindful of the need to create and maintain virtual collaboration initiatives not only during this pandemic but in the years to follow.   

12. 48% of HR specialists say that they successfully and efficiently run global teams remotely.

Virtual team building can have several positive effects on employee collaboration when implemented successfully. 83% of companies report an improved global perspective as most beneficial, 72% say diversity, creativity 54%, and cost-effectiveness 32%. Teamwork statistics can give companies an insight into what’s working and what’s not and allow them to build relationships remotely. Team building activities statistics meanwhile point to online office games, photo channels, and “guess the emoji board” as the most popular ways to engage employees remotely. 

Conclusion

There is a real yearning among employees locally or globally for increased connection and collaboration. Companies that have recognized this and acted accordingly have seen what’s achievable with engaged and invested people. We are undeniably moving toward a remote future, and the arrival of COVID-19 suggests there is no better time than the present to bring people together and nurture productive relationships. Team building statistics paint a clear picture of what a company’s goals should be concerning engagement. The successful ones will realize the importance of team building in the workplace and work toward reaping the benefits.

 

Sources

GallupKenexa Research InstituteTeamBuilding.comGallupQueens University of CharlotteSalesforceBIT.AIRoomToEscape.comThe EconomistMuseum HackGustoGitLabSHRMMuseum Hack