Wednesday, January 31, 2024

Firms with open communication styles - earn more !

 

SEPTEMBER 20, 2011 Tuesday
Companies Do Well if Workers Feel OK About Speaking Up
Companies rated by their employees as being in the top quartile in openness of communication delivered an average total shareholder return of 7.9% over a recent 10-year period, compared with 2.1% at companies in other quartiles, according to the Corporate Executive Board. Among 7 key indicators that the organization tracks in more than 130 companies worldwide, the one most strongly correlated with 10-year returns is employees' comfort in speaking up, even when they have negative things to say.
Source: Open-Door Policy, Closed-Lip Reality?

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