Teamwork Makes The Dream Work

Teamwork at Market Mentors

Workplace camaraderie leads to increased performance, teamwork and retention rates


Chris Kendrick, Content Specialist
02.13.2018

It’s no surprise; happier employees do better work. When team members are satisfied and energized, they produce stronger results and put in the extra effort needed to meet their goals. However, too many executives believe that happiness is a function of salary, benefits or job title, rather than considering less obvious factors, like teamwork, that contribute to an employee’s happiness in the workplace.

One such forgotten factor is the element of teamwork and camaraderie. If you think camaraderie in the workplace is nice but not essential, know that feeling connected to one another can actually improve happiness and productivity in the office. Studies show that companies with a highly engaged workforce realize a 41% reduction in absenteeism and a 17% increase in productivity. Team bonding helps teams perform better, work more collaboratively, and boost employee retention rates.

Imagine walking into an office each day where you don’t really know anyone or don’t like the people you do know. You’ll probably want to bolt out the door as soon as you can! Conversely, when you are energized by your colleagues, you’re more likely to stay until a project is done and bring energy and enthusiasm with your work. When workers genuinely like each other, their work on team-based projects greatly improves. Communication levels on projects is higher when workers play off each other and defer to those who have stronger ideas and more experience. Also, workers  connected with their co-workers and engaged in their work are more likely to remain with the company in the long term.

Camaraderie Indicative of Leadership

Camaraderie is the spirit of trust and friendship, and a crucial indicator of successful leadership. Leadership is a social process used to engage a team of colleagues to meet and overcome challenges. Studies show the best organizations engage their workers through camaraderie, which can be nurtured through four leadership behaviors. The best leaders:

  1. Regularly express appreciation to associates for their work and team efforts.
  2. Make a habit out of soliciting ideas from colleagues and use the collective ideas and energy of the team.
  3. Communicate transparently. Transparency and participative management foster teamwork and trust.
  4. Take a genuine interest in the careers of their workers. Mentorship breeds camaraderie.

How to Build Teamwork

Workplace camaraderie is an important environmental necessity within a company. When a team grows together, enjoys each other’s company, and supports each other’s strengths, it grows stronger. Here are some ways you can help build workplace camaraderie:

  • Create a company culture that is open to relationship building. An employee who is a good culture fit believes in the company’s mission, upholds its values and meshes well with team members. Employees who feel at ease in the office are more likely to engage in deeper, more meaningful conversations with co-workers.
  • Encourage group participation in projects. Teamwork means helping each other by working together to achieve the same goal, which is the success of the company.
  • Set up socializing time. Socializing after hours encourages people to share stories about themselves. At Market Mentors, we recently took a team trip to the City Steam Brewery and Brew Ha Ha Comedy Club for a night of food, fun, and laughs!

Working with Your Friends

In grade school, teachers wanted you to do your work on your own. The opposite is true in the workplace. Research shows that workers are happier in their jobs when they form friendships with their co-workers. Employees report that when they have friends at work, their job is more fun, enjoyable, worthwhile and satisfying. A Gallup poll found that close work friendships boost employee satisfaction by 50% and people with a best friend at work are seven times more likely to engage fully in their work.

Andrew Carnegie summed it up nicely, “Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows the common people to attain uncommon results.”

At Market Mentors, our teamwork drives results for our clients! Find out how our team and your team can work collaboratively!

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