You would have had to have been on another planet not to know what a state the business world is in. Costs are higher than ever, consumer spending is down and the competition is even more cut-throat. Many businesses have been looking to cut their overheads and stop any activities that are not strictly necessary.  Company cars and credit cards have been taken away in many companies and advertising costs have been tightened dramatically. There is one area however that businesses should think twice about before axing, and that is corporate hospitality. Believe it or not, sending your team on more team building events may actually be the thing that saves your company. Here is why that might be the case:.

Keeping your best staff. Whenever companies are competing hard, they will always look to sniff out the best employees their money can buy. Rivals will be using every trick they know to entice your best staff, but if you are looking after them well and using team building days to improve staff bonding, you will stand a much better chance of keeping your key members. Additionally, corporate events such as a Henley Regatta hospitality day are always a strong persuader.

Keeping staff happy. Working relationships between management and staff are not one-way. Employers need to give back something to their staff for their hard work and loyalty, and this can be achieved by getting the team together outside of a working environment for team building days. Further to this, communication within a team is one area that greatly benefits from team building days and this has the knock on effect of improving efficiency


De-stress. Especially during these tough times, stress levels in business can boil over and cause massive friction. This is not good for any company and one simple way to combat this is to get your employees having fun and working on new challenges as a complete team that are not related to work. If your stuck for ideas you’ll find that corportate cooking is always great fun.