How Investing in Network Building can Boost Your Company’s Bottom Line: Part 4

“What we found in our research is that thriving at work often is as much or more about the relationships and quality of interactions with others as the type or pace of work.” Based on the research that has been reviewed in the past few posts, it’s clear that networks may be the key to successful innovation and execution in organizations. Building broad and diverse networks can help employees gain understanding, access information, create solutions, and accomplish important work. But today, we turn our attention to something that may have an even greater impact on the health and success of an organization – employees’ wellbeing. The financial impact of employees’ well being has been increasingly recognized by organizations around the world in recent years. As a result, companies are now investing more than ever before on their employees’ health. According to an analysis by IBISWorld, the workplace wellness industry has ballooned from $1 billion in 2011 to $6.8 billion five years later. According to the Society of Human Resource Management, almost a quarter of employers in the United States increased their wellness offerings last year. And guess how much employee wellbeing programs are costing American employers annually? Research by the Rand Corporation suggests that it’s $6 billion a year. Employee wellness matters – and employers know it. That’s the good news…but here’s the bad. According to new research published by the American National Bureau of Economic Research, workplace wellness programs aren’t working. This research looked at a program that offered employees biometric screening, a health assessment and various services and classes, such as chronic disease management, tai chi and...

The Best Team Building Activities – The Elusive Formula

The Best Team Building Activities – The Elusive Formula If you are looking for Team Building Activities that will result in the development of a high performing team and don’t know where to start what do you do? Well, you might ask Google and like so many of life’s other questions, Google actually has the answer and it surprised even them as explained in a recent HRM Canada article. http://www.hrmonline.ca/hr-news After two years of research and hundreds of interviews, Google discovered that of the multitude of Team Building Activities out there, no single one provided the magic bullet they were looking for to put together the best team possible. Many HR professionals spend a lot of time and energy developing Team Building Activities that would group individuals with complementary skills together in order to maximise that team’s effectiveness. Finding the right balance of introverts/extroverts, or developing the perfect matrix of academic credentials would seemingly provide the best foundation for building the ultimate dream team in your industry. It turns out that this kind of thinking is all wrong and many HR professionals and managers are starting to learn that the best kind of Team Building Activities focuses more on the human side of things. Relationship building, fostering trust and collaboration and establishing a culture where people care about each other and the work they do makes for a much better recipe for success than simply looking at the experience and background folks bring to the table. This revelation was great for us at Summit to hear…our team building activities focus on creating experiences where people can get to know...