The Secret to Higher Employee Productivity: Social Networking? [Infographic]

What is the secret to higher employee productivity?

When employees have the information they need, they can make better decisions, perform more I-socialmedia-ondemandproductively and ultimately help your company’s bottom line. In today’s world, one of the best ways for co-workers to communicate is through an internal social network — something like a Facebook or Twitter, except used by your employees only.

The infographic below highlights the amount of lost productivity as a result of communication problems. A business with 100 employees, for instance, spends about 17 hours a week clarifying communication. That translates to an annual cost of more than $525,000.

On the other hand, companies with effective internal communications had 47% higher returns to shareholders, and the majority of companies currently using social-collaboration tools say they would plan to use more in the future. The data comes from a variety of sources, including The ESN Surgey and Econsultancy.com.

The research further finds that companies are using enterprise social networking for the following reasons:

  • To share company best practices.
  • To facilitate collaboration.
  • To evolve company culture.
  • To identify expertise around the company.

For more about using enterprise social networking, take a look at the infographic below.

higher employee productivity

Created By Entrepreneur Magazine Editorial Staff

This post originally appeared on Entrepreneur.com and was republished with permission.