how employee feedback helps your business
Post on 02-Jul-2015
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Amount of employees that feel passively engaged or actively
disengaged
The price each disengaged employee costs companies
annually
Brenda and Dylan continue to conduct quarterly employee satisfaction surveys and with continual improvement —They make the “Best Places to Work” list in Beverly Hills!
The employees at Peach Pit Enterprises are more engaged and satisfied than ever because their feedback is being implemented. It’s a win-win for both employees and management - collecting employee feedback is the key to success!
Sources:AON Hewitt & MercerDeloitte Talent Edge 2020 & AON Hewitt
Department of LaborGallupSHRM
Cost for a company to hire a new employee
Amount of employees considering leaving despite high unemployment rates
Amount actively disengaged workers cost the U.S. in economic activity yearly
$550 BILLION
50% 2/3
HigherProductivity
Employee turnoverreduction translatesto more money than a10% increase in sales
Bene�ts of acting on employee feedback
10%
$57,000$57,968$10,000$10,000
Why You Need Employee Feedback
Methods for CollectingEmployee Feedback
One-on-One InterviewsWith Managers
Attract and retain top talent
Build engagement and loyalty
Drive excellence and innovation
Suggestion box
Focus group
Surveys
Dylan and Brenda, HR professionals at Peach Pit Enterprises, notice employee turnover rates are rising and productivity is plummeting. They start to research the impact of turnover and the effects that decreased productivity can have on an organization — the statistics are alarming.
Dylan and Brenda realize they need to take action to save Peach Pit Enterprises.
The results of collecting feedback are on par with other Best-in-Class organizations and it’s overwhelming:
Brenda and Dylan opt for the ease and effectiveness of an online survey to re-engage their employees
They launch the first survey and gather great feedback from employees
Brenda and Dylan work with senior management to make meaningful changes based on the feedback collected
They decide to launch their first-ever employee feedback program to get to the root of the problem and put a halt to things before they get worse.
21%
Q1 Q2 Q3 Q4
IncreasesProductivity
IncreasesSatisfaction
DecreasesTurnover
Peach Pit Enterprises
Solution
Problem
Results
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