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THE COST OF POOR COMMUNICATION
A SHRM study looked at 400 large UK and US companies (100,000+ employees)
The average cost per company in the SHRM study
The cost for small companies (less than 100 employees)
The total cost of poor communication
$26,000
cost of poor communication
$62.4M
PER EMPLOYEE PER YEAR
PER COMPANY PER YEAR
$420,000
PER COMPANY PER YEAR
ABC BANK
$37 BILLION
(according to Holmes)
A study by the Economist Intelligence Unit shows how poor workplace communication results in: Failure to complete projects - in 44% of the cases Low employee morale - in 31% of the cases Missed performance goals - in 25% of the cases Lost sales - in 18% of the cases
© SAYWHATENGLISH.COM
BACK TO BLOG
THE COST OF POOR COMMUNICATION
A SHRM study looked at 400 large UK and US companies (100,000+ employees)
The average cost per company in the SHRM study
The cost for small companies (less than 100 employees)
The total cost of poor communication
$26,000
the cost of poor communication
$62.4M
PER EMPLOYEE PER YEAR
PER COMPANY PER YEAR
$420,000
PER COMPANY PER YEAR
ABC BANK
$37 BILLION
(according to Holmes)
A study by the Economist Intelligence Unit shows how poor workplace communication results in: Failure to complete projects - in 44% of the cases Low employee morale - in 31% of the cases Missed performance goals - in 25% of the cases Lost sales - in 18% of the cases
© SAYWHATENGLISH.COM
BACK TO BLOG