The Feedback Famine is a vacuum that occurs when people do not receive enough information about their performance. We are not talking about formal performance feedback but ongoing, regular and informal feedback. It is timely, specific and may help the individual receiving
Feedback is the cheapest, most powerful, yet, most under used management tool that we have at our disposal. Feedback is powerful as it helps people get on track, it serves as a guide to assist people to know how they and others perceive their performance.
Feedback can also be very motivating and energizing. It has strong links to employee satisfaction and productivity. People like to feel involved and identified with their organisation. Feedback can help achieve that state.
It is useful information that can inform our decisions and strategies.
Feedback
is a way to let people know how effective they are in what they are trying to
accomplish, or how they affect you. It provides a way for people to learn how
they affect the world around them, and it helps us to become more effective.
If we know how other people see us, we can overcome problems in how we
communicate and interact with them.