We typically take in only about half of what we hear and forget roughly half of that the next day according to Business2Community. That means if you aren’t working extra hard to absorb information you could lose 75% of the information overnight. If one of your employees gives you a great idea but you weren’t listening quite closely enough and forget it, you could have a huge problem on your hands.
In a study by John Izzo, author of “Stepping Up: How Taking Responsibility Changes Everything,” the number one reason employees don’t take more initiative at work is because no one listens to their opinions when making decisions. And without employees taking initiative, it’s going to be a lot harder to get work done.