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5 Reasons You Need Real-Time Feedback 

Have you ever received a piece of feedback and thought to yourself, “Why didn’t you tell me that a while ago?” This might have led you to think of all the situations you could have avoided if only you had heard the feedback sooner.  

Providing quality real-time feedback to employees is critical to organizational success. For employees to grow, they have to know where their strengths and weaknesses lie. In relying on annual performance reviews, we forfeit a whole year of coaching and developing our employees for better performance. Employees on the receiving end of annual evaluations may very well experience the feeling of, “Why didn’t you tell me that 6 months ago?” 

Why wait on giving feedback? Here are five reasons you need real time feedback: 

  1. It’s the right thing to do. Not only is providing real-time feedback a key organizational advantage, but it’s also ethical to let your employees know how they can grow. You’d be a bad friend if you didn’t tell your friend they had spinach in your teeth, right? Likewise, you should tell your employees where their performance is lacking and how they can grow to better themselves or the business.
  2. Engagement. One of the reasons people are easily engaged by things like sports or video games is because there is instantaneous feedback that keeps them engaged. You can clearly see the effects of your successes and failures in the moment, and there’s always another level of success to strive after. In a similar way, feedback engages employees and keeps them from feeling as though they’ve “arrived” at work. When you consistently reward and challenge employees, you gain their genuine engagement.
  3. Relationships. Feedback given as a gift builds trust. Relationships are made stronger when we can give and receive feedback freely. We can trust each other to correct our mistakes and rely on guidance from one another. We can also trust that the feedback we deliver will be received with gratitude. Relationships that regularly exercise feedback giving and receiving are healthy, sharpening, and make the organization as a whole stronger.
  4. Performance. A core benefit of real-time feedback is that it allows employees to make changes to their performance sooner rather than later. As a result, they develop their skills faster, and their overall organizational performance increases. A culture where real-time feedback is readily available also makes for an open environment of learning and performance development.
  5. Retention. Last but not least, another reason for real-time feedback is that it helps you retain employees. As mentioned above, feedback increases engagement and performance while building relationships. Employees are much less likely to leave a job where they have strong relational ties, where they feel challenged, and where they can excel in their seat. Especially with the steep competition for talent right now, retention is a major concern for most companies. Engaging with employees through feedback can ultimately win their loyalty.  

Organizations that want to hang on to their employees while getting the best from them should think strategically about facilitating real-time feedback. M4P is a software designed for this very purpose. One, easy-to-use platform with a variety of rich tools that can unleash employee and organizational potential. Schedule your demo today here.  

Have you ever received a piece of feedback and thought to yourself, “Why didn’t you tell me that a while ago?” This might have led you to think of all the situations you could have avoided if only you had heard the feedback sooner.  

Providing quality real-time feedback to employees is critical to organizational success. For employees to grow, they have to know where their strengths and weaknesses lie. In relying on annual performance reviews, we forfeit a whole year of coaching and developing our employees for better performance. Employees on the receiving end of annual evaluations may very well experience the feeling of, “Why didn’t you tell me that 6 months ago?” 

Why wait on giving feedback? Here are five reasons you need real time feedback: 

  1. It’s the right thing to do. Not only is providing real-time feedback a key organizational advantage, but it’s also ethical to let your employees know how they can grow. You’d be a bad friend if you didn’t tell your friend they had spinach in your teeth, right? Likewise, you should tell your employees where their performance is lacking and how they can grow to better themselves or the business.
  2. Engagement. One of the reasons people are easily engaged by things like sports or video games is because there is instantaneous feedback that keeps them engaged. You can clearly see the effects of your successes and failures in the moment, and there’s always another level of success to strive after. In a similar way, feedback engages employees and keeps them from feeling as though they’ve “arrived” at work. When you consistently reward and challenge employees, you gain their genuine engagement.
  3. Relationships. Feedback given as a gift builds trust. Relationships are made stronger when we can give and receive feedback freely. We can trust each other to correct our mistakes and rely on guidance from one another. We can also trust that the feedback we deliver will be received with gratitude. Relationships that regularly exercise feedback giving and receiving are healthy, sharpening, and make the organization as a whole stronger.
  4. Performance. A core benefit of real-time feedback is that it allows employees to make changes to their performance sooner rather than later. As a result, they develop their skills faster, and their overall organizational performance increases. A culture where real-time feedback is readily available also makes for an open environment of learning and performance development.
  5. Retention. Last but not least, another reason for real-time feedback is that it helps you retain employees. As mentioned above, feedback increases engagement and performance while building relationships. Employees are much less likely to leave a job where they have strong relational ties, where they feel challenged, and where they can excel in their seat. Especially with the steep competition for talent right now, retention is a major concern for most companies. Engaging with employees through feedback can ultimately win their loyalty.  

Organizations that want to hang on to their employees while getting the best from them should think strategically about facilitating real-time feedback. M4P is a software designed for this very purpose. One, easy-to-use platform with a variety of rich tools that can unleash employee and organizational potential. Schedule your demo today here.  

Post Categories: Insights
Date Published: Apr 21, 2022
Post Categories: Insights
Date Published: Apr 21, 2022