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Importance of 360 degree surveys in today’s corporate environment

In today’s competitive business world, it is extremely essential for the employees to find out the ways in order to collect valuable information about employees and the workers. Employers need to implement different ideas and methods to know about employees’ performance and how it can be improved to enhance productivity and the company’s bottom line. One good way to get correct information about performance of the employees is to conduct 360 degree surveys. This is an excellent performance evaluation process as it offers a comprehensive assessment of the employee’s behavior and performance.

These surveys are quite different from the traditional performance evaluation or appraisal as these gather feedback from various sources. This information can be collected from peers, managers, clients, stakeholders and colleagues. The feedback thus collected is then compiled to give a rounded impression of the employees’ performance. Thus, 360 degree surveys provide valuable insight and information, usually unveiling areas for improvement or concern. These kinds of performance evaluations are perfect to assess the leadership qualities and the way these leaders are actually perceived by the teams.

However, one important thing which you need to consider while conducting 360 degree surveys is that this kind of feedback is quite comprehensive so the employees tends to receive it more personally as compared to any other performance appraisal. A simple depersonalization process will help the employee whose performance is being evaluated, to take the perceived criticism and feedback in a positive manner. This process even helps to promote effective development through 360 degrees surveys. Also, the psychological experts have designed special surveying software to conduct performance assessments in corporate environment. Surveys conducted in this manner are quite effective, anonymous and efficient, including open questions for encouraging text comments and also closed questions to request for quantitative ratings. Thus, 360 degree surveys are not only a method for performance evaluations but these are actually a consistent development project.
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