In case you want that your business rises and defeats everybody else in the industry then you have to invest in feedbacks. You have to make sure that you are getting feedbacks for all your tasks, products, services and most importantly the employees. You should always keep in mind that these employees are the main force behind your success. If these employees are effective, dedicated, agile and passionate; nobody can stop you from progressing and expanding.
You should try out the benefit of 360 feedback tool in your organization. The tool or program gets you the best insight about your employees. You get to know about the areas that might not be known to you. Actually, 360 degree tool is a means of development that is based on getting the fair and impartial feedback from various types of sources. Since feedback is received from a diversity of perspectives, it is even known as multi-rater feedback or that of assessment. The respondents could be a:
Internal
- juniors or Subordinates
- Manager or supervisor
- Peers or co-workers
- Human resources staff
- Bosses and managers
External
- Customers and Clients
- Suppliers and business associates
- Third party helpers and assistants
To gather feedback, respondents are accumulated an assessment where they share their opinions about the behaviour and attitude of a leader or even his or her performance. Remember the leader even completes a self-assessment that gets compared with that of the other feedback. It means the leader receives a well-rounded view of their attitude, behaviour and performance. Of course, if you want you can use this program on any level of your employees. Whether simple staff members, leaders, managers or anyone else; the tool stands effective and useful.
What are the components of 360 tools?
Usually, there are three chief components of such a system or tool:
- The first one is evaluation. It is the survey instrument that is used wherein raters caters feedback concerning a specific leader on the basis of assessment.
- Next is the domain of feedback. Direct reports are accumulated from the feedback given by the raters. It must encompass a session for leaders to appraise the data with the organizer, their supervisor and a mentor.
- Then there is even a training program. A long term program is implemented so as to grow your leaders. It is the training to develop the weaknesses and strengths that are exposed through the assessment.
This concept or tool of feedback is getting used extensively by many companies across the globe. You cannot refute its amazing benefits. Have a look at some of them here:
Self-awareness
It is an approach that is really helpful and effective for people because they get more aware. When others give a feedback, an individual gets a complete view of themselves. Such a view is less disposed to to being one-sided and partial. Most of the times, since people from different areas do give the feedback, there are meek chances of partiality. After all, everybody cannot be the same in their feedbacks right? Moreover, since the feedbacks are given in an anonymous manner, there is absolutely no cheating or partiality.
Strengths and weaknesses
A 360 review is a powerful tool for underlining strengths and weaknesses of employees or for those matter even leaders. Conventionally, employees used to get feedback from only their supervisor that used to generate a one-dimensional viewpoint. But here, since various sources of feedback are involved, the feedback is multi-dimensional. A main goal of 360 feedbacks is for the “blind spots” to get exposed in a safe way. These blind spots, once they are weaknesses, can be dangerous to the employee and to the company as a whole.
Similarly, to uncover the unknown strengths and powers can also turn out to be highly beneficial to both the employee and the company. The crux of the matter is that an employee or a leader is ignorant of them and they need to be brought to light in a formative way. Getting strength into light and then working to enhance on it generally does generate the most development. Moreover, it is not just about the strengths. Once the employee knows about his weaknesses or shortcomings, he can improve it. What is the point if your employees don’t even know about their loopholes or weakness? Once the problem is known only then something can be done about it right?
Confidence and morale
This procedure can really increase the confidence of the employees and leaders in an effective manner. Once the leader gets positive feedback, their confidence about their skills often grows significantly. Employees might begin to feel better about the organization as well. This thing boosts the morale within the workplace. The chief thing here is that the feedback is given in a positive manner. Of course, once people get good feedback for their tasks and work, there stays a powerful and positive environment in the office or working place.
Everybody gets empowered
It is critical for leaders and employees to feel they have a voice. Once people do feel they have no voice, they quickly get the sense of less empowered and get detached. For example, in the US, only forty six percent of staff members have a feeling they have a voice. Over time, such a thing triggers them to feel as if they don’t matter to the business. In case not empowered and given a voice, these folks will disengage and eventually leave.
To make sure that your employees and staff members are heard increases their sense of authorisation and confidence. certainly , whenever someone working so hard for an organization gets to know that his or her voice do matters and they can make a difference and bring a change for their organization, their morale doubles and they start to engage with other people and activities even more.
Conclusion
Thus, you can try out this 360 feedback tool for your organization. It would only get you insights, better outcomes and a lot of enlightenment.