How do 360-degree appraisals work?

Additional Resources

1. 360 Degree Feedback as a Technique of Performance Appraisal: Does it Really Work?
   The overall performance of a firm is mostly dependent on the individual and group performance of the organization. Performance appraisal is a continuous process of monitoring, managing and correcting the individual performance of entire workforce. 360 degree feedback is considered as one of the yardsticks of performance appraisal process which reduces and changes the traditional supervisor based appraisal method. This qualitative study has been carried out to discover whether 360 degree feedback is effective as the part of overall performance appraisal process highlighting results from previously conducted researches and also, made an attempt to deliver some recommendations about how to use it more efficiently. Results from the previous studies revealed that 360 degree feedback is an effective method for appraising employee performance despite of having a few drawbacks and can be more useful if integrated with some traditional methods.
   https://abc.us.org/ojs/index.php/abr/article/view/21
   

2. 360 degree appraisal: What you need to know?
   A 360 degree appraisal is a holistic employee review process.
   It involves gathering the anonymous views and opinions of colleagues, managers, and direct reports, which is used to give an employee well-rounded and constructive feedback.
   This type of appraisal may also take insights from clients, vendors, or consultants – providing they work regularly with the employee being reviewed.
   360 degree appraisal: What you need to know | reed.co.uk
   

3. How Does a 360 Degree Performance Appraisal Work?
   The great thing about management theory is that it gives us some fantastic tools and strategies to improve our organizations.
   Using some of these great tools can give us the opportunity to really understand what's going on in the organization, down to the basic structure. Choosing the right tools and processes is crucial - you can't build a better organization without the right tools!
   360-degree performance reviews are an excellent way to collect feedback from a variety of sources within your company, providing detailed feedback on an individual employee.
   It helps to learn more about each employee, not only from the perspective of management, but also from the perspective of other employees who work as colleagues with the employee being evaluated.
   If you are curious about 360-degree performance reviews, in this article you will learn what they are, how they work, and the advantages and disadvantages of using the 360-degree approach in your company. Read on to find out more - and remember that you can find many useful tools for your business on a great platform like IceHrm!
   https://icehrm.com/blog/how-does-a-360-degree-performance-appraisal-work/
   

4. THE IMPACT OF 360 DEGREES PERFORMANCE APPRAISALS ON EMPLOYEE RETENTION
   The performance assessment is an annual examination of the performance of all workers to enhance the operations of the company and maintain an internal, pleasant climate. The quality of employee performance is judged primarily. William said performance evaluations also contribute to the preparation of a career plan for every junior and senior workers. It is regarded as a tool to enhance the performance of workers via further coaching and training. It attempts to identify individual deficiencies and carry out the training required to increase productivity and optimize each employee's capabilities. The purpose of this study is to investigate the links between performance assessments and work satisfaction in the Lebanese banking industry. This study also focuses on the issues of the Lebanese banking sector's high turnover rates. The study will also evaluate the significance and importance of human resources in the banking industry in the retention of employee skills. Furthermore, in adopting methods of retention of workers in the Lebanese Banking sector the Human Resources department plays a significant role.
   https://euraseans.com/index.php/journal/article/view/249
   

5. Office Appraisals: Are 360 Degree Performance Assessments Beneficial?
   It is a corporate practice to evaluate employee performance annually. This evaluation system of checking the employee's performance as assigned by the company is called performance appraisal. A 360-degree appraisal is one such performance assessment that conducts a complete review of an employee. It involves getting feedback from their bosses, colleagues, juniors. This feedback gives a clear picture to an employee to understand how they are performing.
   A 360-degree performance rating system evaluates an employee's performance by sharing feedback from coworkers and others in the same work environment. This feedback is centred on the employee's various competencies and skills. Employees also contribute by rating themselves. Through unique feedback forms, this technique assists in identifying an employee’s strengths and flaws.
   But what is needed to use the evaluation process in the companies? There are three main reasons why organisations prefer the 360-degree performance appraisal:
   To gain a better understanding of the performance and potential of future leaders.
   To have a broader perspective on employee development and their needs.
   To collect feedback from all employees and ensure fairness within the organisation.
   During a 360-degree review a resource from the Human Resources (HR) department or a manager asks subordinates to give their perspectives. Many organisations also use online surveys to engage with employees and gather performance feedback. These surveys are valuable for gaining a clear understanding of employee performance.