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How 360 Evaluations Save Businesses

Businesses fail for a number of reasons. One reason might be because the company is out of touch with market needs. Another reason is that employees aren’t motivated, and become disengaged and unproductive.

How can you tell if your employees are disengaged? 360 evaluations are surveys that provide employee feedback. These surveys tell firms how employees are performing, which helps them identify strengths and weaknesses, motivate employees to improve and reinforce company values.

360 Evaluations Helps Identify Strengths and Weaknesses
When companies perform 360 evaluations, they give employees the opportunity to share what they see going on “in the trenches.” Their viewpoint can be invaluable. If during the review process the business discovers that one employee performs particularly well, the leadership should take steps to retain that individual.

Conversely, the firm might find that an employee is performing poorly, and is in fact reducing morale in his or her department. Low morale leads to low productivity, which leads to a poorly performing company. Armed with that knowledge, managers can decide what appropriate action to take.

Motivating Employees to Do Better
Employees have the chance to see the feedback on evaluations. Being able to read what their peers think about them might be an eye-opening experience. They will learn that they have undiscovered strengths.

The evaluations will also illuminate areas in which they can improve. Either way, employees will have food for thought.

Ideally, the results of the evaluation will encourage them to continue to improve. Professional growth amongst employees leads to a more efficient, more competitive business.

A Chance to Enforce Company Values
A 360 evaluation offers a business the opportunity to ask questions about company values. Employees’ answers will tell them whether they are aware of what drives the business, aside from profits. While profits are indisputably important, a firm has to have values to which employees adhere in order for it to succeed.

Determining whether employees have any idea as to what those guiding principles are will help the business develop a strategy to reinforce them. Once the company has implemented a plan to strengthen its values education, it can measure how employees have internalized them on future evaluations.

Choosing a 360 Evaluation Tool
Are you searching for the right 360 evaluation tool? Grapevine Evaluations offers a web-based survey for companies of all sizes. Because 360 Degree Feedback runs in the cloud, businesses don’t need to download expensive software. The surveys are customizable, so your firm can ask the questions it needs and get the right answers.

In addition, it’s easy to create, distribute, manage and evaluate the survey process. The HR department can also track user participation. 360 Degree Feedback enables users to choose from a number of reporting options, meaning they get the information they want.

Contact Grapevine Evaluations today to see how 360 evaluation tool can save your company!
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