TEAM BUILDING STATISTICS 

How Much Does Trust, Communication, Engagement, and

Recognition Affect TEAMWORK and Team Culture?

“The only COMPETITIVE ADVANTAGE

we have is the CULTURE

and values of the company.”

 Howard Schultz, CEO of Starbucks

Below are a collection of statistics on recognition, collaboration, and trust that demonstrate how “soft” skills have a HUGE effect on your bottom line.  

If you are seeking to improve productivity in your organization, the research-based numbers below are a valuable reminder that the success of your STRATEGY is always going to be determined by the quality of your internal team CULTURE. 

TEAM CULTURE STATISTICS:

75 percent of survey participants said that the most stressful aspect of their job was their immediate boss

– McKinsey, 2020

15% of job seekers declined a job due to the company’s culture.

– Builtin, 2021

Motivated workers outperform those with low  engagement by 202%.

– Business2Community, 2021

Managers are responsible for 70% of deviations in team engagement.

– Gallup, 2018

Millennials prioritize ‘people and culture fit’ above everything else.

– HBR, 2021

Companies that build a positive culture could see a 400% growth in revenue.

– CultureIQ

Happiness raises business productivity by 31%.

– Bonusly, 2019

69% of Millennials are concerned their workplace does not develop leadership skills

– Apollo, 2022

Highly engaged business units see a 41 percent reduction in absenteeism and achieve 59% less employee turnover.

– Gallup, 2018

 “The ENVIRONMENT that a TEAM operates within is

key to its success and cannot be ignored.”

– DELOITTE INSIGHTS

TEAM COMMUNICATION STATISTICS:

Only 5.9% of organizations communicate their goals on a daily basis.

– Bit, 2018

97% of workers and employers believe that the lack of team alignment influences the success of a task or project.

– Clear Company, 2020

Overn 50% felt lonely from communicating primarily via computer.

– Aiir consulting, 2020

Effective communication generates 4.5 times higher talent retention.

– Bit, 2021

80% of employees feel stressed due to ineffective communication.

– GoRemotely, 2020

50% of positive changes in communication patterns in the workplace can be credited to social interaction outside the workplace

– Kenexa, 2019

Connected teams demonstrate a 21% increase in profitability.

– Gallup, 2020

RECOGNITION STATISTICS:

79 percent of people who quit their jobs cite ‘lack of appreciation’ as their reason for leaving.

– O C Tanner, 2018

Recognizing quality work and achievements increases profits by 29%.

TeamStage, 2022

Only a third of US workers receive weekly recognition for their work.

– Bonfyreapp, 2021

Employee happiness can increase productivity by 20%.

– Atlassian, 2020

63% of employees feel like they don’t get enough praise.

– OfficeVibe, 2020

 

More than 40% of employees feel that they would give more energy at work if they were recognized more.

– HBR, 2016

Peer recognition has 35% more positive impact than manager-only.
52% of employees feel rewards aren’t aligned to organizational goals.
 

“Team Building Is The Most Important

Investment You’ll Make”

– Forbes Magazine

COLLABORATION STATISTICS:

Teams with connected employees see productivity increase 20-25%.

– ExpertMarket, 2021

97% of workers believe that communication impacts tasks every day.

– ExpertMarket, 2021

Miscommunication costs 100+ employee companies $420,000 per year.

– ExpertMarket, 2021

86% of employees and executives cite lack of collaboration or ineffective communication for workplace failures.

– SalesForce, 2017

Employees who acted collaboratively stuck at their tasks 64% longer

– Forbes, 2018

Workplace collaboration can increase successful innovation by 15%.

– PGI, 2020

Collaboration increases individual loyalty to an organization by 33%.

– Bit, 2021

39% of surveyed employees believe that people in their own organization don’t collaborate enough

– Vizix, 2020

TEAM TRUST STATISTICS:

Employees at companies with high-trust report:

…74% less stress and 13% fewer sick days

…106% more energy and 50% higher productivity

…76% more engagement and 40% less burnout

*HBR, 2017

85% of people believe trust is important to have a high-performing team.

– TrustEdge, 2020

45% percent of people said lack of trust in leadership was the biggest issue impacting their work performance.

– Tolero, 2020

2/3 of Americans want to be trained in people skills over technical skills.

– TrustEdge, 2020

A highly engaged workforce has 21% higher profitability.

– Gallup, 2018

WORKPLACE CHANGE STATISTICS:

The brutal fact is that about 70% of all change initiatives fail.

– Harvard Business Review, 2020

Nearly 75% expect to increase the types of major change initiatives they will undertake in the next three years

– Gartner, 2020

 46 percent of CIOs report that culture change is their biggest barrier to success.

– Gartner, 2018

31% of CEOs are fired for not managing organizational change well enough.

– Forbes, 2015

69% of the most effective change programs offered training before and after go-live

– Google, 2019

READY TO IMPROVE YOUR TEAM CULTURE?

CONTACT SEAN ABOUT AN EVENT FOR YOUR PEOPLE!