The impact of feedback
With businesses under pressure and budgets even more so, deciding who to develop and progress has never been more challenging, more important or under such financial scrutiny. HR departments are responsible for delivering focused and accountable training programmes, creating up-to-date succession plans and managing talent pools, and are increasingly being asked to deliver more and to do so more quickly and for less money.
Feedback is a very powerful and surprisingly cost effective means to assess and develop individuals, teams and the business as a whole. Cost effective ‘talent’ tools are now available for organisations of all sizes and the wider benefits can be accrued without the need for full-blown enterprise systems. Used effectively, these tools allow employees to receive structured and meaningful feedback on their performance, construct focussed training plans and work experience opportunities and set realistic career aspirations. For the organisation, collating results can help inform the overall skills development plan, training and succession plans. This article examines the role and contribution that feedback can make to the development of both individual and organisational capability.