This evaluation concept is effective at determining employee and company growth. Most of the time, people who have leadership instincts are ignored which leads them to leave the firm. This in itself is a loss to the company. 

360 degree evaluations provide the opportunity to receive confidential performance feedback from team leaders, subordinates, customers, clients and of course board members. 

Evaluations can be administered online, as the individuals being evaluated simply provides the names and email addresses of the contacts that will provide input. The information with instruction is then emailed to each evaluator. The report generated will be compiled with comments added to it, enabling the leader to compare their own self assessment to the 360 evaluation of the respondents.

When these assessments are implemented, team members feel more involved and accountable for each others success. A well organized and communicated process improves and strengthens team interaction and encourages collaboration and ongoing feedback. Feedback received is a road map to help you develop and become a better leader.