Why employee feedback is more than a regular paycheck
7
WHY EMPLOYEE FEEDBACK ≠ REGULAR PAYCHECK Managers often feel that the regular paycheck provides enough feedback and recognition. Here’s why you should reconsider:
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Transcript of Why employee feedback is more than a regular paycheck
WHY EMPLOYEE FEEDBACK
≠ REGULAR PAYCHECK
Managers often feel that the regular paycheck provides enough feedback and recognition. Here’s
why you should reconsider:
Less than ½ feel they receive enough from their jobs
40%of employees
quitting do so within 6 months of starting
46%say they get paid
enough
47%say their employer
regularly seeks input from them
of employees quitting do so within 6 months of starting
receive service awards for milestone anniversaries
say these awards have no impact how they feel
say they get paid enough
81% 50%
say their employer regularly seeks input
from them
59%thank you with a gift
38%verbal thank you
4%eThanks card
Memorable forms of recognition include
Regular feedback makes your team happier
35%of employees are
happy at work
after receiving feedback and recognition
51%report they are happy at work
� ��
“Operating without #feedback is like learning to cook without tasting your food”
– Joel Peterson, Chairman of the Board at JetBlue Airways
2xhappy employees stay longer
on their jobs
14.9lower turnover rates in companies that provide
feedback
Ask 3 simple questions every week:
1. What have you accomplished and proud of?
2. What are your key goals for next week?
3. Is anything troubling you?
Give feedback continuously, it doesn’t have to be time-consuming
Resources:
Adapting to the realities of our changing workforce, Globoforce spring 2014 report. Globoforce Reveals 2011 Workforce Mood Tracker Survey Results
[http://www.globoforce.com/news/press-releases-archive/globoforce-reveals-2011-workforce-mood-tracker-survey-results/] APA’s Work and Well-Being Survey, 2013, [http://www.apa.org/news/press/releases/2013/03/employee-needs.aspx]
11 Statistics About the Importance of Employee Feedback, O�cevibe [http://www.o�cevibe.com/blog/infographic-employee-feedback]
Equifax, Turnover by Geography [http://www.talx.com/benchmarks/turnover/index.asp]
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@weekdone
Weekdone.com - employee progress reporting and internal communications tool. Always know team-members' plans and achievements. Publish objectives, see how your team is moving towards them and provide weekly feedback with a click of a mouse.
