Final answer:
The true statement about employee feedback is that it helps leaders identify the firm's strengths and weaknesses. Employee feedback is integral for organizational growth and creates a culture of open communication and improvement.
Step-by-step explanation:
The true statement about employee feedback is that it helps leaders identify the firm's strengths and weaknesses. Effective feedback, whether positive or negative, is crucial for the growth and development of employees as well as for organizations to achieve their broader goals. Performance appraisals and feedback systems are designed not only to assess employee performance but also to drive improvement within the organization by highlighting areas that need attention. Moreover, by fostering an open feedback culture, companies are more likely to become desirable workplaces, encouraging open communication and collegial relationships between managers and employees. It is essential to remember that employees often seek feedback actively and when done correctly, feedback can improve performance and motivate employees effectively.