From the course: Hire, Retain, and Grow Top Millennial Talent
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Providing performance feedback
From the course: Hire, Retain, and Grow Top Millennial Talent
Providing performance feedback
- Giving good feedback is one of the cheapest, most time efficient, valuable things you can do as a leader to improve morale and retention. Consider this, there was a recent study by PWC, and they discovered that millennials are more likely to leave if their needs for support and appreciation and flexibility are not met. Now, compare this to workers born before 1983. The non-millennials are more likely to leave if they feel like they're not being paid competitively, or they perceive a lack of development opportunities. So what does this mean for you? It means that if you can give good feedback, you can keep your best millennials. Let's look at two scenarios and compare the difference between good feedback and exceptional feedback. Elizabeth, I just wanted to tell you great job on that project last week. - Oh, thanks, I worked really hard on it. - Now I know you did, and the clients saw that summary sheet, and they really like…
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