Importance of using 360 degree assessment in employee appraisal

Many companies across the world take benefit from the 360 degree assessment. It is so popular because it is easy to put in place, you can use it for several industries, and it is affordable. It is also incredibly effective for performance management and improvement. Addressing the feedback system in employee management is crucial. While employees usually receive feedback from their managers during quarterly or annual performance reviews, more is necessary. Peer feedback is important in enhancing employee performance as colleagues better understand the nature of work than managers. Thus, receiving feedback from peers is equally important.

What is 360 degree assessment?

Whether using a 360-feedback tool or organizing your 360-feedback survey, the basic objective is the same. You can collect feedback on an employee’s performance from the team members who act together with this employee. This comprises the employee’s manager, any direct reports, and peers. In maximum cases, the employee also finishes a feedback form. Because all participants respond to the same questions, a report enables the employee to see where their perceptions vary from those of colleagues. A 360 degree assessment is organized around important goal areas, asking participants to offer responses on a rating scale and in open-ended responses. Responses to 360-degree appraisals must always be completely confidential or even anonymous.

Benefits of 360-degree feedback

360 degree assessment is an employee development tool that helps build a skilled, engaged, dynamic, and productive workforce. Because of its numerous benefits, maximum Fortune 500 organizations are utilizing it for workforce development. The below-mentioned section talks about the benefits of 360° assessment in an organization.

Better feedback from multiple sources

Getting feedback from supervisors, peers, and oneself proves to be more advantageous than receiving feedback from one individual. Employees get feedback more often, and peer feedback is just as advantageous as feedback from superiors.

Opens the communication channels

Adopting the 360 degree assessment practice enables workers in the company to comment on each other’s work. This unlocks an environment high in communication and enables them to address and resolve the problems. Companies and organizations that converse effectively are often more likely to retain the best employees.

Career Development

360 appraisals offer employees valuable feedback about what they need to do to further their careers. With a 360 process, employees get multiple chances to learn what they are doing well and what needs improving.

Improves decision making

360-degree feedback is an outstanding tool for managers to gain important insights into employee performance. This helps managers decide about employee promotions, development, and job assignments. With feedback from multiple sources, managers can recognize employees’ strengths and areas for improvement.

This information helps managers offer targeted training and development programs that enable employees to develop in their roles. Moreover, 360-degree feedback highlights prospective leaders and helps managers prepare them for leadership roles. This approach results in better decision-making, enhanced employee performance, and organizational efficiency.

End note

A 360 degree assessment frequently needs to be clarified or used interchangeably with performance evaluations. Understanding that 360-degree evaluation is the introspection and improvement for the employees themselves. This helps to take the pressure off employees. You use a 360-degree evaluation to collect feedback from multiple sources—managers, peers, subordinates, and leadership—to find areas of improvement and strengths. While it can also have questions regarding performance, it does not have the same goal as direct performance evaluations.

Mercer | Mettl offers the best 360 degree assessment templates completely customizable to meet your needs. So, if you are all set to achieve 360-degree insight and team performance, sign up to gather significant feedback on employee performance from co-workers, managers, subordinates, and peers. 

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