Defining Employee Feedback Plans and Pinpointing Areas for Improvement: The Tactical Guide
Why are feedback sessions so important? For one, companies that carry out regular employee feedback have turnover rates that are 14.9% lower than those employees who receive no feedback at all. Now, here are additional helpful insights from the stats on employee feedback and performance reviews: Managers who received regular feedback on their strengths showed 8.9% greater profitability. (Source) About 43% of those highly engaged employees receive feedback on a weekly basis. (Source) 92% of respondents agreed that when negative feedback is delivered appropriately, they can be highly effective at improving one’s performance.” (Source) 63% of Gen Z employees want to… Continue Reading