Teamwork is one of the fundamental components of a company’s success. Quick and professional collaborative work grants businesses the ability to deliver high-quality products and services on time. However, forming a flexible and friendly team is a fine science. All employees are different and, as a result, everyone needs a personalized approach. At the same time, all team members should be instructed on how to act as a single organism.

So, what’s the secret behind a productive team, and how do you build one within  your organization? Read on to find the answers.

What is a High-performing Team?

People working on a common project in one room doesn’t mean that they are a team. When we refer to a team, we are talking about qualified professionals who share the same values and strive to achieve a common business goal. Such workers know how to solve the problems efficiently and demonstrate a prominent level of communication and cooperation, providing the expected results.

What to Consider When Building a Team

  • 1) Team size: One of the most common mistakes when building a team is gathering a large number of members. Groups of more than seven people, in most cases, experience poor coordination, increased stress and low productivity. This happens because some tasks remain incomplete due to the workers who don’t take the initiative, assuming that “someone else is responsible.” In addition, based on data, large teams are more likely to face coordination and communication issues. Thus, a team of five to six specialists is a golden mean.
  • 2) Diversity: Over the past few years, business owners have focused more on building diverse teams. This includes hiring people of different genders, ages, nationalities and from other underrepresented groups. When forming your perfect team, pay special attention to the employees’ life stories and their individual differences. Remember the most creative ideas are usually born in teams characterized by a diversity of views.
  • 3) Interaction: As Peter Schutz, Porsche’s former chief executive officer, famously said, “Hire character. Train skills.” While candidates’ job experience is significant, the ability to interact with their peers should not be underestimated either. You need to understand their level of emotional intelligence. How well can they deal with conflicts and complaints? In what way do they react to critics? It’s a great practice to explore employees’ behavior and reactions to stress.

How to Create a High-performing Team

1. Set up effective lines of communication.

Communication is one of the most significant aspects of strong teams. A lack of understanding of how to communicate effectively in a group can cost your company time and money. When managing your team, make sure all employees have direct communication lines with one another. This can lead to increased employee motivation, productivity and profitability.

Teams that communicate regularly clearly understand the common goal and can support each other without competition. What’s more, it ensures projects don’t stagnate, and the working environment becomes flexible, creative and passionate. Effective communication generates 4.5 times higher talent retention.

2. Create a clear mission.

Your company’s success and teamwork begin with a well-defined mission statement. This factor plays a crucial role within every industry.

For example, all noble sports teams have achieved significant results and victories because they had a clear plan and mission uniting all players. The same works for Amazon and Google. These giant corporations have pretty different ways of managing employees, but they both get prominent results since all their employees have a clear corporate vision and mission. They know who they are, where they are moving up the career ladder and what they want to achieve.

The correct mission statement creates a common goal that allows teams to get the desired results.

3. Share your feedback regularly.

Feedback is vital to your team as it helps all employees see their contribution to the project success and understand how company leaders estimate them. When you communicate openly and share honest feedback to each team member, you provide valuable experience that keeps your team united.

4. Contribute to employees’ professional development.

The more you invest in your team, the better your business’ bottom line will be. Consider the following ways of improving your employees’ expertise and overall job satisfaction.

  • Training: Professional courses, webinars and conferences allow team members to stay on top of the latest knowledge and skills pertaining to their field.
  • Possibilities and perks: Try to meet employees’ needs and engage them within your company. In addition to basic offers like free snacks and corporate events, think about the more advanced privileges such as gym memberships, game rooms and more.
  • Appreciation: Always thank your team members. You will be surprised to learn how effective the simple phrase “well done” can be.

5. Track projects’ progress.

Project process tracking is an integral part of a productive work process. When you and your team know how much time is devoted to a specific task, what goals need to be achieved and who is responsible for the tasks, you are on the right path to achieving your objective. Further, properly organized progress tracking allows your specialists to quickly identify which parts need to be improved upon, as well as bottlenecks that are preventing the project from development.

As you can see, a high-performing team plays an essential role in overall business growth. Using these fundamentals goes a long way towards building a friendly and professional team that can do a great job. The time you invest in establishing the environment your team needs to triumph pays off exponentially regarding long-term success and productivity.