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Achievers
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Unlocking the power of 360-degree feedback for your rewards and recognition program
- 360-degree feedback gathers inputs from an employee’s peers, managers & subordinates and provides a comprehensive view of performance, highlighting areas for improvement. It fosters continuous development and supports more accurate, fair recognition and reward decisions.
- 360-degree feedback promotes professional growth, fosters continuous improvement, and enhances employee satisfaction and performance. It helps maintain a dynamic and evolving path towards achieving professional goals.
- Recognition based on 360-degree feedback provides comprehensive insights, fosters fairness and builds trust. It reflects the full scope of an employee’s impact across various team dynamics, ensuring that no achievement is left behind.
- 360-degree feedback ensures that all levels of contribution are acknowledged, from individual achievements to collaborative team efforts. When all efforts are recognized, it boosts morale across the board, drives a deeper sense of belonging and engagement, leading to shared success.
- 360-degree feedback shows that employees’ efforts are being valued and nurtured. It creates a sense of value that goes beyond the occasional pat on the back and reduces turnover. There are organizations that invest in regular feedback and recognition through 360-degree evaluations, resulting in improved retention rates.
- To avoid feedback fatigue, set clear boundaries, prioritize quality over quantity, segment feedback requests, provide context and give employees sufficient time between feedback cycles.
- When negative feedback is necessary, pair it with actionable recommendations and support so that employees understand how they can improve. Reward the effort to develop rather than penalizing for past performance.
- Feedback is only useful if it leads to action. Ignoring the follow-up process can undermine the credibility of 360-degree feedback, making employees feel that their input is not valued. Leaders and managers should also be actively involved in following up on feedback.
- Achievers as a 360-degree feedback solution offers seamless integration of 360-degree feedback into recognition and rewards programs, providing organizations with the tools to collect, analyze, and act on feedback efficiently. Achievers RecognizeTM and Achievers ListenTM make it easy to gather valuable insights and create customized development plans.
- 360-degree feedback is a powerful tool that fosters fairness, personalization, engagement, and retention within organizations. It creates a more inclusive and motivating workplace culture and drives long-term growth while strengthening employee retention.
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