Change leads to uncertainty, and uncertainty leads to fear, stress and poor decision-making. Within a company, employees who rarely see change in their day-to-day roles can be very strongly and negatively impacted by change. Departmental restructurings, layoffs, acquisitions, divestitures, policy updates, and other major changes can leave people wondering “what does this mean for me?”
As a business owner or department head, you need to let people know where they stand. If you don’t, people will fill in the blanks themselves, often with incorrect and exaggerated information. This can lead to confusion, the spreading of gossip and rumors, decreased morale, mistrust of management, damaged reputations, increased rates of employee turnover, and other undesirable outcomes. Worse, false information can spread outside of a company, with dissatisfied employees airing their grievances to suppliers and customers, causing further damage and making an issue more difficult to contain and manage.