Team Building: Trimming Your Budget Without Reducing Results

Many companies have a knee-jerk reaction. They cut team building whenever there is a decline in revenue or a period of turbulence. This is unfortunate. Solutions to a company’s most pressing challenges often come from tapping into the collective wisdom of the team. This is the power of team building.

Trimming your budget involves developing clarity about the essential ingredients for creating effective team building.

  • Executive Briefing
  • Team Briefing
  • Facilitated business simulation, exercises and cases
  • Debriefing
  • Business Application Exercises

If your budget is tight, be sure to build in these essential elements. Everything else(including recreational activities and entertainment) is a "nice to have" not a "must have" for creating effective team building.

For more information read Team Building: Back to Basics

To offer cost-effective team building:

  • Deliver all or part of your session on-site.
  • Reproduce participant material internally.
  • Brown bag it. (Provide pizza one day. On the other days, team members can bring lunch and snacks as they would on any other work day.)
  • Replace cases with hands-on "Apprentice-style" projects to resolve specific business issues.
  • Optional: Use an inexpensive conservation area, campsite, community center, or park for 1/2 a day of team activities.

For off-site team building, save by:

  • Offering it in your city or town to eliminate overnight hotel costs.
  • Avoiding the downtown core.
  • Selecting a suburban property or a small town inn within commuting distance.
  • Opting for double occupancy rooms.

Small groups can reduce the per person cost by offering a joint session with:

  • Other departments.
  • Suppliers.
  • Companies from other industries in your area. The debriefing and business application exercises will ensure that each company leaves the session with relevant "take-aways".

What strategies has your company used to trim team building budgets without reducing results?

blog comments powered by Disqus
Subscribe to our Monthly Newsletter
Receive updates on the latest trends, best practices, and strategies
to transform your meetings and events