Numbers on team performance from world known studies
To reconsider and evaluate our own team performance, keep in mind the following illustrative data on team performance:
Only 41% of respondents, according to the 2019 Global Human Capital Trends survey, said their firm was successfully leading. That is much more mistrust than most people would imagine.
In a global Harvard Business Review study reported in February 2021, 89% of employees reported that their work life was growing worse, 85% that their wellbeing had dropped, and 56% that their job responsibilities had worsened.
40% of the global workforce is considering leaving their employer this year, and employees are rethinking everything from who they want to work for to the support that businesses should provide for their goals and values.
According to a McKinsey study, investors generally agree that, aside from financials, the strength of a team and how it is managed are the most critical factors to consider when evaluating an IPO.
High-performance businesses benefit from productivity. Teams with high commitment are 56% more productive than teams with low commitment.
Companies that create high-performance rewards from profitability. Teams that perform better and are more accountable are almost 2 times (1.9 times) more likely to generate earnings above the median.
How are things going in your own company in terms of these team performance aspects? Tell me in the comments section below.