As a business head, you need to make sure that the employees in your company receive useful feedback on a regular basis, so as to help them to hone their skills and enhance their performance. The feedback is received from multiple sources, like managers, supervisors, colleagues, peers, subordinates and stakeholders about the performance and behavior of the target employee. This feedback goes much beyond the yearly performance reviews and provides comprehensive and balanced employee reviews which help them to perform better at the work place.

The best part about 360 degree evaluation is that it helps the employees to know about their weaknesses and strengths and also find out ways to work on these. Also, the business organizations are able to determine the training and development needs for certain employees so as to enable them to contribute to the organization overall growth and development in a better way. The employees get to know how their performance is perceived by other employees, which helps them to make an efficient improvement plan. Organizations get this benefit of having a highly developed and efficient workforce and also increased quality and productivity. Thus, the 360 degree evaluation is an excellent development tool which helps both the employees and organizations equally. However, in order to make the most out of this brilliant tool it is quite important to conduct the evaluation process in a proper and effective way.