Healthy Teams Don’t Just Increase Revenue, They Also…
The state of the dynamics and synergy in your team can make or break not just a company’s bottom line, but also…
Read on to find out more about the far-reaching, healthy effects of healthy teams! (as proven by research)
They make happier employees and lower turnover rates.
Research has shown that team members in healthy environments fostering honest feedback, personal openness, and mutual respect are 80 percent more likely to report higher emotional well-being. This positive atmosphere can enhance overall team satisfaction and reduce turnover rates.
They enhance problem-solving, innovation, and personal growth.
A healthy team is an inclusive, diverse team. A recent report from the global management consulting firm McKinsey & Company found that teams composed of members from diverse backgrounds — such as different ages and ethnicities — are up to 35 percent more creative and perform better compared to homogeneous teams.
This result is not surprising, as diverse teammates bring varied viewpoints from their different experiences, offering more than just a single perspective. This diversity can unlock new and improved insights, ideas, and opportunities, provided that an open and collaborative environment is encouraged.
Besides, being part of a diverse and healthy team helps you flourish, too, as the variety of vantage points you are exposed to allows you to learn from other’s mistakes and sidestep future errors. At the same time, it reveals blind spots regarding both your weaknesses and strengths. All of these factors can lead to improved performances.
Productivity increases as well.
As per the TINYpulse Employee Engagement and Organizational Culture Report that surveyed more than 200,000 employees, gaining respect and recognition from peers is the top factor motivating people to go the extra mile. Additionally, according to John J. Murphy, author of the book "Pulling Together: 10 Rules for High-Performance Teamwork," stress can easily make individuals vulnerable to mistakes, thereby reducing productivity. However, healthy teams promote positive energy, encouragement, and a joyful atmosphere, which can alleviate stress, lead to fewer mistakes and therefore, higher productivity.
Don't let your company's most valuable assets walk out the door! Reach out to our experts to find out how you can build healthy teams to safeguard your company against high turnovers and low productivity.