360 Degree Appraisal is a process in which employees receive confidential and motivational feedbacks from people who work in the same organization. The people mainly consist of the employees, peers, managers, customers, and clients. The 360 Appraisal is an online form which can be filled by random employees to highlight the performance or problems which they face while accomplishing their task and targets. The online 360-degree Appraisal consists of a wide variety of questions which cover a wide variety of questions relating to the workplace performance. The people who are filling out the forms are approximately 10 to 12 employees. The form includes raters to rate the performance of the employees about whom they are filling the form. Written comments are also important so that the 360 degree appraisal tool can deliver the information to the top management about the weakness and strength of their employees.
From the management point of view, it is a SWOT analysis tool which gives the managers and employees the adequate assessment of the employee’s strength, weakness, and their opportunities and threats which they face while working in the organization. The 360 appraisal feedback system generates the final report of all the people working in the organization starting with the lower level workers, employees, managers, supervisors and to the top level management. The report assists the managers and top level management in taking corrective actions and executes training so that the employees’ performance increases and they can achieve their targets and finally become competent.
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The 360-degree appraisal system also helps the employees who are not in the management position and are mere workers of the company. The 360 Appraisal is a management tool which helps the top level management understands the employees’ needs and also the effect they put in to improve their performance as well contribute to the growth of the company. The workers can also use the 360-degree appraisal assessment system so log the problems or the training that they require to improve their performance. The assessment is important so that the employees focus on their current role and also move up the hierarchy structure and get into the management positions.
The system is used mainly to impart training and development techniques so that the employees (workers, supervisors, managers) to put their best foot forward for the overall development of the employees as well as contribute to the profits of the businesses. The management uses the 360 degree appraisal applications for the promotions and increasing the pay salary and wages of the employees. It also acts a problems solving system for the employees as they can tell the management all the problems they are facing while working in the company. The employees may face problems from their peers, managers, supervisors, and even from the management decision regarding a particular scenario. This tool is one the most effective and amazing development tools which allow the management in taking corrective actions in increasing the performance and profits of the company.
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