360-degree feedback is a development process that provides a safe environment for a person to receive candid feedback from colleagues, supervisors, subordinates and others who play a key role in their success.
Perhaps surprisingly, 360 feedback has been around since 1940 and has become a very effective development tool for employee development. 360-degree feedback originated from the use of a training method called "T-groups" or training groups, where participants meet with their colleagues in an open session facilitated by a trained moderator and where the sharing of feedback is encouraged.
In the past, 360-degree feedback was a difficult process to manage as it required significant time and effort to collect paper forms, compare and read the data and prepare a summary report. These obstacles have been overcome by advances in technology that now allow the entire process to be done online, increasing confidentiality and greatly speeding up the process. Today, about one-third of all companies and 85 percent of Fortune 500 companies use some form of 360-degree feedback.
Why 360 Feedback?
Without feedback, we tend to create our own reality. The 360-degree feedback tool is a vital part of performance, growth and development. It helps us understand ourselves and how we interact with others, as well as our impact on those around us. The perceptions of others in our sphere of influence often influence our level of success, regardless of whether those perceptions are true or false. This is where 360 feedback comes in.
Most organizations today use 360 feedback in some form, although the purpose varies.
As Success Programme, we tailor the 360-degree feedback process based on the needs of your organization to achieve your goals.
The benefits of 360-degree feedback processes can be summarized under the following three main headings.
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