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Most companies are constantly seeking effective ways to enhance employee performance. The 360-degree performiance appraisal is one tool companies can use to reach the next level of success.
Unlike the traditional performance review, which provides employees with feedback only from supervisors, a 360-degree appraisal allows employees to be rated by their managers, co-workers and subordinates.
By getting feedback from a wide variety of sources at varying levels within an organization, a more accurate picture of the employee's strengths and weaknesses emerges. As such, the employee is able to uncover any hidden achievements or blind spots in performance that need to be addressed.
This multi-source feedback also allows individuals to understand how others view their effectiveness and become more cognizant of how their effectiveness as an individual, co-worker, or employee is perceived by others. (And it's not always how one might expect!)
This new level of understanding is invaluable as employees develop professionally. Recent studies suggest that a large percentage of workers who have been through 360-degree reviews feel the feedback was more...