It has been consistently demonstrated that effective communication plays a vital role in ensuring the success of individuals and organizations alike. It is the cornerstone of collaboration, trust, and productivity within teams, and it has a significant impact on employee morale and workplace culture. This article explores the importance of workplace communication and provides strategies to improve it.
In September 2022, the SEC issued more than $1.8 billion in fines across 16 financial companies because employees discussed trades and other sensitive information on their personal devices and apps. Now, one year later, the SEC is investigating the communication channels used by employees from more than a dozen major investment companies.
Before the onset of COVID-19, 60 percent of remote-capable employees worked in the office each day according to a survey by Gallup. When the pandemic ended last year, teams have transitioned to a hybrid environment.
Effective communication is crucial for success in any workplace. For the process to be effective, you need good speakers and good listeners. When someone is an ineffective speaker or a bad listener and communication fails, it can lead to misunderstandings, errors, and missed opportunities.
Employee turnover can have a significant impact on your bottom line. Employment professionals estimate that turnover costs between 1.5 to 2 times an employee’s salary. For every employee that quits who earned $100,000, your company could spend $200,000 in hiring and training costs—not to mention the lost productivity from other employees who need to pick up the slack.
Communicating effectively within a company is critical both for the organization, but also for the individuals involved. The most successful people on the planet are the best communicators. The most successful companies are those able to communicate their message in the most effective ways. At this point, the importance of communication in the workplace is unquestionable. However, it can be classified in several ways, depending on who, and how, is sending, and receiving the message.
The holiday season is also a season of vacations and time off. In fact, almost all (97 percent) of American workers expect to have Thanksgiving and Christmas off. New Year’s Day and Eve, Christmas Eve, and Black Friday are also popular days to close offices. During this time, many people use their vacation days and take a little extra time for themselves. As a result, your office goes quiet and so does your holiday communication.
July has just begun, which means summer is upon us—at least here, in the Northern Hemisphere 🙂 Kids are already out of school, sun is on full display, days are long and hot, and vacations are in the works. No doubt, this is an enjoyable season—but if you’re not careful, productivity can take a nosedive. Is your team ready?
For some people, working from home during the pandemic has been a dream come true. For others, not so much. According to Cigna, 61 percent of Americans reported feeling lonely in early 2020. Mental health experts believe that the number has increased significantly ever since due to prolonged social distancing and repeated lockdown. In time, people started losing their sense of community and became less engaged to their company’s life.
In the past year, more people have started working from home than ever before. The COVID-19 pandemic closed down businesses and many of those still standing strong are now working remotely. While most people are happy to work from the comfort of their own home, it also makes it difficult to separate work from personal life. In US, no less than 7 in 10 remote employees are struggling to achieve a healthy remote work life balance during this pandemic.
