360° Feedback supports the development of employees and leaders, but why do it?
Simply put: you are the most valuable resource in your organization. Making sure that everyone in your organization is continually growing and developing ensures the future success of you and every one of your colleagues and ultimately, the organization itself.
You may take on multiple roles within a 360º Feedback project, each with its own benefits.
If you are giving feedback, you can expect:
You’ll get an opportunity to support your colleagues with their development
Improved performance among your colleagues
More supportive colleagues due to their active involvement in your development
Happier colleagues as they are supported with their learning and career growth
If you are receiving feedback, you should get:
Clarity and guidance on how you should improve
Recognition of what you do well, helping you understand and play to your strengths
Better coaching that is more focused on areas you should prioritize
Enjoyment through personal growth in the areas that are important to you and your role
If you are the manager of someone receiving feedback, you should have:
Easier and more productive coaching sessions with actionable results
A happier team that knows how to progress
Improved team performance and clear development of skills
More openness and trust among your team
For the organization as a whole, leaders can expect:
Higher employee engagement and satisfaction
Better retention of high performing employees
Stronger culture as people review their behavior vs. the organization’s values
Improved organizational performance delivered by engaged employees who demonstrate the right behaviors
Next, read this article for an overview of what steps are involved in the 360º Feedback project.