360 degree feedback
Feedback is essential not just from the reporting manager or his/her superior. It needs to be solicited and understood from all other stakeholders as well which can include direct reports, vendors, internal customers, business associates etc. This truly provides a 360 degree perspective to the appraisee about where he/she stands.
360ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â° feedback framework means that an employee receives feedback about his/her performance from multiple directions and not just from his/her superiors. This includes feedback from direct reports, internal customers, other business partners etc. The greatest advantage of this mechanism is that the employee gets the feedback not only from his/her reporting manager but also gets to know what other stakeholders think about his/her execution excellence. This is crucial in holistic learning & development of the employee. It forces him/her to become open-minded and adopt a positive approach.