According to an IBM study, 72% of employees don’t understand their company’s strategy and 44% feel that their manager doesn’t provide clear information about the company’s vision. The Harvard Business Review discovered that the turnover rate of companies with disengaged employees is 34%. While these numbers may be alarming, they’re all manageable with effective internal communications.
Yes, providing clear, concise, and relatable information to your employees on a timely and consistent basis can go far in improving employee work efficiency and reducing inefficient work practices. Initiatives as simple as distributing a monthly newsletter from top management keeping employees informed can lead to reduced stress and higher productivity rates overall. It may seem overly simple, or something additional you just don’t feel you can take on right now, but enhanced internal communications can make a huge difference for your company.
Powerhouse Planning can help. We offer internal communications services that can help you bring your business to the next level. Contact us today for details.