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Why a Regular Paycheck Is Not Sufficient Feedback

Manager's often feel that regular paycheck provides enough feedback and recognition. This presentation highlights several reasons supported by the statistics that should make you reconsider. Made by Weekdone https://weekdone.com

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Why a Regular Paycheck Is Not Sufficient Feedback

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  1. WHY EMPLOYEE FEEDBACK ≠ REGULAR PAYCHECK Managers often feel that the regular paycheck provides enough feedback and recognition. Here’s why you should reconsider:

  2. Less than ½ feel they receive enough from their jobs 40% of employees quitting do so within 6 months of starting 46% say they get paid enough 47% say their employer regularly seeks input from them

  3. 81% 50% receive service awards for milestone anniversaries say these awards have no impact how they feel Memorable forms of recognition include 59% 38% 4% thank you with a gift verbal thank you eThanks card

  4. Regular feedback makes your team happier ? ? ? 35% of employees are happy at work 51% report they are happy at work after receiving feedback and recognition

  5. 2x 14.9 lower turnover rates in companies that provide feedback happy employees stay longer on their jobs “Operating without #feedback is like learning to cook without tasting your food” – Joel Peterson, Chairman of the Board at JetBlue Airways

  6. Give feedback continuously, it doesn’t have to be time-consuming Ask 3 simple questions every week: 1. What have you accomplished and proud of? 2. What are your key goals for next week? 3. Is anything troubling you?

  7. Weekdone.com - employee progress reporting and internal communications tool. Always know team-members' plans and achievements. Publish objectives, see how your team is moving towards them and provide weekly feedback with a click of a mouse. linkedin.com/ company/weekdone @weekdone fb.me/weekdone google.com/+weekdone Resources: Adapting to the realities of our changing workforce, Globoforce spring 2014 report. Globoforce Reveals 2011 Workforce Mood Tracker Survey Results [http://www.globoforce.com/news/press-releases-archive/globoforce-reveals-2011-workforce-mood-tracker-survey-results/] APA’s Work and Well-Being Survey, 2013, [http://www.apa.org/news/press/releases/2013/03/employee-needs.aspx] 11 Statistics About the Importance of Employee Feedback, Ofcevibe [http://www.ofcevibe.com/blog/infographic-employee-feedback] Equifax, Turnover by Geography [http://www.talx.com/benchmarks/turnover/index.asp]

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