July 10, 2022

Improve Communication, Productivity, And Company Culture

Why Your Business Needs Intranet

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An intranet is a valuable tool that can help pave the way to business success. Businesses that implemented a social intranet, for example, experienced a 20% increase in employee satisfaction, and an 87% increase in employee retention, a survey by Deloitte found. With the intranet, you can effectively improve employee communication and productivity and strengthen company culture.

Boost communication and productivity

Poor communication hampers communication, productivity, and your bottom line companies with around 100,000 employees lose around $62.4 million every year because of inadequate communication to and between employees, while smaller companies with 100 employees lose an average of $420,000 annually. The average employee, for example, wastes around 3.1 hours every day on emails, and, even so, important announcements can easily be overlooked this way. Intranet, on the other hand, lets you pin headline news and FAQs to the top of the page, making it ideal for company-wide sharing. It can also enhance collaboration between employees; with an intranet, multiple people can work on the same file at the same time without needing to worry about whether they have the latest version. Real-time discussion is also facilitated, so everyone can come to an agreement on the work that needs to be done.

Make information easy to find

Your intranet can function as a trusted knowledge repository for all company information. It is a central location that houses all up-to-date company documents, policies, and procedures, which can be accessed as needed by all your employees. Not only does this streamline your operations and save time, but it also helps ensure compliance (as employees can access current information needed to perform their jobs correctly). Moreover, modern intranet tools like Microsoft PowerApps lets you create custom low- or no-code business apps, which can pull multiple data sources into one platform to be easily accessed daily. A PowerApps Collection can also be used, for example, to save and organize employee information by their names, roles, departments, and so on. Once you have this data collected, you can take it offline and edit or otherwise use it for your business needs.

Strengthen company culture

56% of workers say a strong workplace culture is even more important to them than salary, with over three-in-four workers saying company culture plays a key role in their decision to apply for a position. Fortunately, an intranet can help strengthen your company culture as it offers an easy way for your team to interact and get to know each other in one space the option for employee social media feeds is even available. You can also use the intranet to give props to your employees. By using the intranet to post praise of employees, everyone across the company will be aware of others achievements. The intranet is undoubtedly still relevant in the modern-day. By boosting communication and productivity, making information easily accessible, and strengthening company culture, the intranet can help you pave the way to greater business success.

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