The program can have a great impact on your bottom line. If you have been using different tools, you can understand the value of tools in contemporary business world. However, if you are hesitant to employ the tool of 360 degree feedback performance appraisal then you definitely

Before you go through advantages:

360 degree program is a means of development that is based on getting feedback from manifold sources. Since feedback gets derived from a huge variety of perspectives, it is even known as multi-rater feedback or assessment.

The Feedback givers can be:

• Leaders
• Manager
• supervisor
• Peers
• Human resources staff
• Subordinates

External feedback givers:

• Clients
• Venders
• Suppliers

To gather feedback, respondents are Catered an assessment where they share their views of an employee’s behaviour or performance. The employee also finishes a self-assessment that gets compared with the other feedback. It simply means that the leader gets a seasoned view of their attitudes, performance and behaviour. The employee getting the feedbacks cannot raise a finger on the feedbacks received because the raters were from different levels of the organisation.

Advantages of 360 degree Program

An increase in self-awareness

It is a program that helps employees become much more aware. When others cater feedback, a person gets a complete view of themselves. Such a feedback is not at all prone to being one-sided and biased.

Highlight the weaknesses and strengths

A 360 review is a great tool for highlighting the strengths and weaknesses of leaders and even any employee. In the conventional time, employees used to get feedback from only their supervisor and it produces a one-dimensional perspective. However, today the things have changed terrifically. Actually a main goal of 360 feedbacks is for those dark and blind spots to be exposed in a safe way. Such types of blind spots, when they are weaknesses, can be harmful to the employee and to the company. Of course the sooner the employees get to know about their weaknesses, they can work on them and turn them into their strength. It should never be forgotten that change is the law of nature and only change can bring productivity in the organisation. If the employees are not aware of their weaknesses or shortcomings, they are never going to work on them. So, in a sense the program helps them to identify their weak links and then work on them.

Similarly, discovering unknown strengths can also be impressively beneficial to the employee and the company. The crux of the matter is that the staff member is ignorant of them and they require to be brought to light in a productive and constructive manner. Moreover, to reveal a strength and then work on it to improve on it generally produce the maximum growth. At the same time, improvement zones can be worked on so that they are not going to be a deterrent.

Boost morale and confident

It is a program that can effectively increase the confidence of the employees. It does so by getting them positive feedback. Certainly when a person, employee or leader gets to know about the good feedbacks, they become more confident about their growth and skills. The employees might even begin to feel better about the company as well. It is the thing that boosts morale inside the workplace. The main thing here is that the feedback gets conveyed in a positive manner. Certainly when the employees get to know that their hard-work is getting acknowledged, they end up with a sense of achievement. Such a thing leads to enhanced confidence and better morale. The employees will be motivated to do even better and give their two hundred percent.

Openness in working setup

Often it has been seen that the employees are not open about their peers, superiors, seniors and other working staff. Well, they might have some sort of reason behind such a hesitation. But when there are 360 feedback programs, the hesitation evaporates. There comes openness in the working setup. Since the name of the feedback givers is not revealed, there remains harmony. Certainly, people can be open in their feedbacks and write everything they have in their mind that too without any fear or influence.

The Voice Factor

It is absolutely important for employees and leaders to feel they have a voice. When employees or individuals working in the organization feel that they have no voice, they swiftly feel less empowered and turn out to be disengaged. Over the time, such a feeling gives an employee an impression that they don’t matter to the organisation. These things not just lead to low involvement and less effectivity in the work but also keep the individuals in shallow spirit.

Supports Continuous Progress

The chief evidence behind continuous improvement is that it is an ongoing process. It highlights incremental change over advance change, although both can play a vital role in the development. Such training is ideal for continuous improvement because it underlines and highlights improvement areas. Of course, once the employees get to know about their prior performance and what others have to say about their tasks; they can improve their ways of working and hence it leads to development of not just the employee but the entire organization too.

Conclusion

Thus, the point is simple that every single person working in your business must change or they might turn out to be stagnant. The same stands true for organization. It must change or it might become stagnant and caught up in the yesteryear.