Organizing a team building is an excellent way to strengthen cohesion and team spirit. But what budget should you plan for a team building? We will cover 2 important points:
- 3 types of budgets and frequencies for team building
- How to calculate total cost
-
Low budget team building (less than €50 per person)
Budget team building activities include activities like board games , a Mario Kart night on a console, or inexpensive outdoor activities. These events are great for strengthening bonds without a big investment. Ideally, they can be organized two to four times a year. These activities keep the team dynamic without putting a big strain on the company's budget. -
Team building medium budget (Between €50 and €150 per person)
With an average budget, you can consider creative workshops, escape games, laser games or sports days. These activities offer more unusual experiences. This type of team building is recommended once or twice a year. It allows you to diversify activities and maintain employee engagement with more elaborate experiences. -
Team building big budget (More than €150 per person)
With a larger investment, you can organize seminars, corporate trips or team building activities with accommodation. These events are designed to create lasting memories and strengthen company culture. They are usually organized once a year, providing a memorable and meaningful experience for all participants.
How to Calculate the Total Cost of a Team Building
To properly plan your team building budget, it is essential to take several factors into account:
- Number of participants: The more participants, the higher the total cost will be.
- Type of activity: Costs vary depending on the complexity and resources required for the chosen activity.
- The Venue: Renting a space or hosting the event in-house can make a big difference in the budget.
- Logistics : Transportation, food, and accommodation if necessary.
For example, for a moderately budgeted team building activity with 20 participants, the estimate would be:
- Activity (escape game): €45 per person x 20 = €900
- Transport: €100
- Food: €15 per person x 20 = €300
- Total: €1,300
Remember that there is also the opportunity cost to consider but this can be greatly recouped with a successful event.
To learn more about team building activities with board games, visit this page .
By following these tips, you will be able to establish an annual budget adapted to your needs and organize effective and memorable team building activities.
