With our current workforce reality, it is particularly important that we listen to our employees and act on their input. Millennials and Gen Z, which make up the majority of our workforce, are quite willing to speak up with both suggestions and concerns about their career experience. With the high number of open positions in most communities, they are willing to look around rather than stay in a poor or mediocre environment. Paying attention to their input will reduce turnover and increase morale, positively impacting the bottom line.
Let’s look at 4 common ways managers listen to and act on employee feedback.
Organizations that regularly use multiple approaches for listening to and acting on employee input are 3 times as likely to meet or exceed financial targets and 10 times as likely to have high levels of customer satisfaction and retention.
What is one way you can enhance your employee listening?