I was excited to be interviewed by Kathryn Vasel for the CNN article, “Get Over Your Fear of Giving Feedback at Work.” I believe feedback is one of the best ways to show your employees that you care.
Of course employees can also give feedback to managers, and feedback can happen between peers. In all cases, if done correctly, the interaction is valuable.
The article focused on manager to employee feedback. This is a very important topic, as seen in these statistics:
- Companies that intentionally give feedback have 14.9% lower turnover rates
- 40% of workers are disengaged when they get little or no feedback
- Positive or negative, 82% of employees appreciate receiving feedback
- Of highly engaged employees, 43% receive feedback at least once a week
- 65% of employees say they want more feedback
- 27% of workers say the feedback they get improves their performance
- 42% of Millennials want feedback every week, yet 83% of Millennials say their manager’s feedback isn’t meaningful
- 92% of people think negative feedback is effective at improving performance
As you can see, feedback improves performance, lowers turnover, and perhaps most surprising—employees want it! Yet giving feedback can make managers uncomfortable. What do you say? How do you say it? Read the article to find out.
I’d love to hear about your positive or negative experiences with getting or giving feedback in the workplace. Leave a comment below, send me at email, or let me know on Twitter.