360-Degree Feedback is a review process where employees anonymously receive feedback from those who work with them.
In most organizations, the core purpose of the 360 Degree Feedback process is to effectively drive development and help people recognize their strengths and weaknesses.
360-Degree feedback benefits leadership, teams, and the entire organization immediately.
Here's how the benefits of an actionable feedback affect different levels of the organization differently.
2. WHAT IS 360-DEGREE FEEDBACK?
The core purpose of the 360 Degree Feedback is employee
development as it helps employees get anonymous
feedback on strengths, weaknesses, and areas for
improvement from colleagues who work with them closely.
3. BENEFITS OF 360-DEGREE
FEEDBACK
Conventional appraisal systems can seriously affect and
be affected by superior-subordinate relationships.
Factors like reviews being based on recent performance
while employees expect an evaluation of the entire year’s
performance also leads to a deep-seated mistrust of
traditional annual reviews.
The benefits an actionable feedback offers affect different
levels of the organization differently.
4. BENEFITS TO AN ORGANIZATION
01
Effectively links and reinforces competencies, behaviors,
and skills that shape the department or organization’s
overarching visions and goals.
02 Reduces job overlap along with inefficient use and wastage of
an employee’s particular talents.
03 Maintains an inclusive outlook, preventing workplace discrimination.
04
Makes management more systemic and better equipped to lead
with access to in-depth data gathered from both qualitative and
quantitative feedback.
05
Increases accountability within the organization, with employees
acutely aware of the specific achievable goals that they are expected
to meet.
5. BENEFITS TO AN INDIVIDUAL EMPLOYEE
01 Boosts self-awareness to include not only strengths and weaknesses but
also insights into particular workplace behavior and interactions.
02 Kickstarts development of new skills and behavior along with
building upon already existing strengths.
03 Broadens perspective to include opinions others have on their ways
of work.
04 Improves team dynamics and productivity.
05 Allows an individual to uncover blind spots and understand hidden
skills or actions they might have overlooked
6. BENEFITS TO MANAGERS OR LEADERS
01
Employees being empowered to provide honestly, upward feedback gives
managers and executives, in turn, a fresh perspective on their leadership
skills and behavior.
02
The anonymity ensures the feedback is candid and that raters
have no fear of retribution.03
Relatively low initial upward feedback getters usually tend to receive
better ratings with time and effort.
04
360 degree feedback directed at leaders and managers reflects well
on management as one that cares about the opinions and
satisfaction of its employees.
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