how employee feedback helps your business

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Employee feedback can have multiple benefits to your business or organization.

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Page 1: How Employee Feedback Helps Your Business

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