How Robust Employee Feedback System Impacts an Organization’s Employee Retention Rates.
Robert Sakayo
Talent Acquisition | Talent Retention | HR Policies & Procedures | Training & Development | Industrial Relations | Employee Engagement | ERP | Compensation & Benefits | Performance Management | OSHA | HR Reporting |
Employee feedback systems are the different methods and strategies organizations use to collect thoughts and ideas from their employees.
Structured employee feedback systems allow organizations and their leaders to collect valuable insights about their employees’ experience working for them. It’s not about giving teams an avenue to moan, it’s about seeing every piece of feedback data as a chance to grow as a company.
By collecting and acting on feedback, organizations position themselves as employers of choice, offering a work environment with exceptional communication, high performance, and satisfied employees.
Types of Feedback Mechanisms/Systems in the Workplace.
- Surveys
- Performance Reviews
- 1 on 1 Meetings
- 360 Degree Feedback
- Exit/Stay Interviews
- Suggestion Boxes
So how do you implement an employee feedback system?
Decide on feedback methods and channels – The proper feedback mechanism may be determined by, budget and resources, company fit, accessibility, etc. Based on your chosen feedback methods, break down the steps involved in capturing these thoughts and opinions.
Collecting feedback without acting on it is a waste of time and resources. It can also lead to disengagement, cynicism, and skepticism from employees who gave their time and effort to provide honest feedback. Avoid these by creating an action plan to follow up on the data you collect.
Measure the impact of the employee feedback system. - Even the best-designed employee feedback system will need regular adjustments to ensure it meets an organization’s goals and remains relevant.
An effective feedback system is essential for a thriving workplace, promoting growth at both individual and organizational levels.