Boost Revenue: Transform Your Internal Communications

In the face of inflation, economic unpredictability, and thriving remote workforces, Clear and consistent communication from leaders to employees is more vital than ever.  

The predicament, however, is that many executives confess that they were never trained to communicate proficiently, effectively, or advantageously—especially in the rapidly evolving landscape of digital workplaces. 

Undeniably, leaders invest significant time—around 3 to 10 hours weekly—crafting essential communications for their employees. But when these communications are disregarded or fall short of their objectives, both time and effort go to waste, leading to dwindling morale, lost sales, and unmet goals. Consequently, organizations in the U.S. alone face an annual drain of $2 trillion due to low productivity and wasted work hours. 

Addressing the root causes—misalignments and communication breakdowns—may prevent these metaphorical fires from ever igniting. 

The Benefits of Robust Internal Communications 

Over 80% of employees value open communication over mundane perks like free meals and appealing health insurance. Investing time and resources in updating a company's core communication strategies can result in these major breakthroughs: 

• Enhanced employee engagement: Well-informed workers are 2.8 times more likely to be engaged, leading to 23% higher profits in positively engaged business units. 

• Improved alignment: Employees receiving daily feedback from managers are 2.1 times more likely to trust their leaders. 

• Superior independent decision-making: Swift decision-making and implementation within the workplace directly correlate with better financial returns. 

• Enriched teamwork and collaboration: 80% of employees at collaborative organizations feel prepared to face challenges, and 55% report revenue growth, nearly double that of less cooperative firms. 

Together, these outcomes yield highly engaged teams that swiftly make intelligent decisions rooted in transparent and impactful communication. 

The Perils of Feeble Internal Communications 

The Great Resignation and the phenomenon of "quiet quitting" emphasize the danger of an unsupportive culture, employee discontent, and eventual burnout. Regrettably, many organizations fail to invest sufficiently in internal communications, resulting in these setbacks: 

• Lower engagement: In recent times, employee engagement in the U.S. has experienced a decline, falling to 21% in 2022. Poor internal communication plays a significant role in this disengagement. 

• Weaker retention: The intangible effects of inadequate communication can place top talent at risk—the annual turnover cost for a 100-employee company is roughly $2.6 million. 

• Decreased productivity: When communication falters, campaigns, projects, and objectives suffer. Employees attribute communication barriers to project delays (44%), missed goals (31%), and lost sales (25%). 

• Eroded trust: Vague or withheld communication from leaders undermines employee trust in the organization, resulting in doubt and misalignment. 

Elevating Your Internal Communication Strategy 

Top-level executives need direct channels of communication with managers and individual contributors. Access to open communication fosters a sense of being seen, heard, and respected as organizations scale. 

To upgrade company-wide communications: 

• Survey your audience discern their needs and preferences for communication formats. 

• Assign a unique purpose to each communication channel, ensuring employees keep well-informed and engaged. 

• Share context and customize communication, offering tailored messages to each audience. 

• Establish feedback loops to maintain open channels and facilitate a receptive culture. 

Sparrow Connected: Your Internal Communication Partner 

Sparrow Connected is equipped to facilitate your company's journey towards revamping internal communications. By offering expert-driven solutions, we empower your business with the tools needed to optimize communication strategies, align teams, retain top talent, and unlock unprecedented revenue growth.  

Experience the full potential of Sparrow Connected's seamless, data-driven approach to internal communications by booking a demo today! Let's work together to connect with your employees like before. 

What’s Next?  

• Steering into the Future: 7 HR and Internal Comms Trends Shaping 2024 
• 10 Tips to Make Internal Communications Content More Engaging  
• A Guide to HR and IC Metrics for C-Suite Success