How Real-Time Feedback Improves Employee Performance

How Real-Time Feedback Improves Employee Performance
From Recruiter - February 18, 2018

Why wait for the annual review togive performance feedbackto employees? Seems almost ridiculous to wait a whole year before giving an employee to feedback they need to succeed, but a lot of companies still do this!

Thankfully, the annual performance review is rapidly becoming a thing of the pastbut is that happening fast enough?Sixty-one percent of employeeswould like immediate, on-the spot feedback about their performances, butonly 24 percent of employees get such feedback.

To make matters worse, 54 percent of CEOs believe they are giving the immediate feedback employees want. Since leaders, managers, and employees are not on the same page here, we thought it would be a good idea to share some insights on the value of real-time feedback:

Real-Time Feedback Motivates Employees

Few peopleif anyonelove annual performance reviews. They tend to be draining and time-consuming, and any new energy they spark in employeesoften withers away in a weeks time.

With real-time performancefeedback, however, you keep employees excited and motivated throughout the year. Real-time reviews help employees understand how their contributionsfit into the big picture and contribute to overall organizational success. As a result, employees are more engaged in their everyday work. Regular recognition from peers and managers serves to remind employees of their individual goals, which helps employees stay on track.

Real-Time Feedback Promotes Continuous Learning and Development

You can learn a lot about your employees during performance reviews, but itshard to fully appreciate everything anemployee contributes to the organization when reviews only happen once a year. Real-time reviews, on the other hand, help you stay up to date on each employees achievements.

When you use real-time feedback, both managers and employees maintain continuous communication. This helps managers and employees align their expectations of one another. This constant communication also makes it easier for employees to bring new ideas to the table when they are relevant, rather than waiting for their once-yearly chance.


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