1. Builds and maintains relationships
Relationships are built and can be maintained by positive encounters with others. Communication will be key to this process – without effective skills, it will be difficult to properly construct and foster productive relationships.
2. Facilitates innovation
When employees feel comfortable in openly communicating new ideas, cooperation and innovation will be at an all-time high. In addition, if staff are unable to convey their ideas due to limited communication skills, it is likely that the idea will not be implemented to its full potential.
3. Builds an effective team
If open communication within a workplace is encouraged, a more cohesive and effective team will emerge. Good communication within a team also tends to boost employee morale. When employees feel that they are well informed of the company’s direction and vision, they will feel more secure within their role. Regular internal communication can also lead to an improved work ethic if staff are reminded of achievements and feel that they are working towards a common goal.
4. Managing employees
When managers are effective communicators, they are able to inform staff adequately of their responsibilities and what is expected from them. Good communication skills will also help managers to provide constructive feedback to their staff, build better relationships, and understand personal goals that staff may wish to work towards.
5. Contributes to growth of the company
A lack of communication can lead to the collapse of an organisation. Whilst that is a bold statement – without proper marketing collateral and communication internally and externally, most organisations will struggle to survive. Communication can also lead to productivity and helps to avoid miscommunication, misunderstandings and unnecessary delays in the implementation of policies.
6. Authentic transparency
When regularly communicating both internally and externally, organisations remain more transparent with their team and all stakeholders. This is important in building trust in your business, in your services and also internally when it comes to the trust that employees have in higher management.
If you are in need of a Bookkeeper, BAS Agent, Turnaround Manager, Turnaround Consultant, Turnaround Advisor, Turnaround Specialist, Business Transformation Specialist or looking into CFO services – vCFO (Virtual CFO) | Interim CFO | Part Time CFO | Full Time CFO | Interim CFO 5ivestar Business Services can support you through your business turnaround.
5ivestar Business Services are tax agents located in Carina Heights on Brisbane’s Southside. We service all areas of Brisbane, Ipswich and the Sunshine Coast for tax, BAS and bookkeeping. We also practice as virtual CFOs, take on interim CFO engagements as well and financial management, reengineering and restructures including business turnarounds and transformations and expert financial modelling.
Let’s chat about your business today https://5ivestar.com.au/contact-us
P: 07 3084 3692