Is 360 degree feedback successful because it compiles comprehensive, trusted data on employee performance? Or is it the communicative environment that pushes employees to be the best version of themselves? Could it be a combination of the two?
Regardless of the success in the data analytics, it could be argued that the increased communication, emphasis on employee-driven statistics and initiative to drive change in the first place could be enough to positively impact employee performance. Below are five reasons why implementing a 360 degree feedback system guarantees to improve the personnel in a workplace.
A Collective Mission
Achieving consensus among board members on a set of standards or company values can be a challenging task. However, implementing a 360-degree feedback plan provides an opportunity for all stakeholders to come together and agree on this initiative. It allows for alignment and ensures that every stakeholder is on the same page, working towards a shared vision.
By involving all relevant stakeholders, including board members, in the 360-degree feedback process, the organization can foster a sense of ownership and collective responsibility for upholding the identified standards and values. This inclusive approach encourages collaboration, transparency, and mutual understanding among board members and other stakeholders.
The 360-degree feedback plan serves as a platform for open and constructive discussions, enabling board members to actively participate in shaping the organizational culture and direction. It facilitates the identification of common goals, shared values, and a unified vision that can guide decision-making and actions throughout the organization.
By engaging all stakeholders in the 360-degree feedback process, companies can foster a sense of shared ownership and commitment to the company’s mission and values. This alignment and cohesion among stakeholders enhance overall organizational effectiveness and contribute to the achievement of long-term success.
Company-Wide Accountability
When the executive staff establishes objectives through the 360-degree feedback process, it creates a framework that can be emphasized and embraced by all levels of the organization. This alignment ensures that company executives are working towards the same vision as lower-level staff members. In essence, 360-degree feedback holds everyone accountable for working towards these shared goals, not just the subordinates.
By involving executives in the feedback process, the organization reinforces the importance of their active participation in achieving the company’s objectives. This approach promotes a culture of shared responsibility and accountability, where executives are not only setting the direction but actively working towards it.
360-degree feedback serves as a mechanism to ensure that everyone in the organization, from top to bottom, is aware of and committed to the established objectives. It creates a sense of unity, where each individual understands their role in contributing to the overall vision and feels accountable for their actions.
By holding everyone accountable through the 360-degree feedback process, the organization fosters a collaborative and cohesive work environment. It encourages open communication, alignment of efforts, and a shared commitment to achieving the company’s goals. This holistic approach to accountability helps drive organizational success and ensures that everyone is working together towards a common vision.
Supportive Environment
The initiative to deploy 360 degree feedback in the first place shows that a company values the opinions of all employees in an organization. Companies who value their employees can also expect that their employees will take *ownership* in their tasks, resulting in better performance results.
Increased Meeting Times
Face-to-face meetings engage employees and help them to develop inspiration outside of routine tasks, hopefully leading them to ideas that can improve the success of a company. Spending one-on-one time, or communicating in small groups helps to foster stronger relationships, and hopefully an environment where honest feedback is appreciated.
Sustained Awareness
Depending on the schedule of 360-degree feedback, it is helpful for an employee to know that they are being observed constantly. Therefore, giving them the incentive to work hard even when the supervisors are not present, as it is their peers who make up the substance of their review.
No matter what kind of results that a 360 degree feedback platform will highlight, it is certain to have a positive impact on the culture and workforce. This participative management style and collective vision will inspire employees to improve performance and keep them doing their best work.
