360 Performance Reviews: Unlocking Growth and Excellence

When it comes to systems for employee interviews, the 360 interview appears as a winner in the eyes of managers. Since the 360 evaluation process includes assessments from superiors and up to eight other people (colleagues, customers or clients), it provides a diverse picture of the individual employee. Usually the 360 evaluation process also includes a self-assessment.

A 360 Degree Evaluation Is Therefore Welcome In The Management Team

Most companies have a mission statement, a vision and an objective statement. A 360 degree feedback tool gives managers insight into which attitudes and skills the company believes are desirable in order to achieve these goals. Having said that, there are several benefits associated with 360 conversations, but the company must be committed to the process - if management does not have a good implementation and follow-up plan, the system will fail and may even produce undesirable results.

Implementation and Maintenance of a Plan for 360 Employee Interviews

• The most important thing to succeed in implementing and maintaining a 360 degree evaluation program is that the board and senior management buy into it.
• Design the measurement parameters in the program so that they measure the core competencies that are necessary for an employee to succeed in the company, and so that they contribute to the company succeeding in achieving the goals set out in the vision and vision statement, as well as the company's goals.
• The assessments should be carried out confidentially, so that the employees feel confident that they can give constructive feedback. Many companies use an outside company to administer an online survey. In addition, many companies have · adopted a cloud-based service that manages the entire process of employee interviews. They collect data from the company about attendance, productivity and other key figures that fill in corresponding fields in the completed 360 degree survey. These companies can also be integrated with payroll and personnel systems.
• Give all employees training in the process, so that it is understood by everyone in the company. The assessors should be trained to give feedback that helps the employees to develop. For example, it is far better to say that "it would be better if the safety committee met once a month instead of once a quarter", than to say that "my boss is bad at communicating". The first statement is explicit and targets an area that needs to be improved.
• In addition, you must ensure that the purpose of the evaluation process is to ensure employees' progress and development, not to monitor their performance.

The Benefits of a 360 Degree Evaluation

According to the Conference Board CEO Challenge, which is an annual survey of 500 managers from around the world, it is a problem for many managers to identify and develop employees with great potential. One tool that managers use to find new talent is the 360 degree feedback process. For more than 15 years, the Association for Talent Development (ATD), formerly known as the American Society for Talent Development (ASTD), has followed the use of 360 degree feedback. According to ATD, most companies that use 360 degree feedback are satisfied with it as part of the employee interview. They described the following features as what they liked best about the process.

1. Better feedback from multiple sources

2. The role of process in team development

3. Improvement of both personal and organizational development

4. The importance of the process for employees' career development

5. The way it reduces the risk of discrimination

6. Improved customer relations

7. It is a good starting point for organizational development

Although the 360 process is an important tool for identifying employees who may be suitable for higher management, it should not be the only evaluation tool. Pay questions and assessments related to pay should be about the employees' goals or skills using measurement methods that the employees understand.

Incorporating 360 performance reviews is a strategic move for organizations committed to unlocking growth and excellence. Diverse feedback sources, improved team dynamics, and enhanced career development are just a few benefits. IceHrm provides a seamless solution for effective implementation, making it a key player in fostering continuous improvement and success.