Businesses are always looking for new ways to grow. Most companies will try coming up with new ideas in boardroom meetings. This traditional way of doing things often wastes valuable resources. The hoped-for increase in revenue does not materialize, and the vicious cycle continues.
One way forward is to look at things differently. Instead of trying to grow, you can search for ways to save money. One wasteful problem in business is inefficient internal communication systems. These ineffective processes can cost you $11 000 per worker, stopping your company from growing.
Most businesses think of internal communication as emails and telephone calls. Still, these days there are more options you can choose. Researchers estimate that companies send 124.5 billion business emails each day. The average office employee receives up to 121 emails per shift. Much information is going to get lost with this system.
Sound internal communication systems give workers the information they need. They also:
Many company leaders might think that benefits like positive company culture and increased employee engagement are pleasant by-products. Still, they are core factors in business growth.
Poor communication wastes money, and disengaged workers will not contribute to increased revenue. Workers who don’t know what to do or why they are doing it damage the bottom line.
Communication is the key to increasing employee engagement. Motivated employees save money.
Many disengaged workers are indifferent or even actively hostile to the company. They can cause damage in the long term.
Disengagement leads to:
Inadequate communication within your company costs you money, so you need to change it. Every business is unique, so one rigid approach is not right for all. The best strategy is to find out what your employees’ needs are and build a communication system around these needs that is right for your situation. However, there are core areas that you should examine:
HR KIT is a mobile employee engagement solution you can fit in your pocket. HR KIT can help your employees to feel part of something greater, increase their overall engagement in their work and feel proud to be a part of your company