The cost of not investing
in team-building - What’s the cost of buying a
new car, putting it on the road and not servicing it?
What’s the cost if you’re going to an appointment
and you’re car breaks down on the motorway. Maybe
you’re delayed or you don’t even get to that
meeting.
There’s a cost in having it towed away and various
other things and then repaired. There’s the cost
of you missing the appointment. Staff are the same thing – they
don’t always cost a lot more.
The cost of not investing in the team – if a staff
member isn’t doing what they do well, misses opportunities,
is unable to deliver certain things, misses deadlines
for example, goes to a meeting but misses the opportunity
to capture the benefits of that meeting, there’s
a cost.
You may not know about it but there’s an actual
cost, i.e. They don’t come back with the business.
If a manager wastes maybe (and the Government had these
figures) typically twenty-five percent of their weekly
time in conflict, if a person has a conflict, twenty-five
percent of every week so that’s a day a week, that’s
fifty days a year – look at all the managers in
your business – if you’ve got a big company
and they’re all wasting fifty days a year to unwarranted
conflict, what’s the cost of that?
So a fifth, or twenty-five percent of their salary is
wasted but what about what they could have been doing
with that time? If you start looking at those figures,
then actually a team-building event is exceptionally
good value. Not doing a team-build can cost you a great
deal of money.
There’s a business where a member of staff missed
a £120,000 contract. That member of staff was not
in a good mood, was not having a good time, didn’t
talk about it at work and simply did a very sloppy job.
And it’s actually a client that they’d had
for a period of time. It wasn’t a new client. The
client just placed the work elsewhere, thinking they
didn’t really want it.
Now what cost is that. Maybe fifty pence in the pound
of that contract ? Thirty grand, forty grand, fifty grand?
It actually cost forty pence in the pound profit for
that member of staff. Now I ask you was team-building
worth it – almost a stupid question, if that’s
going on. In that case the company were actually smart
enough to find that out, but there might be companies
that never find that out but nonetheless it’s still
happens; It does not make it better because you don’t
know about it.
Just because you can’t see it does not make it
OK.
That’s why I say team-building is sometimes uncomfortable
because you have to bring your head out of the sand,
have a look and realise you’re maybe not where
you thought you were. You don’t have the team you
thought you had. It may be uncomfortable for directors,
managers, team members, shareholders, but please, you’ll
both know where you are with relevance to where you want
to be and we can help you do that –
I guarantee Team-Building can help you do that.
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