Strong workplace communication policies provide firms with both quantitative and qualitative benefits.
Employees who believe their supervisors take the time to learn about their career aspirations and share their working triumphs have nearly three times the engagement rate as employees who do not have such managers.
These improved rates of involvement demonstrate how important good communication tactics can be for staff morale. Individuals are considerably more likely to stay at a business beyond the normal four-year tenure when staff morale is high. Other business outcomes are similar:
● Employees who see themselves as engaged are 59 percent less likely to ever consider looking for another employment.
● Employees who report that their team leaders and managers communicate freely and openly stay at their companies for more than 30 percent longer.
● Employee happiness levels rise in organizations that retain employee satisfaction and support initiatives such as improved workplace communication techniques. When happiness levels improve, so does worker productivity – according to some research, happy workers are up to 12% more productive.
Up to 43% of new hires leave their employment within the first 90 days. What’s the reason? Uncertainty about one’s role.
When an individual is unsure about their value-added contributions and position within an organization, they are less inclined to stay. Role uncertainty produces additional ripples. Turnover costs rise when departments struggle to fill positions and teams suffer as a result of unfilled roles and ambiguous duties.
● Job titles and actions must match if workplace communication is effective and consistent. It provides structure and clarity at the start of a task to combat ambiguity — and also on an ongoing basis, which is equally important.
● Individuals should: Good workplace communication describes daily tasks and contributions, as well as what those contributions mean for the overarching goals of the firm.
● For groups: Good workplace communication keeps teams informed about everyone’s responsibilities and accomplishments, allowing individual activities and projects to be coordinated.
● Concerning Departments: Good workplace communication allows entire departments to be more efficient and run more smoothly by keeping colleagues in the loop and tailoring processes to departmental habits, preferences, and needs.
Employee turnover can cost businesses up to $15,000 for each new recruit. In some industries, that figure is substantially higher, often exceeding 30% of the replaced individual’s annual income.
According to other research, roughly three-fourths of incidents when employees choose to quit a business are due to avoidable cultural difficulties.
Good workplace communication fosters an environment in which people desire to stay. Strong employee retention results in many institutional cost savings:
● Reduced recruitment expenses since fewer resources are required for ongoing job postings, interviews, and onboarding.
● Fewer instances of severance pay or extended benefits mean lower separation costs for an organization.
● Reduced role gaps and absenteeism help employees to learn, grow, and thrive in the business while lowering productivity expenses.