Communicating effectively affects virtually every intangible and tangible aspect of life from your workplace relationships to your bank account. Articulating your opinions, expertise and feelings clearly and understandably is but one part of the equation of effective communication; listening and comprehending messages from others also is just as vital a component. While it's practically impossible to list every advantage of the combination of speaking and hearing, three important areas where you find the advantages of effective communication skills are interpersonal relationships, career opportunities and financial stability.
Supportive Relationships and Friendships
Of the handful of troubles that Jaimie Mackey attributes to marital problems, communication is one of them. Her March 2018 article in Brides magazine, "Beware! 5 Warning Signs Your Marriage Is In Deep Trouble," encourages couples to engage in open communication to avoid problems that can lead to divorce. When you're discussing serious issues in the marriage, the willingness to be candid and honest suggests an attempt at effective communication. Where relationships are concerned, the benefit of good communication is that it helps build the trusting and supportive framework that relationships need to survive.
An advantage of effective communication in the workplace is your success on the job, regardless of whether you call the shots as the company owner or if you are an hourly employee who punches a time clock twice daily. When you manage employees or lead a team, effectively communicating the organization's goals can mean the difference between a team that performs exceptionally well and a team that doesn't function well enough to achieve your company's bottom-line. A December 2010 article in The Nigerian Voice states that good communication can increase efficiency if employees "are clear about the company's goals and how they have an important part to play in achieving those goals." As an employee, communicating effectively can position you for the job you've always wanted or it can ensure that you're adequately compensated for your skills and qualifications. For example, during your annual performance review, effectively communicating your accomplishments over the past 12 months might mean that your supervisor rewards you with a raise. On the other hand, if you're unable to articulate what you accomplished, your supervisor might not even understand why you're still employed with the company.
More Money, More Money
Whether you're five years or 20 years away from retirement, effectively communicating your investment approach may mean you're on the right track toward your golden years. Communicating effectively about investment strategy might require studying topics such as business growth and stability, as well as listening to finance experts about how and when to invest your money. If you're conversant about finance and retirement vehicles, the ability to communicate effectively about your personal goals should come easy, provided you're talking to the right people. For example, just being able to communicate whether a defined benefit or contribution plan is best suited for your retirement plans, can work to your advantage. The Watson Wyatt Retirement Attitude Survey measures employees' level of attraction for an employer based on how well the employer communicates its retirement benefits. The advantage of communicating effectively with seasoned investment professionals can result in more money for your nest egg.