Technology Executives CEO Group

Thursday, October 6, 2022

Discussion Topic:

Providing Employee Feedback – What’s Working?

With Quiet Quitting and The Great Resignation being significant concerns to many of our Members, providing employee feedback appears to a useful, but significantly underutilized approach for mitigating these problems.

Workplace surveys consistently show that employees crave better information about how they could improve their performance. But most say they don’t get it… “It might feel like an awkward habit to develop, but feedback is crucial to a thriving workplace.”

A recent international employee survey found that 72% of respondents rated “managers providing critical feedback” as important for them in career development, while another survey found only 5% believe managers provide such feedback. And 69% of employees claim they would put in more effort at work if they felt more recognized.

Another perspective, according to various Gallup Polls: employees who are given effective, positive feedback regularly are more engaged, productive, stay longer with the company and show greater profitability.

For this discussion, we’ll briefly review these data points, and some other related information and exhibits.

We’ll then discuss the Group’s answers to the following questions:

• What is your organization’s current practice for providing employee feedback?
• What’s working particularly well, using that approach, in your organization?
• What changes do you do you anticipate making in your organization regarding employee feedback?

As always, we’ll look to hear and discuss, “What’s Keeping You Up Nights?” and we’ll also be serving as Strategic Advisory Board Members to our Featured Member:

Satnam Gambhir is Co-Founder and CEO of Envision Financial Systems, Inc., a leading provider of technology solutions to the mutual fund industry. Envision provides real-time shareholder accounting and servicing technologies for mutual funds, asset managers, transfer agents, and 529 program providers. Incorporated in 1994 and headquartered in Costa Mesa, CA, Envision also has offices in Owings Mills, Maryland, Denver, Colorado and Bangalore, India, providing client support and software development respectively. Envision’s products allow firms to increase efficiency and improve customer satisfaction, while enabling their emerging business needs. Using industry standard open technologies, along with a modular design, an intuitive interface and configurable rules, clients are able to introduce new features, functions and product capabilities to the market faster, easier and more cost effectively.

Past Discussion Topics