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Although most organizational experts agree that teamwork is important to organizational success and profitability, its significance has ballooned over recent years. A recent article in the Harvard Business Review cited that the time managers and employees spend collaborating on work and projects has increased by more than 50% or more over the past two decades, and more than three-quarters of an employee’s time at work is spent communicating with others. Additionally, teams tend to solve problems faster, find better solutions and find mistakes more quickly than individual workers. This phenomenon is supported by research showing that those organizations with higher levels of collaboration not only have more productive and more satisfied employees, but not surprisingly, also show greater profitability. 

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Stuart Levine

Credit Union Times

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