Today's corporate culture is a competitive landscape. The development of strong startups changed the way offices do their business and it's all about what you can do more than who you know inside the office.
Companies use competition to drive in more profit, close more sales, and generally boost the company's progress. Management consultancy firm McKinsey & Company, for example, is famous for its 'up or out' policy where stagnating employees are asked to leave the company. This policy has produced some of the world's leading CEOs and startup founders. Can this culture do the same for your company?
When done right, healthy competition has some very notable benefits. Here are three basic ones.
Increased Efficiency
Out-working each other in the office, in the spirit of healthy competition, can be considered a good team building activity. When put against each other, employees can be encouraged to find ways to be more efficient in their work.
They can even share their efficient work practices in the team, enabling the entire office to produce more outputs more efficiently. If you want to implement practices office-wide, you can create a controlled environment outside of the office, say book a productive time-off day in one of the many relaxing resorts in Davao City. In that way, you can practice efficient systems as principles before applying it to your actual work.
A More Skilled Workforce
When more efficient practices are shared with the team, it inevitably produces a more skilled workforce. As employees compete to be the best-performing member of the team, some may look for shortcuts, and others could be sharpening their skills.
After all, there's nothing better than being better. The most important result that you should look for in cultivating a culture of healthy competition is to develop a culture of sharing good practices rather than forcing employees to work harder for the sake of working hard. Today's workplace is not just about putting in work so employees could secure their jobs, it's a two-way street where the company reaps profits while enriching the skills of their workforce at the same time.
Reignites Excitement
There are a lot of things to do in Davao that companies can do to keep things exciting for employees—they can treat them to a wildlife appreciation day at Malagos Garden Resort, give them a raise every year, or simply acknowledge their efforts in helping the company's progress. But the excitement produced by competition is one that lasts longer and produces a more well-rounded result—the company is more productive, and the employees are given an avenue to be better individuals.
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