What are the benefits of 360-degree feedback?
- Creates self-awareness
With 360-degree feedback, employees recognize their strengths and weaknesses and will be able to improve themselves. - Improves communications in the company
Providing feedback throughout the company will improve communications between colleagues by receiving feedback and working on weaknesses. - Provides feedback from multiple sources
360-degree feedback provides well-rounded feedback from people who work around an employee, such as managers, peers, direct reports, subordinates, and customers. - Encourages employee development
As we said before, 360-degree feedback has focused on employee development and helps employees develop personal skills. - Develops teamwork
In 360-degree feedback, team members know about each other’s performance, and it helps themwork as a team more efficiently. - Eliminates biased judgement
Due to the more number of raters who provide feedback, the possibility of biased feedback decreases significantly. - Allows employees to know how other people in the organizations perceive them
360-degree feedback gives employees an opportunity to express how they think about their colleagues anonymously.
5 tips for 360-degree feedback
- Select an effective feedback tool
- Explain the purpose of 360-degree feedback to raters
- Make sure raters provide feedback honestly
- After submitting feedback, prepare a proper report of it for employee
- In the end, it is beneficial to set a feedback discussion meeting with a coach for employee
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