With a huge shift in the performance monitoring methods in the U.S., new and effective performance review tools are useful for organizations. Leaving the annual top-down review process behind, the modern approach relies on a comprehensive and inclusive review method. A 360° assessment tool is one of the most preferred ways by organizations to provide constructive feedback to their employees.

What is the 360° assessment?

In the 360-degree feedback or assessment, employees get performance feedback from their managers, subordinates, and juniors. Also, it includes self-assessment. The 360°evaluation method gives a clear picture of the employee’s strengths and weaknesses. It proves to be one of the best performance development plans to improve productivity.

Benefits of the 360° feedback for HR

Better employee engagement

Using a 360° feedback tool helps HR record employee feedback from all stakeholders and improve employee engagement. There is less chance of bias and partiality due to this approach. A single template is used to record responses and the total number of responses is averaged to give a total score. It is a transparent method, giving clarity to employees and helping them deliver better service quality.

Builds internal pipeline

Organizations using 360 assessment tools are known to focus on succession planning. By following the evaluation method, they can identify leadership skills and build a pool of potential leaders.

Better assessment

The 360-degree evaluation is a better assessment metric for employees as they get evaluated by all the members with whom they interact. It minimizes the chances of the halo effect, confirmation bias, or affinity bias.

Offers training

360-degree feedback is a new method of employee assessment. So, the employees need thorough training to give feedback appropriately. With a comprehensive HRIS like Workable, training sessions can be easily organized for employees.  

These days, HR can use integrated 360 assessment tools to ease the process and get timely assessment records. They help in data collection and integration and record-keeping for a comprehensive assessment.