According to Wikipedia, 360 degree feedback is a process through which feedback from an employee’s subordinates, colleagues, and supervisor(s), as well as a self-evaluation by the employee themselves, is gathered.
When you initially introduce 360 degree feedback in your organization, most of your employees might be reluctant to participate and find the process useless. They might prefer another performance review to a 360 degree feedback survey. You have to make them realize how important these surveys are and how the surveys can be of help to them and the organization.
Here are three key reasons why you should have 360 degree feedback in your organization.
Improved Superior-Subordinate Relationship
When there’s a traditional performance review, it is common knowledge that the entire feedback process is handled by the superior employee, which of course can sometimes be biased. It is also a known fact that as an employee rises in rank in an organization, he/she receives less information about their performance which is not great but seen as a norm.
360 feedback offers an opportunity for both superiors and subordinates to give and receive accurate feedback, which in turn improves the superior-subordinate relationship.
360 feedback gives employees a broader and balanced perspective on their performance. It helps them gain a thorough understanding of their performance and allows them to improve themselves. 360 feedback tends to be unbiased and fair because employees are not judged based on expectations; instead, they are judged based on how they accomplish their tasks. What could be more free and fair?
Communication & Trust
360 feedback assesses the behaviour of employees and not the outcomes. This fosters a healthy environment at the workplace where individuals work together, committing themselves to honesty and helping each other improve their performances. 360 feedback helps team building and helps individual employees know where they stand and how they can be better. Increased communication and trust in the workplace means increased organizational productivity. Increased productivity most importantly will lead to an increase in revenue. Why not give 360 Degree feedback a trial?
Want to use 360 Degree Feedback and don’t know how to go about it? Let eWorker help you with 360 performance reviews.
Request a demo today to see how our 360 multi-rater feedback feature works!