In order to increase
competency, organizations today, are heading towards feedback surveys. It keeps
them updated about their performance and progress. The survey is conducted to
know about individual’s performance from different people with whom the person
interact on daily basis. Team leaders, managers, co-workers, clients are the
ones who participate in feedback surveys. Employees get to know about many
aspects of their performance in the workplace and how they are contributing to
the organizational growth. The 360 Degree Feedback survey system helps organizations to conduct the appraisal
process smoothly and give individual and team feedback reports to better
understand their workforce.
Outline of 360 review system
360 Degree review is
conducted in a confidential manner and receives feedback from a variety of
perspectives. It helps managers save time and maintain distance from stress.
·
Prepare Leaders
·
Keep an eye on performance and development
·
Handle cultural changes
·
Evaluate organization performance with individual’s performance
·
Accelerate appraisal process
Benefits of 360 Degree review system
This review system has
different varying out-turns on individuals, team, and organization.
- On Individual: Individuals get to know about themselves and their performance from the perspective of others. It helps them to improve their performance and they get to know where they are lacking and what the possible scopes of improvement are. They fulfill their responsibility better and grow their career.
- On Team: The feedback system helps a team to increase communication between its members and understand each other’s needs better. It stimulates stronger relationship and mutual understanding. Team members learn to promote teamwork and each member gives its contribution to the team development.
- On Organization: Organizations get to know their employees better, how they are performing and contributing to the organizational growth. It helps to increase competency and performance of the organization. Companies improve their customer service by involving customers in the evaluation process.
More than 85% Fortune 500
companies are adopting 360 degree Feedback mechanism as the mainstay of their
leadership development process. Individuals are
appreciating feedback system as they could evaluate their performance, find
better ways to improve their competency and enhance their interest towards
their job.
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