Why Is Feedback So Important?

We often hear about the concept of feedback. Feedforward; we have also started to hear more about the concept of notification for the future. What we can define as a traditional feedback culture; especially the performance evaluations that are transferred from managers to employees at the end of the year and are not efficient enough are being replaced by double-sided feedback structures that allow instant communication today.   

According to data from Office Vibes, 96% of employees consider it useful to receive regular feedbacks. 83% of them appreciate the fact that they are given feedback, regardless of whether it is negative or positive. So why is the existence of these feedbacks and the correct implementation of the feedback culture so important?   

Feedback contributes to the growth of your company 

Feedback includes careful observation and careful listening. It analyzes the issues that are important together and ensures that we act together for the best solution. It reveals how both employees and managers can improve themselves with constructive comments. It supports employees to progress in the areas of talent where they stand out. Companies progress faster in their success journey with team members who work with the focus points determined by the right feedbacks and constantly increase their capacities. They strengthen their positions in their sector, increase their income, sell more, improve their relations with customers.   

Thanks to feedbacks, the error rate and damage caused by errors are reduced

Working on a project, organizing an event, preparing for an important presentation… Regardless of the task, regular comments minimize possible mistakes. Thanks to these notifications, which will eliminate the missing communication, which is one of the important causes of business errors, both the loss of time that will occur after the error and the damages according to the size of the error are prevented. Constructive feedback after a failure prevents the employee’s self-confidence from fraying or restricting the areas of movement within the scope of work. Employees do not stress their creativity and do not stop themselves from trying new things. They form a strong team spirit by trusting and supporting each other. 

Feedbacks ensure that goals are aligned

Employees may have set their goals together with their managers at the beginning of the semester, but they should always make sure that their company and department remain aligned with their goals throughout the entire process. Let’s say you have set your goals. Can you see clearly what point you are at according to them right now? Do you have information about the main goals of the company? But are you really aware of your team goals, the roles that people on the team have taken for these goals? Employees today want to see where they are in the big picture now, otherwise both their productivity is falling and they are demotivated. Therefore, it is necessary to act within the unity of purpose, with aligned goals.   

Regular feedback breeds agility

Feedback allows you to quickly keep up with the changes. Teams fed with constant feedback and feedforwards can adapt to sudden changes more quickly. Managers can also have more confidence in them because they have a high dominance in their business areas. When there is a problem, the necessary revisions with quick sanctions can be easily transferred to business processes.   

Thanks to efficient feedback, the resignation rate decreases 

Employees who feel that their contribution to the organization has been realized and that there is room for their career development feel part of their company. In teams with high motivation and commitment, circulation decreases. In this way, the costs incurred by successive resignations and the loss of time that will arise for the company during the recruitment and decommissioning processes of new employees are prevented. If you are a manager or HR leader, you should often examine employee satisfaction in your company. You need to make sure that there is a transparent communication environment. Otherwise, employees who feel that they cannot express themselves, that their problems are not listened to, continue their career future in another company. 

Feedforward processes organized in a digital environment create 360-degree clarity 

Traditional performance evaluations are now far from meeting the needs. According to Gartner’s data, 83% of HR leaders are considering changing their performance management system. Digital performance management solutions that enable a feedback culture that allows continuous and two-sided feedback eliminate routine and inefficient approaches to performance evaluations.   

With the feedback module of Wokr, new gen human focused performance management platform, you can make use of the feedback mechanism that provides various insights. You can create business development opportunities, instantly give or get feedback between certain people, receiving feedback for your team so as to develop a transparent feedback mechanism that increase efficiency and employee engagement. 

Strengthen your feedback culture with WOKR 

We mentioned some of the main benefits of feedback culture. What is the most important benefit for you? You can share your ideas with us.   

You can request a demo immediately to get information about WOKR’s feedback module and all other modules, or you can contact us to develop the most effective feedback system for your company together.