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Uncovering the Hidden Business Costs of Poor Communication Do you know the cost of poor communication? According to research by Grammarly and The Harris Poll, it is estimated that U.S. businesses lose up to $1.2 trillion annually due to ineffective communication. Additionally, The Society for Human Resource Management (SHRM) reports that large companies lose an average of $62.4 million per year in lost productivity due to miscommunications. Poor communication can lead to: Reduced Productivity Increased Operational Costs Lower Employee Morale and Engagement Decreased Customer Satisfaction Negative Impact on Team Collaboration Loss of Revenue Decreased Innovation and CreativityLegal Risks and Compliance IssuesHigher Employee TurnoverDamaged Leadership Credibility The good news? By improving our communication skills, we can manage all of these losses. Learn more about what poor communication actually means, what and how it's costing us, and what we can do about it. About Our Speaker: Laverne Wilson
Uncovering the Hidden Business Costs of Poor Communication
Do you know the cost of poor communication? According to research by Grammarly and The Harris Poll, it is estimated that U.S. businesses lose up to $1.2 trillion annually due to ineffective communication. Additionally, The Society for Human Resource Management (SHRM) reports that large companies lose an average of $62.4 million per year in lost productivity due to miscommunications.
Poor communication can lead to: Reduced Productivity Increased Operational Costs Lower Employee Morale and Engagement Decreased Customer Satisfaction Negative Impact on Team Collaboration Loss of Revenue Decreased Innovation and CreativityLegal Risks and Compliance IssuesHigher Employee TurnoverDamaged Leadership Credibility
The good news? By improving our communication skills, we can manage all of these losses.
Learn more about what poor communication actually means, what and how it's costing us, and what we can do about it.
About Our Speaker: Laverne Wilson