HR Scoop Archives for February of 2023

How to Add Half a Million Dollars to Your Bottom Line

Published 02/20/2023

What to add a 1/2 $million to your bottom line? Sound good. How can I get that? The short answer? Communication. Effective, relevant, and timely communication.   A study conducted by SIS International, a global marketing research company revealed that 70% of small to mid-size companies consider ineffective communication to be their primary problem. SIS’s research further shows that a business with 100 employees will, on average, experience 17 hours a week clarifying, correcting, and other-wise managing mis-communication. This amounts to an annual cost to a business of $528,443.    Effective communication is hard. It seems that the more ways we have to communicate (in-person, email, text,...