According to the 2010 Towers Watson report, Capitalizing on Effective Communication, those companies that communicate with courage, innovation and discipline, especially during times of economic challenge and change, are more effective at engaging their employees and achieving their desired business results.

Companies that are highly effective communicators delivered 47% higher returns to their shareholders over the last 5 years than those least effective at communicating.

Have courage –  communicate to your employees about what matters to them – and tell it like it is. Especially during times of change, make sure your employees understand what they can expect from the company and what the company expects from them.

Innovate - we are all being asked to do more with less. Try new communication tools to reach your employees in real time, but take the time to explain to employees how they will make a difference to the business.

Highly effective communicators are making greater use of social media than their less effective peers. However, usage is often outpacing effectiveness. To get a better return on any investment in social media companies need to – build knowledge and understanding of the benefits of social media; establish a social media policy; develop appropriate tools to measure success; and build executive support.

Be disciplined – plan to succeed. High-performing organisations are 2-3 times more likely to have a documented communication strategy than low-performing organisations. They are also more likely to have performance metrics in place to measure performance against business objectives and budgeted spend.

The MacLoed Report, ‘Engaging for Success: enhancing performance through employee engagement’, published in July 2009 was intended to start a nationwide discussion about developing greater employee engagement. The aim was to generate responses during early 2010 but it seems the difficult economic conditions and the election may have slowed down progress.

The inital report was a wide-ranging review of the nature and impact of employee engagement and not an attempt to provide answers. However, it was surprising and a little disappointing that a search of the whole report, one about the future of business, could find not one mention of either ‘social media’ or ‘social networking’. And, indeed, there seems to have been little debate since about how new technologies can contribute

The report identified four ‘broad enablers/drivers’ which were often cited as being critical to employee engagement, all of which could clearly benefit from the improvements in communication, conversation and collaboration that new ‘social’ tools and techniques can offer…

Leadership that “provides a strong strategic narrative which has widespread ownership and commitment from managers and employees at all levels. The narrative is a clearly expressed story about what the purpose of an organisation is, why it has the broad vision it has, and how an individual contributes to that purpose. Employees have a clear line of sight between their job and the narrative, and understand where their work fits in. These aims and values are reflected in a strong, transparent and explicit organisational culture and way of working.”

Engaging Managers, “at the heart of this organisational culture– they facilitate and empower rather than control or restrict their staff; they treat their staff with appreciation and respect and show commitment to developing, increasing and rewarding the capabilities of those they manage.”

Voice, “An effective and empowered employee voice – employees’ views are sought out; they are listened to and see that their opinions count and make a difference. They speak out and challenge when appropriate. A strong sense of listening and of responsiveness permeates the organisation, enabled by effective communication.”

Integrity, “Behaviour throughout the organisation [that] is consistent with stated values, leading to trust and a sense of integrity.”

A focus on these four areas, and some thought as to how improved communication techniques can deliver greater returns, sounds like a great place to start for any communications professional looking to make a difference to their organisation.