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Why Google, Netflix & Barclays are opting for 360-Degree Appraisal System for the Modern Workforce


360 degree appraisal in India, Infinity Ventures, Infinity People, Delhi, Best HR company in delhi, Best HR company in gurugram

The concept of 360 degree appraisal, also known as 360 degree feedback, has been gaining traction in India as a robust tool for performance evaluation and professional development. Global Tech Titans like Google and Netflix, Financial Giants like Barclays and Goldman Sachs has been using 360 feedback since long.

 

Unlike traditional appraisal systems that rely solely on a supervisor's assessment, the 360 degree appraisal is a multi-source feedback system that evaluates an employee from various perspectives. It typically includes:


  • Self-assessment: Employees reflect on their own performance and contributions.

  • Peer review: Colleagues provide feedback on interpersonal skills, teamwork, and collaboration.

  • Subordinate feedback: Insights from direct reports on leadership and managerial effectiveness.

  • Supervisor evaluation: Traditional assessment from a direct manager or supervisor.

  • Customer feedback: Input from clients or customers, where applicable.


This holistic approach ensures that feedback is balanced and unbiased, capturing a complete picture of the employee's work dynamics.

 

Pros of 360 Degree Appraisal


  • Holistic Employee View: Provides a well-rounded understanding of an employee's strengths, weaknesses, and potential, beyond just a manager's perspective.

  • Empowerment Through Feedback: Self-assessment and peer feedback empower employees to take ownership of their development and identify areas for growth.


  • Communication Catalyst: Encourages open communication between employees and managers, fostering a more collaborative and supportive work environment.


  • Engagement Booster: Feeling valued and heard by colleagues and superiors can significantly boost employee morale and engagement.

 

Cons of 360 Degree Appraisal


  • Complex Implementation: Setting up a 360 degree feedback system can be complex and time-consuming. Setting up a robust system requires time and effort. Partnering with an HR expert can ensure smooth implementation.


  • Potential Bias: Unstructured feedback or biased self-evaluations can skew results. Careful design, clear guidelines, and training are crucial.

  • Confidentiality Issues: Ensuring anonymity can be challenging, which might affect the honesty of feedback. Clear guidelines and anonymous feedback mechanisms are essential to maintain employee trust.


  • Overemphasis on Negative Feedback: There is a risk of focusing too much on criticism rather than constructive feedback. Training on providing constructive criticism is essential.


  • Requires Training: Both employees and managers need training to provide and interpret feedback effectively.


360 degree appraisal in India, Infinity Ventures, Infinity People, Delhi, Best HR company in delhi, Best HR company in gurugram

Infinity People- the umbrella of Infinity Ventures, a leading HR consulting firm in Delhi, helps you navigate the 360-degree appraisal system. We offer a range of services, including:


  • System Design and Implementation: We tailor a 360-degree system aligned with your organization's unique needs and culture.

  • Training and Development: We equip managers and employees with the skills to provide and receive constructive feedback effectively.

  • Data Analysis and Action Planning: We translate feedback data into actionable development plans for employees at all levels.


The 360-degree appraisal system can be a game-changer for employee performance and development in your organization. By understanding its advantages and limitations, and with the support of an experienced HR partner like Infinity People, you can unlock the full potential of this innovative approach.

Contact Infinity People to ditch the outdated reviews and embrace a future of growth and engagement for your Modern workforce!

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