Besides performance, there’s other factor on which feedback has also a huge impact: motivation.

When all our basic needs are secured, when we have food in the table, when we aren’t afraid to die with a bullet or sickness, when we have good friends, etc, then the most important aspect for our motivation and happiness is self-actualization — the need for learning new things and becoming better selves.

Maslow defined a set of needs that tend to lie in a hierarchy: when a lower need is satisfied, one higher is likely to take over.

Due to this, feedback will (many times subconsciously) have a great influence on why people like to work on your company, and thus influence when deciding to stay or leave you to a competitor.

That’s why giving feedback plays such a great role in a startup — feedback has a huge impact making your company better, happier, and more motivated to achieve great things.

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In the following posts this week, I will be writting about how to set mechanisms to give proper feedback. Follow this publication if you would like to be notified.