The importance of incentives & team building at work
On Saturday, the Bond Williams Team enjoyed a day at Ascot races together to celebrate their success of the last three months. The ‘top achievers’, those who could make it during the busy holiday period were invited to the event after an outstanding performance during the quarter. Each quarter, members of the team can take part in an incentive day, chosen by the directors, including day’s out at the races, activity centres, race track days, gin factory tours, boat and jet ski safari days and much more!
Incentive days and team building days like these help to foster more open communication between employees as well as between the management and team leaders. This goes a long way in improving professional relations, understanding and co-operation within teams, quality of work being done and of course an extra dose of motivation, giving teams something to work toward with a shared outcome of being able to celebrate success and hard work, together.
Here are some of the key ways that working towards regular team incentives can make a successful impact on your business:
Accountability – When teams commit to a clear plan of action and designate their area of expertise to fulfil their role to their best ability this adds positively and generally enhances productivity for the good of the team. It also allows the most focused and driven individuals to call their peers on actions and behaviours, making them accountable to the team, and if they are not pulling their weight the team can help strengthen individuals to rectify the situation, hopefully without conflict.
Commitment – Team members need to commit to decisions, plans, ideas and agreed schedules and deadlines, this then creates an environment where contentment and structure prevails. Lack of direction and commitment can make employees, particularly star employees, disgruntled.
Trust – Just like any great relationship, trust is of paramount importance. When team members are reluctant to be vulnerable with one another they are also unwilling to admit their mistakes, weaknesses or needs for help. Without a certain comfort level among team members, a foundation of trust is impossible. So good open discussion is necessary on a daily basis so each individual keeps to their word and to the plan in hand.
Communication – Keeping the airwaves open is vital to keeping a project on track and explaining thoughts clearly and openly, so each individual player can feel comfortable to express themselves within the group. Communicating within a successful team enables everyone to transfer knowledge, understand the work, provide feedback and brainstorm, ultimately making instruction and process easier for each individual.
Attention to detail – Team members naturally tend to put their own needs (ego, career development, recognition, etc.) ahead of the collective goals of the team when individuals aren’t held accountable. For a team to truly reach significant achievement, the details need to be adhered to from everyone involved with a joint interest so nothing is missed, egos can be satisfied collectively too.