eBook: 360-degree feedback

18
© 2014 Halogen Software Inc. Confidential – Not to be used, copied or redistributed without Halogens prior written permission. eBook: 360-degree feedback By Halogen Software How to improve the accuracy and impact of feedback with 360-degree reviews

description

Research identifies multirater feedback as a fundamental element in best practice performance management. Yet even though 360 degree feedback and multirater assessments provide many benefits, most organizations don't use them widely. This ebook presents some of the many documented benefits 360 degree or multirater feedback brings when included as part of your regular employee performance management practices, outlines some specific best practices for the implementation of multirater assessments, then shows you how to implement these using the Halogen TalentSpace™ suite.

Transcript of eBook: 360-degree feedback

Page 1: eBook: 360-degree feedback

© 2014 Halogen Software Inc. Confidential – Not to be used, copied or redistributed without Halogen’s prior written permission.

eBook: 360-degree feedbackBy Halogen Software

How to improve the accuracy and impact of feedback with 360-degree reviews

Page 5: eBook: 360-degree feedback

How important is 360-degree feedback?

Multiple studies have found that gathering feedback from individuals other than an employee’s manager is the best practice related to goal setting1.

1. American National Standards Institute (ANSI) Performance Management Standard. (2012, Nov., 30.) An American National Standard for Human Resource Management

Get the full eBook:

Download now

Page 6: eBook: 360-degree feedback

Even when they have the right tool, they don’t use it to its full potential. That’s like buying a high-end digital cameraand not using all of the features.

2. Corporate Leadership Council (Corporate Executive Board, Secondary Research Findings – Trends in 360-degree Reviews, May 2003.)

Most HR managers realize the importance of 360-degree feedback, but they still don’t use it reguarly2.

Get the full eBook:

Download now

Page 9: eBook: 360-degree feedback

Best practices for multirater assessments

Have employees choose raters with manager approval

Provide aggregated, anonymous feedback

Gather ratings on demonstration of competencies

Follow up with coaching and development

Now, let’s look at each of the four best practices in more detail…

Get the full eBook:

Download now

Page 11: eBook: 360-degree feedback

Both the Corporate Leadership Council3 and SHRM4 found that when assessors know their feedback will be kept anonymous, they rate employees more honestly.

3. Improving the payoff from 360-degree feedback, Hofstra University

4. Multisource feedback: lessons learned and implications for practice, SHRM, Atwater, Brett, Charles, 2007.

Best practice #2: Provide aggregated, anonymous feedback

Get the full eBook:

Download now

Page 13: eBook: 360-degree feedback

• Use multirater feedback to enhance goal-setting and feedback

• Address any areas of weakness with learning opportunities

• Measure and recognize performance improvements

Best practice #3: Follow up with coaching and development

Get the full eBook:

Download now

Page 14: eBook: 360-degree feedback

What you’ll find in the 360-degree feedback eBook:

Details on the benefits of 360-degree feedback performance appraisals

Best practices for implementing multiraterassessments

Success stories and resources

Links to articles, webinars, templates, checklists and more Get the full eBook:

Download now

Page 17: eBook: 360-degree feedback

Key questions for your organization

Does your organization use 360-degree feedback to improve performance reviews?

Would some of your employee groups benefit more than others from multirater feedback?

Which of the best practices for multirater assessments does your organization follow?

Does your work culture welcome 360-degree feedback? If not, what do you need to work on changing?

Get the full eBook:

Download now

Page 18: eBook: 360-degree feedback

Read the eBook:Explore how your organization can benefit from 360-degree feedback.

Download now

Visit our website to learn more:www.halogensoftware.com

Want to learn more?