As a business owner, you can probably think of plenty of reasons to not host a company retreat. They require a lot of planning and time that you don’t have. Or maybe you’re worried about expenses and if you can afford to shut down business for a few days.
While planning and paying for a corporate retreat is no walk in the park, the benefits offer a return on investment that is truly priceless. Allowing your workforce to be away from the office for a few days has all sorts of advantages.
Here are 5 reasons why your company should have a company retreat.
1. Boost Employee Morale
Let’s face it, doing the same thing day in and day out quickly becomes dull. Following the same routine day after day, can leave some of your employees feeling drained and uninspired. A corporate retreat is a great way to break up the monotony of the traditional work week and helps to prevent burnout. It also shows your employees that you value them.
For your workforce, an invitation to a corporate retreat can feel like a reward for their hard work and loyalty to the company. Even a few days away from the office can rejuvenate your staff. This increases morale as well as efficiency and productivity.
The higher the morale your workforce has, the higher your retention rate will be. So while you may choose to pay for yearly corporate retreats in New York, you’ll be saving money on hiring, training, and other costs associated with high employee turnover.
2. Inspire Creativity
Routine and consistent schedules are nice, but they can stifle creativity. A corporate retreat offers a change of environment and a change of pace, two factors that may be just what employees need to get their creativity alive and flowing.
A corporate retreat is a great time to encourage employees to provide their feedback on a variety of topics. Ask how processes can be improved or ways that productivity can be increased. Talk about barriers to success, roadblocks, and bottlenecks that can be fixed.
Brainstorming sessions during a corporate retreat are low-pressure and relaxed. Employees will feel more comfortable in sharing ideas that they may not otherwise share in the office.
3. Encourage Bonding
Tight deadlines and busy workdays can cause a team to grow apart. As everyone is focused on their own tasks, it’s easy for communication to slip. Day-to-day grind in the office can make it impossible for employees to bond and grow together
During a corporate retreat, you can plan activities that allow employees to get to know each other on a more personal level. Team-building activities allow employees to increase camaraderie and to build trust.
The more your employees feel like they’re part of the team, the better the relationship they will have. New and improved relationships will transfer back to the workplace and create a more positive and open work environment.
4. In Person Face Time
Do you have a remote workforce or employees that work in several different offices? In today’s digital and technology-based workplaces it’s not uncommon for employees to work on a team with people they’ve never met face-to-face. But this can lead to a fractured team that lacks camaraderie
A corporate retreat is an ideal place to bring your teams together for real face time. While video conferencing gets the job done, there’s nothing that makes people feel connected and as part of a team than face-to-face communication.
When your team feels connected on a personal level, it’s much easier to work towards common goals. Communication and collaboration also come much more easily. This, in turn, increases productivity and efficiency.
5. Motivate Employees
A motivated team is a successful team. The more dedicated your employees are to meeting goals and deadlines, the better off your entire company will be. Time away from the office creates new energy.
After a corporate retreat, much of that energy carries back into the workplace. Employees will have much more positive energy to put into the workday. They’re more likely to have new ideas and newfound motivation to meet personal and company-wide goals. Teams will be much more collaborative and open to ideas and opinions from others.
Motivation equals productivity, which means a healthy company both inside and out.
Planning a corporate retreat is no easy feat, but the return on investment is well worth the time and money. If you’re on the fence as to whether or not your company should host an annual staff retreat, keep these benefits in mind. Even if the retreat is just for a few days, you’ll be amazed at how much just a little time away from the office benefits your workforce.