360 Degree Feedback
360-degree feedback is a process and a part of a performance management mechanism in a company where employees receive anonymous feedback from colleagues with who they work. It includes managers, employers, peers, and direct reporting managers. As the name clarifies, performance feedback is received from every part of the organization.
It is multi-source feedback that acts as a performance evaluation tool. Managers and team leaders use a 360-degree feedback survey as a process to understand their team’s strengths and weaknesses. The 360-degree feedback system automatically arranges the results and presents them in a format that helps the feedback recipient create a development plan.