Communication is the driving force that touches every aspect of a business. Leaders use communication to build culture, empower teams, meet deadlines, and increase productivity. Effective communication is found in every healthy environment and is vital to conflict management in the workplace. And the lack of communication, well, it can be found at the root of every bud of frustration and burnout.
It’s proven that businesses with effective communication have higher employee retention rates. If you have outstanding employees and want to keep them, focusing on creating effective communication is well worth the effort.
A 2017 Employee Benefit News study found that it costs a third of an employee’s annual salary to find a suitable replacement, which leads the to the conclusion that employee turnover not only affects a company’s culture, but also the bottom line.
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