Executive Coach | Business Consultant | Personal Coach, helping C-suite executives, entrepreneurs, and business leaders scale their organizations and drive business results
There is a clear impact and benefit for organizations whose leaders provide regular and constructive feedback… Research shows that companies that prioritize regular and constructive feedback enjoy significant benefits, including higher employee engagement and reduced turnover rates. According to statistics from @oak.com, a substantial 92% of employees believe that constructive criticism, when given properly, can effectively improve their performance. Additionally, organizations that maintain a regular feedback culture experience a 14.9% reduction in turnover rates compared to those that do not provide consistent feedback. This illustrates the strong link between effective feedback practices and employee retention Regular, specific, and balanced feedback helps build trust, improves engagement, and supports a more motivated and productive workforce. As a leader, do you provide consistent and constructive feedback to your team members? Here are my tips for providing constructive feedback: 1.Do it timely; meaning as close to when the situation occurs as possible 2.Do it discretely and respectfully 3.Don't beat around the bush - get right to the point 4.Back up your feedback with SPECIFIC examples 5.Ask for clarification and how the team member is receiving the feedback 6.Ask what they feel they can do to improve in this area 7.Ask how you can help them 8.If appropriate, agree on measurable progress and timing with the team member 9.Stay engaged and follow up to see how things are going 10.Be positive and encouraging along the way #leadership #performancefeedback #constructivefeedback #employeeengagement #employeeretention #humanresources #executivecoach
Feedback is a gift. Weak leaders are afraid to share. Strong and confident leaders know feedback is the only way to grow and develop. I like “constructive feedback” because it makes me better.
I really like number 7. Showing that you care enough and yet are clear on what needs to happen!
Bookkeeping, Accounting, and CFO Services for Small Businesses
3moWell-articulated!💯 Providing timely and specific feedback is crucial for fostering a positive work environment and enhancing team performance.✅