Keyword: «feedback effectiveness»

An effective feedback system is a prerequisite for the successful functioning of an organization. For example, “Gallup and Workplace Medicine in their State of the Global Workplace 2023 Report claim that even successful companies can lose up to 22% of their profits due to a lack of constructive feedback”. A quality feedback system can maintain the involvement and interest of employees in their colleagues, the internal affairs of the organization, and the work they do. “According to Gallup’s State of the Global Workforce: 2023 Report, disengaged employees cost the world an incredible $8.8 trillion in lost profits”.