Survey: Lack of Communication Top Management Mistake

Menlo Park, Calif. — April 26

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.

CFOs were asked, "What one mistake do companies make most in managing their employees?"

Their responses:

• Lack of communication between staff and management: 41 percent.
• Lack of recognition and praise: 28 percent.
• Lack of training, development and/or educational opportunities: 11 percent.
• Lack of flexibility in work schedules: 8 percent.
• Lack of authority given to employees: 6 percent.
• Don't know/no answer: 6 percent.

The survey 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.

Source: Accountemps