They say money can’t buy happiness. And they (whoever they are) are partly right. Money, specifically the amount you are willing to offer as a salary every month, is a big reason why prospective employees are drawn to your company in the first place. But it’s not what makes them stay in the long run.
We’ve talked about the benefits of team building before: it increases productivity, develops problem solving skills, improves communication and builds trust, which altogether translates into motivated employees.