11 Eye-Opening Statistics on the Importance of Employee Feedback

11 Eye-Opening Statistics on the Importance of Employee Feedback 

Written by Lindsay Kolowich

Employees want to know how they're doing -- and they want to know it often. They crave both positive and constructive feedback. What are their strengths? Where can they improve? Where do they stand in the organization?

It's every manager's responsibility to provide meaningful feedback on a regular basis. And that doesn't mean waiting for the annual review to roll around: Employees that are highly engaged at work receive employee feedback at least once a week.

But giving feedback regularly isn't just beneficial for the employee -- it's beneficial for the team, too. Did you know that receiving feedback can actually inspire your employees to work harder and become more engaged? In fact, 69% of employees say they would work harder if they felt their efforts were being better recognized. Employees who receive little or no feedback from their managers tend to disengage from their work more readily.

1. 39% of employees report they don't feel appreciated at work.
2. 14.9% lower turnover in companies that implement regular employee feedback.
3. 2X as likely to be actively disengaged if employees are ignored by their manager.
4. 30x more likely to make workers actively engaged at work when manager's focus in on employee strengths.
5. 4/10 workers are actively disengaged when they get little or no feedback
6. 43% of highly engaged employees receive feedback once a week compared to 18% of low engagement.
7. 65% of employees said they wanted more feedback.
8. ONLY 58% of managers think they give enough feedback.
9. 98% of employees will FAIL to be engaged if managers give little or no feedback.
10. 69% of employees say they would work harder if they felt their efforts were better recognized.
11. 78% of employees said being recognized motivates them in their job.