If you could invest $28,000 developing effective teamwork in your organization and, in three years, see a return of $149,500, would you interested?
Often, I am told that you cannot put a value on the “soft skills” such as team building. This article from PR Newswire talks about a recent study, the Total Economic ImpactTM (TEI) of Teamwork study and found that, regardless of your industry, over a three-year time frame, the combination of income generation and cost saving benefits reflected an ROI of over 430%.
In addition to the benefits mentioned in the article, another powerful benefit is a strengthening of the organizational culture.
In my workshops we often talk about High Pay-off Activities (HPA) and Low Pay-off Activities (LPA) and how many of us spend too much time on low pay-off activities. As someone who works alone, I often fall prey to this.
In my opening sentence, the initial investment of $28,000 includes a combination of licensing, implementation of ideas, and training. So, let me ask you again. Would you invest $28,000 to realize a return of 430% in three years?
Assuming that quality teamwork is maintained, that number will only compound over time.
For more information, get your copy of Gregg’s book, One Team, One Dream today! Available in both print and electronic versions!
Bring Gregg to you!
Featured team development seminar – Synchronize Your Team