According to Gallup, “Employees are hungry for feedback from their leaders, managers and peers. They want to gain insights that advance their abilities and future potential.”
Gallup data shows that when employees strongly agree they received meaningful feedback they are almost four times more likely than other employees to be engaged.
Meaningful is the keyword in this statement. It is easy for a manager to tell an employee they did a great job or missed the mark. But this kind of general feedback doesn’t offer the context employees need to make an impact.
Why does feedback matter?
- Motivation. Employees are more likely to feel motivated to produce exceptional work when they receive frequent, constructive feedback. They feel recognized and understand their work is valuable.
- Adaptation. If you wait until a regularly scheduled evaluation to address a critical gap in production or poor performance, the employee doesn’t have the chance to improve and the manager (and company) wastes precious time. Address concerns in real time and discuss ways to improve.
- Competitive advantage. The war on talent continues to rage. The reasons may be changing but the reality is companies are struggling to fill roles. Managers who provide frequent feedback, engage employees in meaningful ways are more likely to retain those employees and help attract new employees.
To provide constructive feedback, managers need to accurately and frequently track progress. The Truvelop app is a great tool for aggregating data – both from the manager and the employee as the app also fosters two-way communication– to provide a comprehensive snapshot of the team member’s performance.
Using the app, managers and employees can analyze challenges and opportunities for growth, monitor goals and track performance improvement plans. Combined, these are all ways managers can develop meaningful feedback for each employee.
Finally, the Truvelop app coaches managers, providing them with insights and prompts for effective ways to engage employees based on performance.
When managers take the time to provide employees with meaningful feedback on a regular basis they create a culture that makes employees feel valued and essential members of the team.
Contact us today to learn more about our modern approach to performance management and development and how it solves for retention. Don’t just take our word for it, see what our Customers have to say.