7 Tips on How Managers Can Increase Employee Engagement through Communication Whitepaper Download
Employee communication can make or break your success as a leader and as a business. According to SIS International Research, organizations with roughly 100 employees could lose more than $525,000 annually due to ineffective manager-employee communication. For companies with 100,000 employees the costs have been estimated at over $60 million per year.
While those numbers seem staggering, our organizational alignment research found that companies with better communication practices and more timely information flow outperformed their peers in terms of revenue growth, profitability, customer loyalty, leadership effectiveness, and employee engagement. In fact 81% of companies that reported a high level of performance agreed or strongly agreed that information flow was timely. Conversely, 73% of low performing companies disagreed or strongly disagreed that information flow was timely.
So what can you do to ensure your communication with employees and across teams and functions is helping, and not hindering, overall strategy execution, performance, collaboration, and engagement? Follow these seven research-backed tips for managers to increase employee engagement through better communication practices.
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