Company events are oftentimes the first thing that a company axes from the budget as they find ways to save money for the upcoming year. According to Bizabo, 84% of leadership believes in-person events are a critical component of their company’s success. Whether you’re entertaining staff, potential clients, past clients, or celebrating an upcoming holiday, there’s always a reason to throw a company party.
Check out these 5 Undeniable Reasons You Should Host Company Social Events and why they can help take your business to the next level.
1. Validate Employees
Company social events and award ceremonies can be one of the most effective ways to validate a staff member. You can reward for exceptional performance and the way they embody your company culture. These types of awards allow for the employee to feel that they’re making an impact on the company and they begin to feel valued and heard. Occasional celebrations instill values to employees and reward them for their hard work and dedication.
2. Keep Employees Engaged
"When asked what leaders could do more of to improve engagement, 58% of respondents replies, "give recognition." (Tinypulse). The overall performance of staff members receiving this type of praise committed more to their work and increased work production. Employees that are engaged hold their job in high regard and have a direct impact to company culture.
3. Build Relationships
Company social events are a great way to establish a strong culture and bring the team closer. These events allow for different departments to network and break down walls within the workplace. Networking and forming relationships allow each employee to interact with each other and learn their strengths and weaknesses. Individuals that have formed a bond and become friends are more excited to come to work and do their job diligently.
The day to day in business with deadlines, meetings, customer demands can tend to get very stressful. Social events act as a way to recharge the entire company. It’s an avenue for everyone to take a second and enjoy their peers and really be in the moment. These types of activities are much needed to boost up employees and in turn, will yield great results and reduce employee turnover.
5. Boost Company Morale
The single most positive thing that a social event can provide is increasing employee morale, it increases the energy and chemistry with everyone in the company. If the chemistry is high and everyone is in great spirits, nothing but good fortune is ahead. Boosted company morale will lead to motivated efforts and an all-around fun work environment.