Effective communication is essential for thriving organizations, especially as remote work becomes prevalent. Miscommunication can cost businesses with 100 employees about $420,000 annually. Leaders must view communication as a strategic two-way system rather than as a top-down approach. This involves engaging employees by soliciting their feedback and input, which fosters understanding and prioritization of key information. To maintain growth and company culture, organizations should prioritize clear and consistent communication across all levels.
The sound of crickets isn't always a sign of a peaceful night; sometimes, it's the deafening silence of unasked questions in a virtual meeting, or an email left unread in an overflowing inbox.
A 2024 report reveals that miscommunication costs companies with 100 employees an average of $420,000 per year.
Communication isn't a soft skill, but a strategic system. The next generation of high-performing executives will stand out by communicating clearly, consistently, and across every level of the organization.
You should rethink communication as a two-way system. This means creating space for questions and input from your team regarding the information being shared.
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