October 8, 2024
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7taps Content Team
Remember when we thought annual reviews were the gold standard of feedback? Fast forward to today, and continuous feedback is king. But here's the kicker: Gartner's research shows that only 9% of HR leaders believe their performance management process drives high levels of value. And 95% are open to changing their current approach [1]. So what's holding companies back, and how can you lead the charge in feedback training?
The impact of effective feedback on organizational performance is well-documented. According to Gallup's data, "80% of employees who say they have received meaningful feedback in the past week are fully engaged" [2]. But, as workplace dynamics evolve, so too must our approach to feedback training.
Traditional annual reviews are giving way to more frequent, ongoing feedback processes. A study by Workhuman revealed significant benefits of regular check-ins. Employees who have weekly check-ins with their managers, compared to those who never do, are five times less likely to be disengaged and nearly twice as likely to see growth opportunities within their organization [3].
By integrating these, you can provide real-time learning opportunities that encourage more frequent, meaningful conversations between managers and employees.
Organizations are increasingly leveraging data analytics to enhance the quality and impact of feedback. A survey by Deloitte found that 75% of companies believe using people analytics is important, but only 8% report having strong capabilities in this area [4].
Advanced technique: Use 7taps to create micro-learning modules that teach managers how to interpret key performance metrics. Include interactive quizzes that test their ability to translate data into actionable feedback. For instance, create a module on "Turning Sales Data into Coaching Moments," where managers practice crafting feedback based on real sales performance data. This approach not only trains managers in data interpretation but also ensures they can provide more objective, targeted feedback rooted in measurable performance indicators.
To truly elevate your feedback training program, it's crucial to implement advanced metrics that show real business impact.
Measure how likely employees are to recommend their organization as a place to work. Companies with higher eNPS scores tend to have better customer satisfaction and financial performance [5].
Track the regularity and perceived quality of feedback exchanges. More frequent, quality feedback correlates with higher employee engagement and performance [6].
Assess how employee performance metrics change over time in relation to feedback interventions.
For maximum impact, feedback training should not exist in isolation. Consider these integration strategies:
Seasoned L&D professionals often face unique challenges when rolling out feedback initiatives across diverse, global teams. But you can address these by:
As we push the boundaries of feedback training, it's clear that the future lies in personalized, data-driven, and culturally-informed approaches. By implementing these advanced strategies, you can use feedback as a driver of performance and innovation.
🚀 BONUS: Check out our How to give effective feedback demo course to kickstart your own feedback training.
References
[1] Gartner. (2019). "Gartner Says Only 9% of Chief Human Resource Officers Agree That Their Organization Is Prepared for the Future of Work." Gartner.com
[2] McLain, D., & Nelson, B. (2022, January 1). How effective feedback fuels performance. Gallup.
[3] Workhuman. (2019). "The Future of Work is Human." Workhuman.com.
[4] Deloitte. (2019). "Global Human Capital Trends." Deloitte Insights.
[5] Reichheld, F. (2003). "The One Number You Need to Grow." Harvard Business Review, 81(12), 46-55.
[6] Bersin, J. (2018). "The Rise of the Individual in the Future of Work." Josh Bersin Academy.
[7] Zenger, J., & Folkman, J. (2014). "The Skills Leaders Need at Every Level." Harvard Business Review.
[8] McKinsey & Company. (2018). "The Five Trademarks of Agile Organizations." McKinsey.com.
[9] Meyer, E. (2014). "The Culture Map: Breaking Through the Invisible Boundaries of Global Business." PublicAffairs.
[10] Hofstede Insights. (2021). "Country Comparison Tool." Hofstede-insights.com.
[11] Mercer. (2019). "Global Performance Management Survey." Mercer.com.
Want to test out 7taps for your own feedback training micro-content? Get started today with a free trial of 7taps or get in touch with us.