There is some good news and bad news about workplace social media.

The good news, according to Deloitte, is that nearly one-third (30%) of executives said social networking is a part of their business and operations strategy.

A smaller, but still significant, number reported leveraging the Web 2.0 tools to build their brand, communicate internally, recruit employees and engage the workforce.

However, 55% of executives admitted that their companies do not have an official policy for social networks