The best investment decision a business can make

Investing In Your Employees Is the Smartest Business Decision You Can Make
It’s one of those things that we all knew, but didn’t quite have enough data to paint a picture of: Most people are not happy at work. But, now we do, and the number is 85 percent. That’s how many people are dissatisfied with their jobs the world over, according to the "State of the Global Workplace" survey conducted by Gallup poll last year.

https://www.msn.com/en-us/money/smallbusiness/investing-in-your-employees-is-the-smartest-business-decision-you-can-make/ar-AAzl1bR?ocid=ABUSINV3P

While this in itself might be a depressing number, it points to almost $7 trillion in lost productivity the world over every year! Unfortunately the bad news doesn’t stop there. The true cost of replacing employees can be twice their base salaries depending on their wage, role and experience. The cost of replacing high performers who often deliver 400 percent more in productivity than their average counterpart can be higher still.

In other words, the measures businesses use to engage employees and evaluate their performance are not working, or worse, they're backfiring.

Unfortunate, but totally understandable.

There are many reasons that may explain why this trend exists. Some companies either willingly or unwillingly instill not-so-best practices that can make employees not just unhappy but downright dejected.

Often companies don't communicate properly. Or, worse, they just assume everyone already knows what they are supposed to do. In a survey of 400 very large companies titled the “Cost of Poor Communications," it was discovered that poor communication was costing each company tens of millions of dollars.

https://www.msn.com/en-us/money/smallbusiness/investing-in-your-employees-is-the-smartest-business-decision-you-can-make/ar-AAzl1bR?ocid=ABUSINV3P