Re: 360 degree feedback system
360 degree feedback or assessment is a feedback system where an employee receives feedback from all the people around him related to business. In 360 degree feedback, a feedback about the employee is received from everyone with whom he has interacted with in the course of executing his job responsibilities. 360 degree feedback is obtained from peers, teammates, subordinates, direct reports and even external parties like suppliers and vendors.
360 Degree Feedback is a type of feedback which is done by managers to understand the performance of an employee, and used in the appraisal process. This feedback is a part of the organizational feedback which is intended to improve the quality of employees in the workforce.
It is essential for an organization to evaluate the performance of its employees. If an employee is under performing, they must be warned and if they are doing well, they must be rewarded. This can be done by understanding their performances based on a feedback. This is why 360 degree feedback is important to an organization. This feedback may be used as an input to the performance appraisal process. It may also be used to identify competency gaps to administer relevant training to the employee. Such feedbacks can help in training & development programs of employees, and help in their career development. Important employee skills like leadership, time management, team management, communication management etc can be developed. Similarly, a feedback from vendors & suppliers, known as 540 degree feedback is also used by companies.
Advantages of 360 degree feedback
There are several advantages of 360 degree feedback. Some of the benefits of such a feedback system are as below:
1. It helps in evaluating the overall performance of an employee
2. 360 degree feedback gives a complete view of the work the employee has done, and just based on some supervisors review
3. This feedback shows all the competencies of an employee across various domains and verticals of business
4. Based on 360 degree feedback, new training programs can help develop the employee even more
5. The employee can work on his or her shortcomings based on the feedback given by everyone
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