14 ways to supercharge your strategy by using knowledge sharing.
When was the last time your employees contributed to your company’s direction? Did you ask them for constructive feedback and their opinion? Was it honest feedback? It is quite common that employees are afraid of voicing feedback towards their managers and leaders.
Collecting feedback helps you to grow and gain a new perspective
Around 40 % of employees do not feel appreciated at work. However, providing regular feedback sessions and making feedback a natural part of work and development can help you retain co-workers and achieve growth for the company.
“79% of workers name a lack of appreciations as a reason for quitting”
If you want your employees to feel more appreciated, consider implementing more feedback sessions. You can create a feedback culture in your company and let your employees be a part of your future plans. Constructive feedback, positive or negative, gives them a feeling of commitment. To implement it successfully, it is necessary to provide a safe space for being able to voice opinions, trust, and honesty, and, thereby, gain respect and an open mind. Your employees shouldn’t fear to name facts just because you are their leader.
Give your employees the feeling of contributing to the company's direction
In addition, feedback sessions have to be regularly but shouldn’t feel forced. They should instead be a part of solving a concrete solution to a challenge. Give your co-workers the flexibility to choose a good time and also a channel on how to address their feedback and opinions. Different ways, chosen by your employees, help to create a natural habit out of feedback and over time it will shape a feedback culture in your company.
Main benefits of feedback and sharing knowledge
1. New perspective and knowledge.
Employees offer different backgrounds that help you gain new information.
2. Quick thinking.
With new information and different perspectives, you can make decisions faster.
3. Creating a pipeline.
A steady feedback system offers a flow of information and evaluation.
4. Increases employee engagement.
Your employees will feel engaged and appreciated in the development and decision-making process
5. Increases employee loyalty.
Engaged employees are also more liable to stay at your company for a longer period.
6. Minimizes hierarchies.
In an environment with steady feedback, your employees are not afraid of talking to you and voicing their opinion.
7. Improves innovation and development.
To get a new perspective for your future development you can gain new perspectives and feedback from employees about your current innovation process.
8. Improves performance.
Similar to just your business development, so will your employees’ performance increase and improve.
9. Collective collaboration.
The higher the commitment and share of knowledge, the more and better your teams can work together.
10. Clear constraints.
If you motivate your employees to share information and opinions you can find out where the limits are.
11. Speedy communication.
If you allow your employees to question you, they will voice ideas for solutions faster.
12. Improved procedures.
Your practices and procedures will run smoother and better with more engaged employees, fast communication, and an open mind for innovation.
13. Creating experts.
By sharing knowledge you will enhance the strengths and knowledge of different people.
14. Contributing to solutions.
It makes people a part of the solution instead of the problem and creates a sense of purpose.
Implementing feedback as a habit is a difficult and long process but it can be very beneficial for your company. It can help you to achieve growth and profit while creating more engaged employees. Motivate your employees to give you feedback and gain a new perspective.
Read more about how to get started here