How 360 degree surveys can benefit your business organization?
One of the most perfect methods developed to improve efficacy at work is 360 degree evaluation method. Today, more and more business organizations are using this appraisal technique to provide the employees useful feedback for growth, development and career advancement. This kind of feedback completely differs from the traditional evaluation or appraisal, as it helps to collect feedback from multiple sources. The feedback is collected from managers, colleagues, supervisors, peers, subordinates, stakeholders and clients and then thoroughly compiled to give a rounded impression of the employees’ performance. The 360 degree surveys
offer valuable insight and information, unveiling areas of improvement or concerns, which otherwise could have been missed in other evaluation methods.
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This kind of evaluation method is also good to assess leadership qualities to determine how the leaders and managers are actually perceived by the employees. Thus 360 degree surveys are one of the efficient ways to forge growth and development in the organization. Since this kind of feedback is very thorough, thus it is most likely to be taken personally, as compared to other performance evaluations, thus it is essential to prepare the employees before receiving the feedback. A 360 degree survey generally consists of the ratings of competencies and behaviors with a range of open ended questions.
This appraisal method proves extremely useful, as it helps the employees to identify their strengths, as well as weaknesses and find out ways to work upon these.
Thus, the feedback so received motivates the employees to perform even better at the work place and contribute towards achieving organizational goals in a significant way. So, with the help of 360 degree evaluation, every employee can see and understand that what all it takes to enhance their efficacy and performance at the workplace. This also helps the management to identify training and development needs for specific employees, so as to improve the areas where they are lacking behind. Hence, 360 degree surveys help to improve the overall productivity and performance of the organization.