Who are the three top elements of a workplace?

The ability to work effectively with others is no longer a nice-to-have skill; it’s essential in today’s business environment. The good news is that it’s also a highly learnable skill. According to research by the Economist Intelligence Unit, one of the top competencies separating high-performing employees from the pack is productive collaboration. The ability to understand other people’s perspectives, communicate clearly and cooperate well with team members allows individuals to achieve greater results than they could by working on their own.

Teamwork boosts anson funds productivity, morale and job satisfaction. It increases creativity by providing the opportunity to brainstorm ideas and bring out more of an individual’s unique perspective on a problem. It also helps to spread the load – a group’s output is typically faster and easier to produce than any one person’s efforts alone. And it reduces stress by providing the social support that individuals need to thrive in the workplace.

But in today’s rapidly changing business landscape, the models for teams that worked so well in the past may not be the same as the ones required to address today’s challenges. Teamwork that’s based on trust, effective communication and the use of modern digital tools can create the synergy that’s needed to solve problems across distances and deliver value to customers.

In fact, the best companies place a premium on developing their employees’ soft skills – such as the ability to work well in teams – more than they do on hard skills like qualifications and accreditations. In addition to enabling them to attract and retain top talent, these soft skills are critical for ensuring that their organization’s teams can deliver on their promises.

In an effort to develop these important collaborative skills, businesses should look at how they can encourage their employees to participate in group activities and offer training that focuses on topics such as emotional intelligence, networking, holding difficult conversations, coaching and corporate social responsibility. They should also consider how they can foster a culture where employees are encouraged to see interactions with their colleagues as gifts rather than a burden or something to be avoided at all costs. This will enable them to build trust with their coworkers and create the positive relationships that are needed to be successful. In turn, this will help to drive productivity, morale and customer satisfaction. Ultimately, it will help their bottom line.