No two companies are the same. They can differ in operations, workflow, and goals. However, all companies share a commonality in that they need the same components to achieve success.
As an entrepreneur, you should take note that a proper workplace, efficient operations, and open communications are only some of the many things that you’ll need to run a successful business. One more component that doesn’t receive the same amount of acknowledgment, especially in smaller companies, is a celebration. Many employers tend to focus too much on the productivity that they tend to neglect the thing that helps balance it out: enjoyment.
Not sure why you need to plan company events, complete with decoration, music, and office catering? Know the four main reasons why having company celebrations is beneficial to your business.
Recognition
Festivities bring pleasure and entertainment to the crowd, but these aren’t the only things that you can set as goals when you plan for company parties and events.
Another, amidst all the enjoyment of the crowd, is recognition. You can use large-scale celebrations to recognise and honour your employees and the things that they do to bring the company to where it currently is. Aside from that, it’s also an excellent way for you to mingle with the crowd, carefully building up close relations with the people that form your company.
By doing so, you’re showing that you care not only about their productivity but who they are as people as well. An astounding result of this is your employees developing loyalty to the company.
Morale
In business, morale pertains to how employees feel about their workplace. When there’s low company morale, productivity is affected negatively. This manifests in a slow workflow, tense interoffice relationships, poor teamwork, and low employee retention.
Even if your business doesn’t have bad employee morale, it’s still important to keep your employees happy. Hence, the need for parties, which allows your employees to remove themselves from their responsibilities temporarily.
Good food, good music, and good conversation — it doesn’t have to stop here. Another idea you can consider is giving away raffle prizes during end-of-the-year parties and other events. Doing this will give your employees more incentives to do their jobs and attend the celebration.
Relaxation
No matter the mission and vision of your company, it’s inevitable for your employees to experience stress at one point in their careers. Now, in moderation, this stress can be considered good since it motivates your employees and drives them to accomplish the tasks they have been assigned to.
But as we all know, it’s never good to be constantly stressed. It ruins our mental capacities, leaves our body weak to illnesses, and has us feeling anxious most of the time. While your employees can combat this outside the workplace, you can also help them occasionally unwind through company events.
It doesn’t even have to be regular parties, sitting down around tables and commemorating the business’ success. You can also opt for events outside of the workplace, like incentive trips, executive retreats, or corporate sports events.
Some may find that parties and other events are unnecessary expenses, but all of them act as investments to your company’s success. By taking care of your employees, you guarantee that they remain happy, loyal, and productive at all times.
