Startup Retreat: Why Your Startup Should Host a Team Building Offsite This Fall
Let’s say there’s this young tech startup, Company X, we’ll call it. From afar, Company X is doing great.
They’ve made quick growth since their founding in 2010 and have expanded from five employees to seventy. The company has made a few necessary, but successful, pivots and their sales continue to grow. But this isn’t the full story.
Zoom in a little closer and you start to see that Company X is struggling with poor employee engagement, an underperforming team, and lack of cohesion throughout the organization.
Aaron, their CEO, is at odds about what to do.
On one hand he realizes that his employees need a break. They’re obviously overworked and not getting the support they need, but on the other hand he doesn’t want to distract his workforce from the progress they’ve made and the objectives they need to meet.
So, Aron decides to do some research. After many late-night Google searches he comes to realize that the symptoms his startup team displays point to one of the deadliest diseases to plague tech startups today, poor team culture.
Unsure about how to solve this problem, Aaron does a bit more digging. He then stumbles across the idea of a team building offsite retreat.
At first glance the idea of a team retreat seems counter intuitive. If you pull your employees away from work are you actually going to solve any problems? Would employees be able to cope with the lost hours, be able to play catchup, and still juggle their workload?
The answer to both of these questions is YES.
Annual team retreats create positive changes throughout the entire organization. They increase employee and team engagement, enhance company culture, encourage team collaboration, and grow employee motivation and performance.
And when you see stats like “. . . highly engaged teams show 21% greater profitability per year. . .” and “disengaged employees cost U.S. companies up to $550 billion a year. . .” it’s easy to see how team building retreats are the perfect solution to incoherent, stressed, and overworked workforce (Forbes).
For further proof about the power of team building offsite retreats continue to read my article below where I answer questions about the value that a team retreat brings to your startup and why your startup team NEEDS one this fall. 👇
What is the purpose of a team building offsite and what benefits will I see?
High performing teams are critical to a startup’s success and as a result, are one of the most important and beneficial investments a startup CEO will make.
The biggest reason to host a team building offsite retreat is to strengthen the bonds of your entire team.
Team building retreats are a great way to enhance company culture, improve overall team performance, and increase employee productivity and engagement.
The interactive and community-based approach of team building retreats helps improve the capacity of leadership for employees and managers alike.
This makes team building retreats the most effective way to create a long-lasting impact on team dynamics and leadership skills which are at the foundation of any high-performing team.
By developing stronger team dynamics and leadership skills across the entire team, you foster meaningful relationships among team members that makes them excited to come to work again.
You also increase team collaboration which helps in the development of solutions to problems that executives can’t solve alone, and employees become motivated to take action in the role they play at your startup which reignites their passion for work and will create long-lasting results on their maximum productivity output.
For a full review on how team building retreats help grow company culture, boost team performance, and heighten employees productivity, explore the rest of the questions below. 👀
How will a team building offsite enhance my company’s culture?
Team building retreats focus on how your startup’s values guide employee interaction.
In fact, team building retreats can be considered a piece of company culture itself as they act as a check up on company values.
As mentioned by Hoppier’s CEO, Cassy Aite, “ . . . startup culture should be rooted in values of your company . . .” and retreats are a great way to clarify your company’s goals and missions and give you a chance to clearly communicate them to employees.
👉 To see my full interview with Cassy checkout my blog How to Grow Your Startup Company Culture Online
In this way, team building retreats act as a way to build, reconstruct, and communicate company values from the bottom-up.
Retreats show employees where company values come from and how they’re created. This then helps employees to uphold company values in their everyday actions at work which ensures that company values are supported by all staff.
As your employees develop a deeper understanding of company culture, they also develop a deeper connection amongst each other as they realize how they work with each other to reach a common goal.
When employees realize the collaborative role they play in helping each other reach target objectives they feel excited to come to work again.
How will a team building offsite improve team performance?
One of the biggest benefits you will see from a team building retreat is increased collaboration among team members.
In my interview with Hoppier CEO, Cassy Aite, Cassy told me that he finds that team building retreats are very helpful in team discovery.
Team members gain a better understanding of themselves and each other through activities such as leadership coaching and DISC personality tests.
The DISC personality assessment is a great tool to use to better understand how team members work together and their communication styles.
As team members gain better knowledge of each other’s personalities and communication styles they begin to understand what they can do to better support one another in the workplace.
When team members understand how to get the best out of one another communication suddenly becomes 10x easier which then increases team engagement and collaboration.
How will a team building offsite increase employee productivity?
Did you know that 80% of workers feel their job is stressful? And 61% of employees feel burned out at their jobs (Forbes).
With statistics like these it’s no wonder that workplace stress is a primary concern of HR departments across the world.
Burned out employees are unfocused, unproductive, and submit poor quality work.
This makes it clear that providing proper support for employee well-being to avoid burnout is necessary action for every business.
Additionally, 89% of workers at companies that support well-being initiatives are more likely to recommend their company as a good place to work (Forbes), which means greater talent attraction and retention for startups. That makes support for employee well-being a top priority.
89% of workers at companies that support well-being initiatives are more likely to recommend their company as a good place to work.
One of the best ways to support employee well-being is team building retreats.
When you host a team building offsite retreat you give your employees the chance to take time away from the stresses of work and give them a place to unwind and decompress while simultaneously being able to improve their professional development skills.
This release of stress allows employees to go back to work feeling refocused and reenergized which reignites their passion for work.
With this newfound motivation employees feel ready to take on new challenges and tackle big projects both of which dramatically increase overall employee productivity.
Where will you see your ROI?
Although it seems counter-intuitive at first, team building retreats are a great investment to boost the performance of your startup team.
Retreats are an excellent way to improve morale and motivate your entire staff which makes them a great investment.
In the end you’ll see your return on investment through enhanced company culture, better team performance, and increased employee productivity all of which will boost both your startup’s employee retention rate and overall triple bottom line.