Why Keeping Employees Informed is Crucial for All Businesses |
Posted: March 20, 2024 |
Business owners have a lot to do and take care of when running a business, which means it can be challenging to manage everything even when they have a robust team handling things behind the scenes. Keeping everyone informed is one of the things that many business owners forget to do, especially when things get busy. However, keeping everyone informed benefits the business, its owner, and its employees. It Keeps Employees Engaged According to Gallup, employees are three times more likely to be fully engaged with their tasks if they receive frequent feedback from their managers compared to those who receive feedback once a quarter or less. Other research bodies have found that highly engaged employees are typically more productive. The increased output quality and quantity can lead to increased revenue and profits for businesses that keep their employees informed. It Makes Managing Crises EasierEvery business faces a crisis at one time or another. Employees remain one of the most important tools for getting through one, but they can only be useful for doing so if they are informed. Even though management might be able to handle some aspects of the crisis by itself, engaging employees can lead to an influx of ideas that could be crucial in helping management manage and get through one. The first step in doing this is using tools that help you tell employees what is happening quickly. For example, a company facing a cybersecurity threat might want employees to shut down all computers to limit malware propagation or data loss. Desktop alerts can be an effective tool for ensuring important information reaches employees, as they can be configured to require acknowledgement before being dismissed, making them difficult to overlook. Once everyone knows what is happening, management can bring everyone together for brainstorming sessions on handling the crisis and finding potential solutions that lead to the best outcomes. It Keeps Employees SafeEvery business owner should provide adequate training to ensure their employees remain safe. However, things change all the time, and the advice that applied yesterday might not apply today. Activities such as renovations and additions to the business property can put employees in danger which can be averted if they are informed of these developments as early as possible. Protecting employees from dangerous situations by ensuring they know about them can also decrease liability for the business. However, that only works if the business puts additional measures in place to minimize the danger, such as ensuring the work is completed as quickly as possible. It Can Lead to Higher Employee Retention RatesEvery business owner knows replacing employees, especially good ones, can be incredibly expensive. This is one of the reasons why it is so important to ensure high employee retention rates. Keeping employees informed about the big picture makes it easier for them to see how their skills and experience fit into it. Employees tend to want to stay longer when they see themselves as valuable parts of the business and the value of their work. Keeping employees informed can seem simple enough, but it can significantly affect them and the business. Business leaders can utilize various strategies and tools to ensure employees know what is happening and always have the information they need. Doing so has several benefits for the business and its employees.
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