Read Part Two Here.
In today’s economic climate, employers need to address the strong correlation between retention and employee feedback. 90% of employees are actively disengaged after receiving negative feedback and 80% of employees are looking for other employment after negative feedback, says Gallup in a recent article Why Employees are Fed Up with Feedback. It’s clear that inadequate communication in the form of negative feedback is an important reason why employees are feeling unhappy in their positions.
“90% of employees are actively disengaged after receiving negative feedback”
Here’s how you could be minimizing the likelihood that employees will leave, by supporting comfortable employee feedback:
“Only 16% of Millennials (the largest generation in the workforce) see themselves with the same employers a decade from now”
Promoting open communication and investing in mentorship and recognition programs are great first steps towards engaging with employees and motivating them to stay put, but there are times when constructive, and even negative feedback is required. How do managers prepare? In fact, most don’t feel comfortable and believe they’re not good at giving feedback. It’s something that we’re not inherently good at, but there are methods of improving. Read our tips to promoting employee engagement and building the confidence to give feedback properly in part two of this series. Read Part Two Here.
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Every month, we share news, knowledge, and insight into what we believe is a pretty simple proposition: If you are “proud of your work and proud of your company,” you are more engaged, more productive, and more likely to stay with your company for the long haul.