I've never been to one where we had to cook the food. But in one of the companies I've been in, the management allocated a budget to teams so that they can have a team lunch every month. It was a nice experience, and people were always excited for it. Some would even plan and look for a good restaurant days before. I do think it helped keep team morale up.
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The team cooking the food is to get people interacting with people they may not normally engage much with, and get that happening in a social environment. It works well.
I figured. The only time that happens is when we have team building outings. The team rents a house somewhere, usually with amenities like a pool, billiard, and table tennis, and spend a night or two there. People will then bring food, cook, and bond.
Yep, that's exactly it. I assume there's some benefits for the team and probably for the business as well right?
Definitely. It strengthens teamwork and camaraderie. For the business, I guess happy employees stay longer. But the team outing isn't done every month, it is usually just a once a year thing.