W
HY
I
S
E
MPLOYEE
C
OMMUNICATION
S
O
I
MPORTANT?
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In today’s ever-changing world of business, employee communications aregrowing in importance.
~60% of corporate CEOs reported spendingmore time communicating with employees. Why is this so important?
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First of all, the
large numbers of downsizings and layoffs
has taken itstoll on employee loyalty. Employees are more hardened to the
realities of a job market dominated by technical change that reduces humanlabor. Employees realize that, in today’s climate, EVERY EMPLOYEE ISEXPENDABLE, and there is no such thing as “lifetime employment.”
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There is a widening gap between the pay of senior officers and commonworkers. In 2004, the average CEO pay to worker pay ratio was 431-to-1.
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There is a move toward globalization. When coupled with the advancement of technology, organizations have become more aware of the importance of communicating the opportunities and benefits that will enhance loyalty andsupport among worldwide staffs.
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Finally, the bottom line:
Research indicates that companies thatcommunicate effectively with their workers financially outperformthose who don’t.
One study found that companies with the most effectiveinternal communications programs returned 57 percent more to theirshareholders than companies with the least effective programs.
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