360 Degree Feedback Program
A CEO from a large size manufacturing company attended an executive development conference and heard about 360 degree feedback programs. ... At the conference, he heard all about the benefits of 360 degree feedback. He persuaded his senior management that the company should pursue 360 feedback because it would be a lot better than their current annual performance appraisal. He stated, "360 feedback comes directly from people who are in the best positions to evaluate the performance of the people they work with. ... Well use the 360 feedback to help determine peoples merit raises. That way, well make sure that people make improvements based on the feedback they received.