Just as you offer input to your employees, you should also ask for managerial feedback from them. It helps you to identify weaknesses, learn about concerns, and ultimately become a stronger leader. Here’s a look at a few more benefits it offers.
Benefits of Managerial Feedback
#1: Empowers employees
When you ask employees for feedback, you’re putting power into their hands. They feel like their voice matters and that they have a seat at the table. This is an important step in keeping them engaged and motivated.
#2: Promotes positive change
When you get insight from your team, you can learn about problems before they escalate. You can also gain an overall sense of their satisfaction at work. This gives you insight into areas that need to change.
#3: Decreases turnover and increases happiness
When you ask your employees for feedback and then incorporate their thoughts into company culture or policy, it will lead to a happier, more loyal workforce. In fact, companies that report incorporating feedback from employees see turnover lowered by an average of 14.9%, according to reports, and an employee happiness boost of 68%.
#4: Sparks innovation and creativity
Asking for feedback enables your team to reflect on their own performance and feel comfortable contributing ideas on an issue or project. This results in fresh perspectives, new ideas and innovations, and positive change. Over time, this will also help to improve employee engagement and also reinforce the fact that they are a valued part of the team.
#5: Builds a stronger team
When you understand your strengths and weaknesses from the perspective of your employees, you can then work to make changes that help build a strong team. Feedback is essential when it comes to solving conflicts, as well, as allowing you to learn about different issues, each personality involved, and what steps should be implemented to resolve problems.
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