Improve performance and efficacy with 360 degree feedback
The concept of 360 degree
evaluation has become increasingly popular in the business organizations today. It refers to a system or process through which the employees receive valuable feedback from multiple sources with respect to competencies related to the workplace. The received feedback is collected from the other employees, colleagues, peers, subordinates, supervisors and managers. 360 degree evaluation is quite an efficient way to acquire valuable information which can be used by the management during the decision making process. As such this system finds lots of importance in the human resource and research field.
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The 360 degree feedback
helps the managers and supervisors to comprehend the strengths and weaknesses of their employees. It helps them to determine the training and development needs for the employees. This evaluation method also offers a perfect opportunity to the employers to appreciate the achievements of the staff and thus boost up their morale. The results obtained from the evaluation process are tabulated automatically in a simple and easy to use format which helps to make an efficient development plan. Likewise, employees get to know about the areas where they are doing well and also the areas which need improvement.
Thus the 360 degree feedback system provides an excellent tool to the employees, which helps them to develop efficacy in their existing roles.
However, keeping the survey anonymous and confidential is very important as to get an open and honest feedback from the employees. This kind of feedback helps the employees to understand how their colleagues and subordinates perceive them. And in turn the employees cultivate behaviors and skills which help them to perform in a better way in their given responsibilities. This appraisal method also helps to unveil areas which can probably miss in other evaluation methods. Thus, the 360 degree feedback
can be efficiently used as a development tool for the business leaders to enhance their company’s overall productivity and performance.