Be it in sports or business, the concept of teamwork is one that is often thought of as a fundamental principle. Working in teams often requires special skills, particularly in terms of working with others, reporting to the team and being able to delegate responsibilities. For those who can master these skills, there are a number of benefits associated with teamwork, especially in a business environment.
The very nature of teamwork is that groups of individuals work together, often working independently on an individual task that fits into a larger task that the team is completing. This allows you to assemble a team of individuals who each have unique attributes to assist with the project. Work can then be delegated based on a person's individual expertise.
For example, you may assign one person to research, another to marketing and another to presentation, depending on the particular strengths and weaknesses of each individual on the team. The allows you to make the most of each person's talents, without the progress being hampered by any individual weaknesses.
It is often easier for someone to learn a new job if they do so by working as part of a team. This allows them to benefit from observational learning when they witness the task being performed. Employees also benefit from the corrective supervision that comes with working as part of a team with those who are more experienced in the job.
Because of the nature of working in groups, everyone in the team benefits from the knowledge and experience of the others that they are working with. The result is a smarter staff that offers expertise on a wide range of topics.
The benefits that the company receives from teamwork are immense. Teamwork improves the overall productivity of the staff, thereby reducing the amount of time it takes to complete or implement a project. Since the workload is distributed across multiple employees, stress levels are reduced and the company can expect to see a lower amount of turnover. This means fewer resources are wasted on training employees who ultimately leave to work elsewhere. Many employers also believe that the stress reduction will have a long-term impact on health-related costs.