Why is Great Employee Communication ImportantWhy is Great Employee Communication Important
Maintain staff productivity
No news is definitely not great news from an employee communications standpoint. October 2008 research from Weber Shandwick showed that 71% of individuals felt that their company ought to be communicating more about present economic problems. Regrettably, the uncertainty caused by lack of internal communications may cause staff to be productive. In fact, Work Force Week reported that 48 percent of staff stated the economic uncertainty has caused people to be less productive at work.
Maintain operational effectiveness
Doubt because of a deficiency of effective internal communication can cause high performing employees to jump ship. Low esprit de corps within remaining staff can impact customer interactions and damage brand identity. Doubt may also damage the culture of a company's. Rivalry for resources that are internal can increase between (and inside of) sections. Focus can shift onto endeavors that 'look good' however don't actually give towards company aims that are real. Great worker communications can enable you protect your business culture, to keep your very best employees and maintain the robustness of your brand. As stated by the U.S. Department of Labor, it costs at least one third of a brand new hire's annual salary to replace them. It is a lot more cost-effective to retain customers that are prosperous and great staff than to replace them.
Retain earnings in Leadership communication skills a shrinking marketplace
It becomes even more vital that you drive organizational performance to increase your share of a shrinking marketplace in order to maintain revenues healthy if demand for your organization's products or services is reducing. In a competitive marketplace, organizations need to improve effectiveness over the business, to reduce process inefficiencies and also to be agile. Employee communications that are successful plays a crucial role in reaching these aims with an investment that is little in comparison to value gained.
Employee communication tips during an economic downturn:
Don't cut employee communications
When budgets are tight as well as the future seems doubtful a knee-jerk reaction can be to pull back to the simple essentials rather than try anything new. Organizations might be tempted to cut prices in regions including Internal Communications in a time when powerful employee communications are even more vital. Watson Wyatt's 2007/2008 Communication ROI Study showed that: "Powerful worker communication is a leading indicator of financial performance...a significant improvement in communication effectiveness is associated with a 15.7 percent increase in market value". Firms that convey effectively are also four times as likely to report elevated degrees of employee engagement as companies that communicate less effectively. Great employee communications also can help create an edge that opponents aren't likely to have. Competitors will be able to make proactive recommendations on things which have a communication part along with worker communications strategies that are suggested. Internal communications dislocation can be a primary source. As can slow moving, incorrect, or non-existent information and miscellaneous messages. Breakdowns cause people and procedures to under perform. An excellent internal communications team will help identify and eliminate the root cause of communications breakdowns.