Home Home
Home | Overview | B-Schools | Jobs | Alerts | Advertise | Contact Us | About Us | Forum | Link to us
Tuesday, March 19, 2024 Choose Language: English | German | Portugese
MBA Resources
MBA Articles
MBA Books
MBA Case Studies
MBA B Schools
MBA Current Affairs
MBA Downloads
MBA Events
MBA Notifications
MBA FAQs
MBA Jobs
MBA Job Consultants
MBA News
MBA Results
MBA Courses
MBA Sample Papers
MBA Interview
Questions
MBA Training
Institutes
CAT - 2009
Online CAT 09
About Online CAT
How to Prepare for
CAT
CAT 2024 Faqs
GD Tips
Pursuing MBA
MBA aspirants
What is an MBA
Why an MBA
Returning to B-school
Value of MBA
Good MBA Candidate
MBA Overview
Overview
Scope of MBA
MBA Programs
Career in Vogue
B-School Ratings
Top Universities
Top 30 Ranking
Admission Process
B-School Profiles
Management Colleges
in Bangalore
Distance & Online
MBA Preparation
Aptitude Tests
Tips for CAT
GD Made Easy
MBA Entrance Exams
CAT's Eye
About CAT
CAT Class Room
CAT Course Materials
CAT Bulletin 2024
CAT Eligibility
IIM Cat Centers
CAT Institutes
How to Apply
Important Dates
CAT Instructions
CAT FAQs
Sample Papers
CAT GD/PI
CAT Resources
CAT Results
MBA Careers
Business News
Case Studies
Interview Tips
Build Resume
Seminar Topics
Business Schools
B-Schools Profiles
B-Schools Rankings
B-Schools Selection
B-Schools Hot News
B-Schools Events
B-Schools Diary
B-Schools Seminars
Placements 2008
Placements 2007
Placements 2006
Top Business Schools
Top Business Schools
(Part Time) in Asia
Top Business Schools
in India
Top Business Schools
Worldwide
Education Loans
Career Resource
Admission Process
Admission Alerts
MBA Admissions
Application Dates
Full Time
Fellow Programmes
Executive MBA
Distance Courses
GMAT Preparation
What's GMAT
Eligibility Fees
Importance
GMAT CAT
GMAT & MBA
GMAT FAQs
MAT Preparation
What's MAT
Exam Notification
Online MAT 09
MAT Institutes
MAT Test Centres
AIMA Study Centres
Bank of Baroda
Branches
JMET Preparation
JMET 2009 Important
Dates
JMET 2009 Eligibility
JMET Application
Process
JMET 2009
Participating Institutes
JMET Test Pattern
JMET Paper Structure
MBA Jobs
Senior Management
Positions
Marketing/ Sales/
Advertising
General Management
Analysis Zone
Analysis of MBA
Entrance Exams
Exam Notification
Mock Exams
Mock Exam [2024]
Verbal Preparation
Math (Quantitative)
Analytical
General Awareness
Free Downloads
CAT Papers
XAT
FMS
MAT
IIFT
CET
SNAP
JMET
GMAT Verbal
GMAT Math
Miscellaneous
Distance Courses
Success Stories
Advertise With Us
MBA FAQs
MBA Forum



Home » MBA Articles » MBA- General Articles » 360 Degree Performance Appraisal

360 Degree Performance Appraisal

Expert Suggestions on Preparation for Computer Based CAT-09

The meaning of the word "appraisal" is "to fix a price or value for something". This is used in finance in terms such as project appraisal or financial appraisal where a value is attached to a project. Similarly performance appraisal is a process in which one values the employee contribution and worth to the organisation.
Employees across the entire organisation are appraised of their performance. This could be done annually, twice a year, periodically depending the need of the organisation. Performance appraisal is a systematic and orderly evaluation of performance of employees at work by their superiors or others who are familiar with the techniques of performance appraisal. A performance appraisal is a formal review of employee performance. At a performance appraisal, objectives or targets are agreed between manager and employee. At each subsequent appraisal, current and past performance is compared and targets are reviewed.
 
Performance appraisals are essential for the effective management and evaluation of staff. Appraisals help develop individuals, improve organizational performance, and feed into business planning. Formal performance appraisals are generally conducted annually for all staff in the organization. Each staff member is appraised by their line manager. Performance appraisals are also essential for career and succession planning. Performance appraisals are important for staff motivation, attitude and behaviour development, communicating organizational aims, and fostering positive relationships between management and staff. Performance appraisals provide a formal, recorded, regular review of an individual's performance, and a plan for future development. In short, performance and job appraisals are vital for managing the performance of people and organizations.

360 DEGREEE PERFORMANCE APPRAISAL


In 360-degree performance reviews, many different types of people are consulted about an employee's performance. This includes customers, suppliers, peers and direct reports. In the case of a manager, employees are often asked to give "upward feedback" on how well they are being managed. If 360-degree performance reviews are performed, a Human Resources manager should coordinate the process, so that subordinate reviewers (i.e., employees) are assured that their performance reviews are kept anonymous.

The aim is to find the gap between one's own appraisal and the perceptions of others. This will in turn enable a professional to analyse his strengths and shortcomings and accordingly improve his performance. While it is true that the system serves as an excellent process since it reduces biases, it is not always successful. It is necessary to create the right culture in the company before introducing the system. If many people are unhappy or their morale is low, the situation can turn disastrous as some staffers will become obvious targets.

ADVANTAGES OF 360 DEGREE APPRAISAL

  • Provides a more comprehensive view of employee performance. 
  •  Increases credibility of performance appraisal. 
  • Feedback from peers enhances employee self-development. 
  • Increases accountability of employees to their customers. 
  • The combination of opinions can approximate to an 'accurate' view 
  • Comments expressed by several colleagues tend to carry weight 
  • Some skills are best judged by peers and staff, not by manager alone
  • Feedback may be motivating for people who undervalue themselves
  • The wider involvement help to engender a more honest organizational culture
DISADVANTAGES OF 360 DEGREE APPRAISAL

  • Time consuming and more administratively complex. 
  • Extensive giving and receiving feedback can be intimidating to some employees. 
  • Requires training and significant change effort to work effectively. 
  • Results can be difficult to interpret  
  • Feedback can be damaging unless handled carefully and sensitively 
  • Can generate an environment of suspicion if not managed openly and honestly


 



More MBA- General Articles
1 2 Next



Discussion Center

Discuss

Query

Feedback/ Suggestion

Yahoo Groups

Sirfdosti Groups

Contact Us

A D V E R T I S E M E N T

 

 


Members Login Here!
EmailId:   
Password:


  Forgot Password?
  New User? Register!

Start Your Own Website

India's Best Web Hosting Company
Interview Q & A eBook

Get 9,000+ Interview Questions & Answers in an eBook. Interview Question & Answer Guide
  • 9,000+ Interview Questions
  • All Questions Answered
  • 5 FREE Bonuses
  • Free Upgrades

Useful Resources

Indian Institute of Management - Ahmedabad
IIM - AHMEDABAD

Indian Institute of Management -  Bangalore
IIM - BANGALORE

Indian Institute of Management - Calcutta
IIM - CALCUTTA

Indian Institute of Management - Indore
IIM - INDORE

Indian Institute of Management - Kozhikode
IIM - KOZHIKODE

Indian Institute of Management - Lucknow
IIM - LUCKNOW

Master of Business Administration MBA course Exam Institution Admission Details Related Pages


CAT | IIM | JET JMET | MBA | MBA Entrance | MBA Distance | MBA Entrance Exam | MBA Programs | Top MBA Universities in India | B-Schools Profiles | Management Colleges in Bangalore | Aptitude Tests | CAT Tips | CAT Bulletin 2008 | Common Admission Test | CAT Papers | XAT Papers | FMS Papers | MAT Papers | IIFT Papers | CET Papers | SNAP Papers | JMET Papers | GMAT Verbal Papers | GMAT Math Papers |

Copyright � 2024. onestopmba.com. All rights reserved Privacy Policy | About Us | Terms and Conditions
Our Portals : Academic Tutorials | Best eBooksworld | Beyond Stats | City Details | Interview Questions | Discussions World | Excellent Mobiles | Free Bangalore | Give Me The Code | Gog Logo | Indian Free Ads | Jobs Assist | New Interview Questions | One Stop FAQs | One Stop GATE | One Stop GATE | One Stop GRE | One Stop IAS | One Stop MBA | One Stop SAP | One Stop Testing | Webhosting in India | Dedicated Server in India | Free Website Templates | Sirf Dosti | Source Codes World | Tasty Food | Tech Archive | Testing Interview Questions | Tests World | The Galz | Lalu Yadav Jokes | Vyom | Vyom eBooks | Vyom International | Vyom Links | Vyoms | Vyom World | Shayari
home page