Feedback is Money
Updated: Nov 4, 2020
Most would say that feedback costs money. It’s a waste of time and a drain on productivity. Whether you’re a leader or team member, you’re stressed about all that time needed to worry & prepare for a “crucial conversation” with someone who is not getting it. Or…taking time to pat all those approval-starved people on the back…
Wrong. If you’re thinking that way, you don’t understand the potential of feedback to save time and money today and dramatically improve your product or service.
Feedback gives you crucial information you need to stop or improve the things that don’t work, and increase the things that do work! When your co-worker lets you know how something you are doing affects their work (and how to improve that impact), it’s a win-win. When you ask your boss or project manager to shift the way they lead, the improvement will probably help the whole team.
Think about the most valuable companies today. Like Google, Facebook, etc. They have accurate up-to-date information about what people want and are willing to pay for.
In your own job, frequent and honest information about how you, your employees, and your colleague is doing their job is super, super valuable. Like money, gold, valuation, lowered costs, higher profits,……wealth!
Go for feedback, and the money will follow!