Whether you’re an active investor who craves the thrill of the open market, or you’re someone who is simply dutiful in contributing toward your 401K every two weeks, a global stock plunge can inspire feelings of helplessness and anxiety. You try to do the right things and make sound business decisions, but forces beyond any one person’s control can still have a detrimental effect on your financial outcomes. It’s that way not just with investing, but the world of work in general. The good news is we have more power to mitigate uncertainty in our offices than we do on the trading floor, and effective leadership communication is the key.

Communication As Your First Defense

When employees are left to guess about the health of their company or the security of their jobs, work quality often suffers. Many workers view silence from management as a sign of dissatisfaction or affirmation of low performance from management. Product and process changes that appear without warning can also lead to questions about a company’s goals, plans, direction, and how the employee fits into that scheme. Maintaining effective leadership communication can alleviate any nerves, reassure employees that they and the company are on the right path, and acknowledge good work to encourage more.

How to Facilitate Effective Leadership Communication

Set a goal to evaluate your current leadership communication techniques and figure out ways to fill any gaps. Doing so can help your team be more successful and your managers be more effective. Having clear channels for effective leadership communication that foster teams that embrace open feedback could play a large part in successful performance conversations. When setting this goal, ask your employees for their feedback and gain their perspective on how communication can improve throughout the whole team. By using the given information, it will guide your managers to create a better communication process for all.

Effective leadership communication involves regular collection of feedback from team members; seeking feedback throughout all levels of the organization helps employees understand that their contributions matter. You may even consider establishing a rotating employee representative to participate in business planning and strategy sessions.

To learn more about the ways Caliper can help transform your performance management conversations and help you craft effective leadership communication company-wide, reach out to our experts today to get started.