How to make the most of your moneyAccording to the American Society of Training and Development, businesses in the US spent $125.9 billion on employee learning and development back in 2009. On average, this works out to around 2.2% of annual payroll budget.
But in recent years, many companies have slashed their budgets, in response to the ever challenging economic climate. So what are the options when it comes to team building on a budget?
Well, there are a number of simple but effective ways to get your team out of the office and interacting with each other. The key is to find an activity that meets your objectives in a fun and collaborative way that will not break the bank.
However, successful companies are now recognizing the need to actually increase their investment in employee training and development. Focusing on maintain positive working relations is especially important during times of change and uncertainty. Team building activities are an essential way to re-group and develop collaborative problem solving skills to help teams work more effectively. It’s important to look carefully at how much you need to invest in order to deliver a positive, measurable return on investment.
Here are some of the benefits that businesses are looking to achieve:
- Improved communications
- Increased sales, productivity and efficiency
- Greater understanding and appreciation
- Improved trust, energy and enthusiasm
- More productive working environment
- Less sickness, absence and turnover
- Less issues and conflicts
- More thinking outside the box
At Canadian and American Outback Adventures & Events, we have specialists experienced in providing solutions for companies of all shapes and sizes. We’ve got over ten years of expertise and an outstanding track record to go with it. So if you’re looking for the right solution, give us a call today on 1-800-565-8735 (Canada) 1-800-713-7238 (US), or visit our websites at
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