Communication between employers and employees is important on many levels. Clear and timely feedback not only prevents employees from making the same mistakes, it lets them know what they’re doing right so you can reinforce positive behavior.
Let’s now discuss how feedback fosters learning and improvement and how not providing feedback to employees will prevent opportunities for growth and will not help them overcome bad habits.
Some Relevant Statistics
- Companies that implement regular feedback have a 14.9 percent lower turnover rate than those who do not.
- 4 in 10 workers are actively disengaged when they get little to no feedback.
- 65 percent of employees say they want more feedback.
The point here is that there is tangible evidence that proves just how critical feedback is. If you’re not providing it consistently, then your business is likely suffering to some extent, and your employees are not operating at their peak potential.
A Catalyst for Learning
Although hearing that a boss or manager “wants to talk” can have some negative connotations, feedback is the only way employees can learn and grow. If their performance hasn’t been up to par and a certain area needs to be addressed, some basic feedback will quickly let them know what the problem is and offer guidance for resolving the issue. This is critical for stopping minor problems from escalating into larger ones and can quickly curb unacceptable behavior.
On the other hand, if an employee is thriving and exceeding expectations, feedback will let them just how pleased you are, which can provide a surge of confidence. Employees will also know that they’re valued and will feel more appreciated, which is huge for boosting morale.
Fuel for Improvement
No matter how well your business is run, there’s almost always room for improvement. But offering your input can be just the ticket for turning things up yet another notch. By providing objective feedback, you can motivate your staff to change where necessary and make the minor adjustments to fine-tune the small things. The bottom line here is that perpetual input helps prevent miscommunication and is a tool for helping employees be the best possible versions of themselves.
If you’ve been reluctant to give feedback to your staff, now is a good time to get more comfortable with this concept. Once you get in the habit, it should become easier and easier, and you can establish a more cohesive and productive workforce