Why You Need to Make 360 Degree Review A Frequent Activity?

A 360-degree review is a systematic multi-source feedback system that gives panoramic view on an employee’s performance, based on different parameters. It focuses more directly on the skills and contributions that an employee makes.

Multi-rater performance feedback is collected anonymously from multiple sources, including peers, direct reports, seniors and colleagues covered in one’s immediate work circle. 

This well-rounded unbiased performance feedback is useful in identifying employee strengths, weaknesses, and areas of improvement, and in preparing corrective development plans. 

Multi-Rater Assessment Is Essential for both Employees and the Leadership 

360 degree review is helpful for employees as well as the leadership. The leadership interests lie in knowing how well the employees are performing and are they meeting company’s objectives.

Employees undergo 360 performance review to get fairly evaluated on multiple skills.

A well-managed Peer Feedback and 360 Degree Review process makes team members more accountable to each other, by providing input on each member’s performance. This improves overall team development and communication. Employees believe that holistic 360 feedback is more accurate, reflective of their behaviour and performance, and most importantly, more validating than receiving feedback from a manager alone. 

360 degree assessment also supports manager’s effectiveness evaluation. The person is examined on multiple parameters, such as leadership qualities and management skills. All the responses received are kept confidential and anonymous. The summary of all feedback received is used to assess areas for management training. 

It helps managers to develop their skills, and employees feel valued as they have a say in the feedback process.

Overcome Challenges in a 360 Feedback Assessment 

Organizations often face trouble in implementing 360 feedback correctly. Experts believe that they experience failure as they are unable to involve right stakeholders, clarify purpose of evaluation to the stakeholders, maintain confidentiality, use the right parameters for assessment, and develop a corrective action plan. 

The shortcomings in a traditional 360 feedback process can be overcome with the automation of the process. Automating 360 review significantly saves times and the results are more authentic. The automated software simplifies the process by creating an evaluation system, monitoring the process at each step and generating reports in just a few clicks. It enables organizations to accomplish employee performance evaluations and conduct multi-rater assessments with remarkable ease and simplicity. 

The feedback reports empower employees to identify gaps between their own feedback inputs and from different stakeholders.

The features of a cloud-based 360-degree review software offer few benefits, such as:

·          - Increased self-awareness

·           - Improved personal and professional development

·          - Enhanced performance

·          - Increased accountability of all stakeholders

·          - Improved work relationships

Automating 360 review guarantees unbiased feedback, balanced view to employee’s performance and behaviour, improves work relationships and increases self-awareness among employees.

As evaluating employee performance is important for a manager, similarly, receiving a well- rounded feedback is valuable to employees. Give opportunity to every employee in your organization to get a holistic view on his or her performance through a 360 degree feedback process.