Lack of Communication Top Management Mistake

In a new Accountemps survey, 41 percent of chief financial officers (CFOs) interviewed said lack of communication between staff and management is the most frequent misstep companies make in managing their teams. Lack of recognition and praise was cited by 28 percent of respondents.

The survey was developed by Accountemps, a staffing company for temporary accounting, finance and bookkeeping professionals. It was conducted by an independent research firm and is based on interviews with more than 1,400 CFOs from a stratified random sample of U.S. companies with 20 or more employees.

“Employees want to be kept in the loop and feel appreciated,” said Max Messmer, chairman of Accountemps. “An organization can only be successful if its employees have the information and support they need to do their jobs well and a forum for two-way communication.”

For more survey findings and five things managers should say to employees on a regular basis, click here.