People management is an inside job
Worcester Business Journal - Worcester,MA,USA
... to find what we’re looking for is why 360-degree assessments are a ... owner of a manufacturing firm, was surprised at 360 interview feedback about his ...
Executive Insights
Business Day - Johannesburg,South Africa
... We are finding more and more demand for programs that start with 360 degree feedback to participants that work with facilitators to look at their strengths and ...
Business Day - Johannesburg,South Africa
... We are finding more and more demand for programs that start with 360 degree feedback to participants that work with facilitators to look at their strengths and ...
Employee appraisal by a ‘jury’ of peers
Williamsport Sun-Gazette - Williamsport,PA,USA
... Proponents of the 360-degree feedback approach offer it as a progressive means of conducting performance appraisal. Many contend ...
Williamsport Sun-Gazette - Williamsport,PA,USA
... Proponents of the 360-degree feedback approach offer it as a progressive means of conducting performance appraisal. Many contend ...
WHAT ARE THE BENEFITS OF 360 FEEDBACK?
Broader Scope of Feedback: Feedback is received from all key stakeholders, not just a supervisor, providing a well-rounded view of how others perceive a participant's efforts.
Fair Feedback: The 360 process is conducted in a confidential setting so raters can provide accurate and honest feedback. If there are only a few rater surveys, the results are combined in order to obscure rater identity.
Self-Awareness: 360 degree feedback results are presented in a complete report that highlights the strengths and weaknesses of a participant's skills in a given set of competencies. The results give the participant a clear and accurate picture of their performance that could not be seen otherwise.
Self-Development: Getting a clear picture of performance helps identify weaknesses that need to be improved as well as strengths that can be leveraged. Knowing the skills that need improvement is the first step toward creating a plan of development for the short and long term.
Reduces Turnover & Cost: 360 degree feedback facilitates an environment that encourages self-development, which leads to job satisfaction. This minimizes turnover and the costs associated with replacing employees.
Estimates of turnover cost range from 25% to 200% of an employee's annual salary. To put this in perspective, if the average salary of an employee in a given company is $50,000 per year, then the cost of turnover at 75% of that salary is $37,500 for each employee that leaves the company. For the mid-sized company of 1,000 employees with a 10% annual rate of turnover, the annual cost of turnover could be $3.75 million!
more info....
Fair Feedback: The 360 process is conducted in a confidential setting so raters can provide accurate and honest feedback. If there are only a few rater surveys, the results are combined in order to obscure rater identity.
Self-Awareness: 360 degree feedback results are presented in a complete report that highlights the strengths and weaknesses of a participant's skills in a given set of competencies. The results give the participant a clear and accurate picture of their performance that could not be seen otherwise.
Self-Development: Getting a clear picture of performance helps identify weaknesses that need to be improved as well as strengths that can be leveraged. Knowing the skills that need improvement is the first step toward creating a plan of development for the short and long term.
Reduces Turnover & Cost: 360 degree feedback facilitates an environment that encourages self-development, which leads to job satisfaction. This minimizes turnover and the costs associated with replacing employees.
Estimates of turnover cost range from 25% to 200% of an employee's annual salary. To put this in perspective, if the average salary of an employee in a given company is $50,000 per year, then the cost of turnover at 75% of that salary is $37,500 for each employee that leaves the company. For the mid-sized company of 1,000 employees with a 10% annual rate of turnover, the annual cost of turnover could be $3.75 million!
more info....
360 News Updates
360-degree assessments
Boston Globe - United States
... One way to build a strong organizational commitment to the process of gathering 360-degree feedback is to have your organization's leaders volunteer to be the ...
In leadership lurks a deeper meaning
Globe and Mail - Canada
... common of 34 behaviours probed. Executives are quite happy to prescribe 360-degree feedback -- so long as it doesn't focus on them. ...
Lamenting the lack of a work ethic
Business Standard - India
... These are concepts you learn through 360-degree feedback and real-life interaction, not in B-school. A B-school can never teach you people skills. ...
Boston Globe - United States
... One way to build a strong organizational commitment to the process of gathering 360-degree feedback is to have your organization's leaders volunteer to be the ...
In leadership lurks a deeper meaning
Globe and Mail - Canada
... common of 34 behaviours probed. Executives are quite happy to prescribe 360-degree feedback -- so long as it doesn't focus on them. ...
Lamenting the lack of a work ethic
Business Standard - India
... These are concepts you learn through 360-degree feedback and real-life interaction, not in B-school. A B-school can never teach you people skills. ...
ISU president to get feedback on effectivenessTerre Haute Tribune Star - Terre Haute,IN,USA... Benjamin and trustees have agreed to the so-called 360-degree review, which is designed to “provide the president with feedback as to how he can be more ...
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