Do you have a problem retaining your employees? Keeping good employees can be a challenge, especially when there are other companies who will compete with you for their service. Letting your employees know that they are valuable to your business by evaluating their performance in a timely organized manner is good for morale and can lead to increased performance. Failing to do so can lead to a high turnover rate. Going about 360 degree performance appraisals in a haphazard manner can often leave employees feeling frustrated and looking for the door.

Ineffective employee performance evaluations tend to focus mostly on what the employee has done during the evaluation period and what they need to do to improve their performance. The problem with this type of evaluation is that it only points to the performance of the employee and does not take into consideration the tools that are or are not available to them. It also negates the effect of poor business practices, the lack of sufficient resources, or poor production plans.

Generic evaluation tools are narrow in scope when performing employee appraisals. They may be a common tool for human resource departments because they are a consistent method of evaluations and reviews but they are not the best tool for a true 360 degree evaluation of an employee’s performance. The main problem with generic evaluations is that neither your employee nor your business is static, so how can a generic purview of their performance give a true picture?

This type of employee appraisal process can lead to frustrated employees, loss of morale and loss of production because it encourages negative feedback. Moreover, it can lead to a high turnover rate if your employees feel that haphazard evaluations have no value to them and that they are only jumping through hoops and performing for a thankless audience. Employee turnover is costly and replacing a lost employee can often be avoided with proper feedback from management and peers.

Let your employees know that you value their service by giving them a performance review that helps them grow and gives you a better understanding of their performance over time. Using 360 degree reviews to evaluate the performance of your employees can give you and your employees a unique insight into their strengths and weaknesses.

Implementing 360 degree reviews in your business can lead to increased morale and better performance. Are your employee reviews leaving your employees feeling undervalued or not heard? Grapevine Evaluations solves this issue with our multi-rater feedback tool, where everyone who works with an employee will be able to provide honest feedback for him, which can identify how the employee can improve.

Let us walk you through our simple, customizable product, or take a tour on your own, and learn about updating your employee evaluation process so that you can keep your best employees, and provide incentive to the whole team to excel.