Ineffective communication costs U.S. businesses $1.2 trillion annually, or $12,506 per employee, pointed out by Grammarly Business’s latest State of Business Communication report, published in early March. But are leaders receiving the message that urgent improvement is required?
The Grammarly Business survey of 251 business leaders and 1,001 knowledge workers suggested connection problems are growing. Time spent on written communication grew 18% compared to 2022, while worker stress levels were 7% higher due to poor communication, and this caused a 15% decline in productivity.
Further, the research, conducted in partnership with The Harris Poll, showed that workers spent over 70% of their working weeks communicating on various channels. Yet 58% wished they had better tools to streamline communication. “Leaders who shrug off the massive impact of poor communication on their bottom line will lose,” argued Matt Rosenberg, Grammarly’s chief revenue officer and head of Grammarly Business.
Rosenberg said that the results of the second annual report indicated the challenge was growing, causing a “greater impact on everything from operational efficiency to employee and customer satisfaction.” As a result, he urged a rethink of communications strategies. “At a time when the stakes are critically high, leaders who invest in empowering efficient, consistent communication across their organizations will see results and profits climb.”
The full version of this article was first published on Digiday’s future-of-work platform, WorkLife, in March 2023 – to read the complete piece, please click HERE.
Oliver Pickup 