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Statistic
Ineffective communication costs U.S. businesses $2 trillion each year
Axios: State of Essential Workplace Communications
View Statistic Source, Methodology, And Link
Publish year:
2023

Report Methodology

Axios surveyed 1,038 full-time employees and 540 leaders to discover how employees and stakeholders align on communication and put an end to lost time and productivity.

Why it Matters

Inefficient communication takes a significant toll on U.S. businesses, resulting in an astounding $2 trillion annual cost. This staggering financial burden underscores the critical importance of prioritizing effective communication practices within organizations. By addressing communication challenges, businesses can enhance productivity, collaboration, and overall performance, leading to significant cost savings and increased competitiveness.

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