What is 360 Apparisal ?

What is 360 Degree Appraisal?

The 360 Degree Appraisal System is a performance management tool used to evaluate and provide feedback on the skills and competencies of individuals in an organization. read more...

 
What is 360 Degree Appraisal
The 360 Degree Appraisal System is a performance management tool used to evaluate and provide feedback on the skills and competencies of individuals in an organization. The primary objectives of such an exercise are:

• Reliable management evaluation/assessment
• Improved organizational & personal training/development
• Better team development
• Comprehensive & reliable multi-channel feedback
• Remuneration qualification
• Better customer service
• Promotion/layoff qualification
• Reducing discrimination risk
• Involving staff in developing their own manager

The 360 degree appraisal significantly differs from the traditional supervisor-subordinate performance evaluation as 360 degree appraisals calls for feeback on an employee from number of sources including direct reports, peers, managers and the individual. This process enables the employee to be evaluated from an all-round perspective and thereby provides more accurate information on an individual's performance over a stated time period.
 The Concept
Briefly put, the 360 degree method evaluates an employee's performance by collating it with the feedback sought from everybody else: peers, managers, direct reports as well as internal and external assessment from customers. This, along with the employee's self-evaluation forms the final appraisal. The method has been successfully employed by over 90% Fortune 1000 companies over the past decade. It has been primarily used in identifying training and developmental needs of the employees or validating ongoing training programs. It is also used in making decisions relating to promotions, terminations, pay hikes, etc.,