360-degree feedback is a method of assessing individuals where the feedback comes from many sources, providing a more balanced evaluation that is usually more accepted by review subjects as fair and objective.
360 feedback is a method of assessment that can enrich an organization's human resources through the identification of individuals' personal development needs, improved feedback and teamwork, and better career development. The end results include improved customer service and a better "bottom line."
When it comes to evaluating their employees, executives find that accurate feedback can often be very difficult to get. People tell them what they think they want to hear, rather than what they need to hear. This is where 360-degree feedback can help because the feedback comes from multiple sources and is anonymous; it provides executives with exactly what they need: frank evaluations.
Standard performance appraisals are quite often linked to things such as how much a person's pay rise will be. 360-degree feedback has a different focus - an individual's development.
Warm regards,
Krish
www.acengage.com