Also known as positive feedback loops (nothing to do with feedback being positive rather than negative), employee feedback loops are used by organizations to gauge how staff feel about company policies and culture.
Employee satisfaction surveys show the powers that be what they need to do to make staff happier. And by making the necessary changes, the hope is that this will improve employee retention.
Examples cases of feedback loops that could support you in creating one:
According to Zippia: “20 Essential Employee Feedback Statistics [2023]: Employees Want More Than Just Performance Reviews” Zippia.com. Feb. 1, 2023, https://www.zippia.com/advice/employee-feedback-statistics/, Feedback for employees is incredibly important to create a welcoming company culture that encourages them to do their best, learn, and get promoted. When delivered correctly, feedback beyond regular performance reviews can help employees be more productive and knowledgeable and better manage their subordinates or projects. Consider these statistics:
- 65% of employees desire more feedback.
- Companies that invest in regular employee feedback have 14.9% lower turnover rates than organizations where employees do not receive feedback.
- Four out of ten employees who receive little to no feedback are actively disengaged from their work.
- 69% of employees say they would work harder if they felt their efforts were being recognized through feedback.
- 43% of highly engaged employees receive feedback at least once a week.
- 98% of employees disengage from their work when they receive little or no feedback.
