Are you curious about how the 360 degree review process works, but are concerned that it will be time consuming and costly? It doesn’t have to be either of those things. A 360 evaluation system provides more accurate insight into your employees’ performance, and it can be cost-effective, too – read on to learn more.

360 Evaluations: A Definition

To better understand what a 360 evaluation is, you must first be familiar with the traditional method of assessing employee performance .

The traditional method of reviewing an employee is the manager sitting down with the employee once a year. The manager discusses how well the employee fulfilled his or her duties. Many employees complain that their managers are biased against them and only focus on the negative things that happened over the course of a year.

During a 360 review, a number of people assess how well an employee does his or her job. These people interact with the employee on a regular basis; they are his or her colleagues and sometimes even subordinates. The reviewers have much deeper insight into whether the employee’s skills are driving the firm forward or holding it back. The goal of this type of review is to provide the employee with unbiased feedback on his or her performance. In addition, the 360 degree feedback assessments aims to identify professional development goals.

Innovating the 360 Review Process

Managers believe 360 reviews are costly because they take a larger number of people away from their jobs in order to carry out a task that only one person (the manager) used to do during a traditional performance assessment. However, technology has made the 360 Degree Employee Evaluation Software much more cost-effective.

Today, there are a wide number of 360 assessment software solutions on the market. When managers hear the word “software,” many of them immediately think “expensive.” That doesn’t have to be the case, though.

Most 360 review software solutions are run in the cloud, which means companies don’t have to pay pricey licensing fees. There are a number of pricing models that exist – it’s just a matter of finding the right one for your firm. Furthermore, you don’t need to invest in a customized 360 evaluation software. There are so many products that meet your needs right off the shelf.

And if your concern is not wasting valuable time analyzing reviewer feedback, stop fretting. The software presents that data in an easy to read graphical format.

Grapevine Evaluations: Improving 360 Reviews through Technology

Are you interested in cost-effective, reliable 360 assessment software?

Contact Grapevine Evaluations today. Grapevine Evaluations are trusted by such companies as Pandora, Macy’s, and Thomson Reuters.

Click here to request a demo .

See our Overview of our 360 Performance Review Templates from our Software.