The 360-degree feedback or the 360-degree assessment is considered to be the holistic view of the employees simply by collecting the feedback from the peers, direct reports, and the manager of the employer. To say in simple words, 360-degree assessment is a multi-source appraisal program that addresses the essential competencies and offers opportunities to the employees to develop their skills.
The 360-degree appraisal system gives everybody the opportunity to offer helpful and effective feedback in a confidential and constructive fashion. If it is done in the right manner then this feedback program has a lot of benefits. Take a look at some of the benefits of the 360-degree program for employees.
One of the significant benefits that an employee obtains from a 360-degree feedback is that it helps in augmenting self-awareness. The employees who participate in it are offered a given report which includes the areas of improvement along with the strength that they have. Thus, it helps the employees to understand the behavior that they have and how they are perceived by the other employees in the company. The employee gains a deeper understanding when the employee compares the rates with the self-assessment.
The 360-degree feedback proves to be useful for employees since it offers a balanced and all-round overview of their behavior and skills. In this appraisal program, the feedback isn’t offered by the superior but also by the various other people working in the company. This offers an accurate and fair picture regarding the behavior of the employee.
The 360-degree review helps in identifying the strength of the employee. It is important to unearth the strength to acknowledge, as well as for personal development. If a person is able to understand their strength in a particular aspect then it enables them to create a proper development and training plan. An employee might be strong in a particular field but they will excel when offered with additional feedback. Development of strength is important for the growth of someone’s career.
Exposes Blind Spots
The 360-degree feedback is a multi-source feedback which helps in exposing the blind spots of an employee. Thus, the employee is able to understand the behavior that they are showing but not be able to realize it all by themselves. Exposing the blind spot is essential for the consistent development of the employee. If the blind spots are highlighted then the employee will focus on the learning and development requirement which are applicable for the over-looked behaviors.
Development of Skills
One of the significant aspects of the 360-degree feedback is that it offers the employees with a starting point to development new behavior and skills. This means developing new skills while strengthening the current ones. The appraisal programs give the employees an ownership over their improvement. This leads to an increase in their accountability and gives a control over their career. Since they have the central role their own feedback, it increases their engagement in the feedback program.
An effective 36-degree feedback can offer enormous benefits for the employees taking part in it.