
Blog Post
How Great Teamwork Boosts the Bottom Line for Business
August 11, 2016 / Category: Communication

The tag on our logo is, “People, Passion, Profit.” We truly believe that each builds upon the other.
Profit is the fundamental goal and need of a successful business. Profit starts – with people. Having the right mix in your workplace and on your team is crucial not only for morale but for the corporate bottom line. Team harmony is worth its weight in gold. Businesses with high-functioning teams reap rewards in terms of return on investment. On the flip side, conflict among employees, even as few as two, has a detrimental effect on almost everything related to the workplace. Consequences include:- Decreased efficiency and productivity
- People avoiding speaking to other personnel or discussing sensitive subjects
- Wasted time and lost workdays
- Losing employees (either because they quit or are fired)
- Failed projects
- A worker calling in sick just five days a year translates to a direct cost of over $700 (based on average hourly earnings of $17.95)
- Replacing an employee costs 150 to 200 percent above their salary; for a mid-level employee that could mean more than $70,000
