What is a 360 Degree Feedback Software?
360-degree feedback software is an essential digital tool for evaluating employee behavior, competencies, and overall performance. Compared to traditional performance assessments, this survey is sourced from different stakeholders, including managers, co-workers, and even clients, providing a more comprehensive view to improve an employee’s personal development and, ultimately, the company’s continued growth.
Benefits
360-degree or multi-rater feedback provides a complete and more in-depth look into your employees’ performance compared to a standard review that is often subjective and riddled with bias. But it does have its downsides if not done right. IT solutions prevent problems associated with this evaluation process and have a host of benefits:
Allows customization – Managers can modify the content of the survey depending on issues, include a rating system, and add a comment section so respondents can provide their honest opinions.
Simplifies feedback analysis – Individual ratings are quickly calculated and converted into charts or graphs so managers can identify top or underperforming team members and plan for the next step.
Stores copious amounts of historical data – Multi-rater reviews produce numerous documents which are hard to collect, archive, and keep confidential. Software applications have a larger storage capacity, stricter privacy settings, and better access controls.
Improves working relations – Metrics are pre-set and standardized with the best 360-degree feedback software so employees won’t take evaluations as disparaging or overly critical. This helps strengthen workplace relationships instead of breaking them down.
Encourages self-development – The end goal of any performance survey is to improve personnel effectiveness in the workplace. Digitized data facilitates this process because of better rating systems, more accurate analysis, and pre-arranged corrective actions or improvement plans.
Key Features
Whether you are keen on getting free 360-degree feedback software or have the budget for the most expensive one in the market, you just need to make sure it has these essentials:
Customizable feedback templates
Central repository with role-based access control
Real-time feedback tracking
Email reminders and scheduling
Predictive analytics and benchmarking
Performance appraisals
Goal management
Seamless integration with other HR tools
Mobile accessibility
Selecting the Right 360 Degree Feedback Software
If you are thinking of using this application to help your employees learn and grow, any of the ten mentioned above are great options. Take another look at them below:
* billed annually
** billed monthly
