Infographic: Importance of Feedback in Business and its Evolution
How do we become remarkable at work? We ask questions, we challenge assumptions, and we request feedback to improve! Employee feedback is necessary for both employees to advance their careers and companies to enhance their performance.
Today over 90% of Fortune 500 companies use formal feedback processes; however, we’re shifting into an era where employee empowerment and engagement is crucial to retain talent and the traditional feedback processes are no longer effective. Many of these feedback processes were invented for the military and are top-down driven in nature and happen only once a year.
Moving forward, feedback is being driven by the employee on a continuous real-time basis. Mirroring social networking, employees crave instant feedback to develop their skills and advance their careers. Responding to the market, 7Geese is releasing its employee-driven continuous feedback feature today and we’ve created this infographic to show you how feedback has evolved!