One thing that all of us know by now is that feedback is an essential part of not only an employee’s growth, but also for the growth of an organization.
As businesses face major internal and external challenges, the key to withstand the tremors is to have a cohesive team who knows the strengths and weaknesses of each other. It would only be possible by one thing: 360-degree feedback.
So, what exactly is 360-degree feedback and how can it help in the growth of an organization? Let’s find out:
It is a feedback process in which every employee gets performance reviews from not only his manager, but also from a group of his co-workers and even customers. In short, 360-degree feedbacks analyses a person not only as an employee but also as a co-worker and staff member as well. This, in turn, gives a well-rounded analysis of a person and hence, leaves a larger scope of improvement.
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So, that brings us to why would an organization opt for this kind of a feedback program. Well, to put it in a short way, 360-degree feedbacks allows a person to know what his peers think about him, and further assists him in acknowledging his true strengths and weaknesses. At the same time, it also empowers him to contribute to the team and an organization to ensure an overall growth of the company.
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Now that we know how crucial 360-degree feedbacks can be, it is quite understandable that they can reap wonderful results for an organization if implemented properly. Let us take note of certain key benefits that 360-degree feedbacks bring to the table:
Now, it is not just the supervisor or the manager who has to keep an eye on every employee. Rather, everyone is looking at everyone else. This increases the chances of a more holistic outlook towards a person and the fact that an employee is judged even as a co-worker and staff member increases the scope of the feedbacks and ultimately improvement.
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Team Development
Because peers are also keeping an eye on their colleagues, it brings them to a point where they know about each other’s strengths and weaknesses. This, in turn, leads to a better understanding amid the team and hence, draws out better productivity than before. Having a team that truly recognizes all the constituent members is significant for the growth of an organization.
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Personal And Organizational Development
Feedback is essential, in any form. It helps employees in understanding their role within a team and also the expectations an organization has from them. On the other hand, employees too can let the organization know what they feel about the proceedings. This way, the growth is mutual and the workplace eventually becomes a merry place to be.
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So, here were a few benefits of 360-degree feedbacks. If you found this article informative, let us know in the comments below.
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