The benefits of 360 feedback - for individuals and organisations
The benifits to the organisation and the individual are:
Organisation:
- A cost effective and quick method of gathering information and supporting the development of their managers and leaders
- Involves people with different perspectives in different roles and at different levels
- Provides both quantitative and qualitative data which can directly inform talent management and succession planning stategies
- Provides a sound basis for development planning and performance improvement
- Offers a fair and transparent process that will encourage an open culture that values feedback
- Encourages a commitment to continuous development
- Reinforces the link between behaviour and performance which can help to build a performance culture
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Individual:
- Provides an opportunity to find out the opinions of the people they work with
- Feedback is more likely to be accepted as it is coming from a variety of sources
- Can improve the dialogue between appraisee and manager
- Encourages increased self-awareness which can improve working relationships with colleagues, customers, suppliers and partners
- Encourages a focus on personal development which will lead to improved personal effectiveness and performance
- Helps them to feel valued by the organisation and can lead to increaded engagement, loyalty, and job satisfaction
- Improve team- working by raising awareness of how others perceive individuals as a contributor to the group
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