Everything in your business rides on performance.
Many companies across the world take advantage of the 360 degree training process. The reason it's so popular is because it's easy to put in place, you can use it for many industries, and it's affordable. It's also incredibly effective for performance management and improvement.
Some benefits may be hard to quantify while others will have a definitive impact on your bottom line. But what exactly is it?
Topics: 360 degree feedback
Everyone can benefit from feedback now and then. Nobody has all the answers and it certainly helps to see things from a variety of perspectives.
Good, relevant feedback can help good leaders become great and that can make them a very powerful force in your organization. However, getting feedback is one thing – receiving it is another.
Growing great leaders isn't a weekend project. It takes time, planning, education, and regular assessments so they can maintain their focus on areas that need improvement.
In a perfect world, these assessments are honest and effective, providing them with vital information and self awareness. Your 360 training should aim to mold them into better leaders. But, it's not always a simple, straightforward endeavor.
When you're in management, getting honest feedback from employees can be tough. It can even seem impossible.
Did you know that 360 degree assessments are a great tool to use with your managers?
It’s easy to think that these assessments are only for lower-level, non-managerial employees; however, there’s a subsection of assessments made expressly for the managers in your organization.
In fact, it can be argued that 360 degree feedback may be most needed by your mid- and upper-level leadership.
But, one of your first questions is: How much will these 360 assessments cost? Before examining the costs, let’s look at why it’s a good idea to invest in 360 feedback.
As we charge through the age of analytics and instant feedback, many old systems, tools and processes are falling by the wayside.
The standard annual performance review is one of the victims being claimed and, for many organizations, it’s being replaced by a solution called the 360 degree performance appraisal - also known as a performance review.
What is a 360 degree leadership assessment?
A 360 degree leadership assessment is a form of feedback for leaders in which their skills, effectiveness and influence as an executive, leader or manager are evaluated. With this sort of evaluation, the leadership in a company receives feedback from a set of colleagues.
You find yourself in a leadership position and, as any good leader, you want to grow and improve and you want your organization to grow and be successful.
Strong leadership is essential for the success of any organization. Research shows that direct leaders bear the greatest influence on their organizations.
Gallup says 70% of employee engagement is due to this "Manager Effect." Other studies show that 50-70% of employee perception of their workplace climate is due to behaviors and actions of their leaders.