MENLO PARK, Calif., July 26, 2017 /PRNewswire/ -- Corporate retreats – offsite events where employees, commonly executives, meet to discuss the business – offer organizations numerous benefits, with increased teamwork and employee morale chief among them, according to CFOs whose companies engage in them. But those organizations are in the minority: Four in five companies (80 percent) don't hold annual gatherings, a recent survey by Robert Half Management Resources found.
CFOs were asked, "Does your company offer an annual corporate retreat?" Their responses:
CFOs whose companies offer these meetings also were asked, "What is the single greatest benefit of having a corporate retreat?" Their responses:
Increases teamwork and morale
Provides an environment that stimulates new ideas and perspectives
Is a way to share the corporate vision and align teams around business strategies
Offers additional professional development opportunities
Enhances cross-departmental collaboration
Additional research findings include:
"The opportunity to go off-site, away from the day-to-day norm, to strategize for the company and connect with team members can yield significant business benefits," said Tim Hird, executive director of Robert Half Management Resources. "Events don't need to be elaborate, they just need to provide a dedicated forum for open discussion and team-building."
Hird noted that due to factors such as cost or time away from the office, corporate retreats may not be for everyone, but the value they provide applies to all organizations. "Companies that don't offer retreats should look for other opportunities to build teamwork, enhance innovation and align employees with business goals," Hird said.
Robert Half Management Resources highlights alternatives to traditional corporate retreats:
About the Research
The survey was developed by Robert Half Management Resources and conducted by an independent research firm. It is based on telephone interviews with more than 2,200 CFOs from a stratified random sample of companies in more than 20 of the largest U.S. metropolitan areas.
About Robert Half Management Resources
Robert Half Management Resources is the premier provider of senior-level finance, accounting and business systems professionals for companies' project and interim staffing needs. Customizing its approach for each organization, Robert Half Management Resources can provide a single consultant, a financial team or full-service consulting services, delivered through Protiviti, a Robert Half subsidiary. With more than 140 locations worldwide, Robert Half Management Resources works with companies of all sizes, including more than half of the top 100 companies from the FORTUNE 500®. For more information, visit roberthalf.com/management-resources.
SOURCE Robert Half Management Resources