A smart way to promote team cohesion and increase productivity in your workplace is to plan a regular happy hour for your employees. These corporate events don’t have to be expensive or overly fancy to leave a positive impression. Here are some of the best reasons to host a corporate happy hour.

How Are Happy Hours Beneficial?

1. Make Employees Happier

Unhappy employees can cost your company a lot of money. Between the loss of productivity, staff turnover, sick days taken, and an increase in lawsuits, one unhappy employee could cost a company as much as $38,600 per year. This amount increases if there’s low morale throughout a workplace.

Make your employees happy by including perks for their hard work. An after-work happy hour is an easy way to help employees unwind and have fun. Employees can talk together and learn more about each other’s lives. A happy hour once a week or even once a month can make the difference between your employees feeling happy or unhappy about their job.

2. Celebrate Accomplishments

A happy hour can also be a reward for a long week of hard work. These corporate events can be seen as a way for the company to give back to the employees for all that they do.

Plan one of these events at the end of a busy period or the completion of a big project. You can take some time during the event to acknowledge staff members who have gone above and beyond to help your company thrive, giving them free drink tickets or other prizes.

3. Increase Productivity

Happy hours give employees time to mingle and form friendships. Teams that have a closer bond are generally more productive and positive about their jobs. They know each other more and can communicate in more helpful ways. Plus, it’s much easier to encourage productivity when morale is high after a fun happy hour celebration.

Are you looking for a spot to host your happy hour or another corporate event? Choose Starlite Lounge & Banquet Room in Lincoln, NE. This bar takes guests back to the era of the 1940s, and their cocktail lounge is a great place for employees to bond and unwind. They have a banquet room that can fit up to 56 people, and they offer appetizers, a full buffet, and an open bar. Visit their website or call (402) 475-8822 to make a corporate event reservation.