According to a Holmes (a voice of the global PR industry) report, the cost of poor communication has hit an overwhelming $37 billion annualy. Also, 400 surveyed corporations (with 100,000 plus employees in the U.S. and U.K.) estimated that communication barriers cost the average organization $62.4 million per year in lost productivity.
On the flip side, this same report found that companies with leaders who possess effective communication skills produced a 47 percent higher return to shareholders over a five-year period.
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