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Related Experiment Videos

Retreats: getting your money's worth.

S Winn

    Healthcare Executive
    |April 9, 1991
    PubMed
    Summary

    Corporate retreats represent a significant investment, with costs varying widely. Expenses can range from a modest $200 for local events to a substantial $450,000 for week-long offsite programs.

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    Area of Science:

    • Business Management
    • Organizational Psychology

    Background:

    • Corporate retreats are recognized as valuable investments for team building and strategic planning.
    • The financial commitment associated with organizing these events can be considerable.

    Purpose of the Study:

    • To outline the potential financial scope of corporate retreats.
    • To provide a cost spectrum for event planning.

    Main Methods:

    • Analysis of direct expenses associated with various retreat formats.
    • Data collection on cost variations based on event duration and location.

    Main Results:

    • Direct expenses for corporate retreats demonstrate a wide range.
    • Costs can start as low as $200 for simple in-town luncheons.
    • Extensive week-long events can incur costs up to $450,000.

    Conclusions:

    • The financial planning for corporate retreats must account for significant variability in direct costs.
    • Budgeting should consider the scale and duration of the planned event to accurately reflect potential investment.

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