Optimise Staff Efficiency by 20% With Team Building
Are you wondering how team building events will save you money in the long run?
Discretionary effort is about employees doing that little bit additional in the ordinary work day – finishing off a report today rather than leaving until tomorrow and planning for the weekend. It is not about working longer but being more productive during the normal working day.
If we can encourage all staff to optimise their discretionary effort, it is easy to see how it will impact productivity for little increased cost. To put this into figures the Hay Group looked at companies whose management team encouraged discretionary effort compared to those that did not.
They experienced a 43% increase in revenues!
They also estimate that high performing workers (those who give more discretionary effort) are 20% more productive.
How do you get your workers to give extra discretionary effort?
It is not something you can ask for in appraisals or train them in. It comes when a staff member feels engaged by having a positive emotional connection to their work, and the extent to which they can fulfil their personal goals and values through work.
There are six renouned components satisfying those goals and values.
1. Inspiration and values
2. Work life balance
3. Future growth and opportunity
4. Enabling environment
5. Quality of work
6. Tangible rewards
So where does team building fit in?
Well it may possibly fit in under inspiration and values and tangible rewards depending on how you use the events. Typically they can be used as a reward for work well done which fits into the tangible rewards component.
They can also be used to show that the company values it’s staff and are prepared to spend time and money outside of their normal job training. This would fall into the inspiration and values component.
So taking some time out of the office might just sound like fun but it may well have a immense impact on your bottom line.
Will Bicknell
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