360 Degree Performance Reviews enable companies to identify, honor and value the top performer while also identifying those members of the team who might need additional coaching. The Evolve 360 Degree Performance Review is automated to enable the organization to move through the process quickly and easily. After all team members have been evaluated with a 360 Degree Performance Review, the company’s leadership will have access to numerous reports detailing how each department and individual scored. Below is a sample of an individual report from the 360 Degree Performance Review.
360 Reviews are often conducted on new hires to enable leadership to gather information quickly on whether a new hire is a good fit for the organization. Coworkers who participate in the 360 review usually include the supervisor, peers, direct reports and functional managers with whom the employee works regularly. The name of the feedback opportunity comes from the fact that performance feedback is solicited from all directions in the organization.
This will give the leader of the organization multiple perspectives on how various members of the team evaluate the employees performance. The 360 Performance Review focuses directly on the skills and contributions that an employee makes to the organization. The return on investment is easily measurable and significant on multiple levels.
The average cost of losing, replacing, and restoring equivalent productivity when a valued profession leaves, is on the average between 70 – 200% annual salary.
Love ‘Em Or Lose ‘Em
Beverly L. Kaye and Sharon Jordan-Evans