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Importance Of Teamwork At Work: 6 Solid Benefits

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Effective teamwork is what runs a business. When people are able to successfully collaborate together, the results are often far superior to that of a person working alone. This is why we highly advocate the importance of teamwork in the workplace.

So, exactly what is teamwork? In simple terms, teamwork is when a group of people work together as a team to achieve a common goal.

Look back at some of the greatest things accomplished and you’ll find that a good team was behind it.

It’s not a mystery. Effective teams will influence strong working relationships which in turn will promote better results.

That’s why we want to highlight the importance of teamwork in the workplace through these 6 benefits that it offers. Let’s take a look:

What Everyone Should Know About The Importance Of Teamwork

importance-of-teamwork
(Source)

1. Brings Fresh Ideas To The Table

A lone employee can only think from the perspective he is accustomed to. However, add some new team members to the mixture and you get different viewpoints to solve a common problem.

Teamwork promotes maximizing the sharing of knowledge and ideas. This, in turn, helps individual team members to learn new skills and gain a better experience. A McKinsey study found that, teams made up of members from diverse backgrounds (gender, age, ethnicity, etc.) are more creative and perform better by up to 35 percent. Instead of looking at an issue from your individual viewpoint, you get to understand the overall picture. This leads to an exponential increase in new ideas.

Additionally, when people work alone the enthusiasm to innovate may dwindle along the way. However, when you’re part of a team, the sense of collaboration and accountability makes employees constantly bring forth their best work.

2. Combines Individual Skill Sets

In an employees’ work-life, he will shine in some areas whereas fall short on others. However, another employee may excel in that very same skill set.

Often, to work together as a team means to rely on each other to bring your individual strengths to the group. An effective team is nothing more than a group of people who complements each other skill sets. While one team member might be superior in creativity, another might be excellent in goal setting.

Employees often have their blind spots about their own strengths and weaknesses. When employees work together as a team, they become more aware of their behaviors. Additionally, effective teamwork promotes discovering new skill sets you can hone. For example, you might be a good communicator but it was never utilized until you became part of the team.

3. Lesser Work-Life Induced Stress

94% of American workers report experiencing stress at their workplace.
-Wrike

Stress is a silent killer. The repercussions of having a stressful working environment are huge. Not only will it affect your productivity but also your physical health too.

Many studies show a positive impact on stress through collaboration. Let’s look at the study done at school teachers:

  • Teachers who collaborate often report higher levels of job satisfaction, increased confidence in their abilities, and a higher feeling of value. (Barshay 2014)
  • *Teacher collaboration also reduces the sense of isolation and can reduce the workload by combing resources and focusing on common goals. (Hanover Research 2015)

Being part of a team assists the team members to not only share their workload but also to inspire each other. Connecting with other team members can largely impact the levels of stress. It is because employees work better by connecting with coworkers who can share their difficulties as well as offer solutions.

4. Teamwork Promotes Taking Risks

A solo employee feels better about sticking to safer options. While he might play by the rules but his sense of innovation will most likely suffer.

However, upon being part of a good team, an employee feels more confident and secure to take the said risks. When people work within an effective team, they know that they have the necessary brainpower to look for different solutions. It enables people to think outside the box and come up with fresh ideas and innovations.

Subsequently, a good team promotes trust among its team members. When the team, works as a joint unit they are more likely to take bolder decisions and display better productivity. This further enables team members to grow, both, individually and professionally.

5. Peer Recognition Makes Them Go The Extra Mile

Peer-to-peer recognition is 35.7% more likely to have a positive impact on financial results than manager-only recognition.
-SHRM

The importance of teamwork can simply be explained by this point. We all, at some point, want to feel accepted by our peers.

Getting appreciation from your peers is very important in the workplace. However, its effectiveness to engage employees is greatly overlooked. An individual working alone will not only feel demotivated but also underappreciated without the necessary peer connection. Getting suitable respect and recognition from fellow team members is a major way to make your employees go the extra mile.

6. Employee Retention

54% of employees say a strong sense of community (great coworkers, celebrating milestones, a common mission) kept them at a company longer than was in their best interest.

Top performers require a challenging working environment to develop and advance. Needless to say, for such employees, their work experience takes precedence. Being part of a team, where they can collaborate and learn with other team members, seems to be a strong motivator. When an employee feels a sense of camaraderie with their peers, they are more likely to stay loyal to an organization.

Finally

The importance of teamwork goes far beyond the scope of this article. A good team, just like Steve Jobs and Steve Wozniak, knows how to collaborate together to create something amazing. If you’re not investing in developing your teams, I highly recommend starting now.

According to you, which benefit manages to best highlight the importance of teamwork? Tell us in the comments below.

This article is written by Barasha Medhi who is a content marketer at Vantage Circle.She is always on the lookout for interesting tidbits about the current HR and employee engagement space. For any related queries, contact editor@vantagecircle.com

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