What Return on Investment can Company Retreats Provide You?

“No matter how brilliant your mind or strategy, if you’re playing a solo game, you’ll always lose out to a team.”— Reid Hoffman, Co-founder of LinkedIn

A great company retreat has the ability to transform and renew both your company and employees. If done right, it can provide you and your company an enormous return on investment.

This event does not have to be all work, no play or vice versa. During retreats, schedule time for company-focused exercises. Take this opportunity to discuss some important company-wide decisions while everyone is in a positive, stress-free mindset. Show them employee’s opinions are being listened to by leadership. The various angles and perspectives offered can be helpful when tackling difficult decisions; and your employees may surprise you with smarter, more cost-effective solutions.

Company retreats can also put the big picture in better focus. By grouping people from different teams, divisions, and departments to spend time with each other, it can break up the company silos. Employees gain a better picture of working towards one uniting goal: doing what’s best for the organization as a whole. Try to create an open and accepting environment where employees are willing to share ideas and talk about their workplace stressors. This can lead to great conversations with input from various teams.

Time spent with coworkers face-to-face in an environment outside work helps employees learn more about each other’s personalities. This can enhance trust, communication, and appreciation between employees; leading to a more tight-knit workplace environment and increased productivity. In addition, by exploring a new place together, new memories and bonds are formed and brought back to the workplace boosting chemistry, effectiveness, and overall team cohesiveness.

Most importantly, a company retreat shows your employees that they are respected and that you care about them outside of work. This can go a long way in creating happy and productive employees who are less likely to seek work elsewhere. They understand that everyone and their opinions are valued at this company.

Company retreats should be goal orientated first and foremost, but with fun, laughter, and relaxation mixed in. Focus on obtaining these overarching goals of inclusion, unity, and recognition and it will result in the highest return on your investment. Doing this helps your employees return to work ready to focus on achieving company goals.

Kelly D. Scott
The world’s leading business advisory and executive coaching organization