In an earlier article,where the 360 degree appraisal has been mentioned in an emerging market (
What really is 360-degree feedback:
- Is an assessment process used to improve managerial effectiveness by providing the manager with a more complete assessment of their effectiveness,and their performance and development needs.
Process involves:
- Obtaining the feedback from the manager’s key contacts which normally include:
• The manager him/herself
• Subordinates (employees who work for the manager)
• Peers (fellow managers)
• Manager (senior management)
• Customers
• Suppliers
- Feedback is normally obtained by using a questionnaire which asks participants to rate the individual according to observed behaviors –usually managerial or business-specific competencies.
Other salient points:
- This methodology might not suit all companies. We should assess how well it would fit with the company’s current culture before launching such scheme.
- Communicating the scheme,the purpose and benefits to all those involved will be a key factor in reducing the participants’fears and gaining their commitment to any new scheme.
- Presenting the results of the appraisal to managers in a constructive way is critical to the success of the process. All feedback,positive and critical,should be presented,with the aim of highlighting and acting on areas for development.
- Results can be aggregated to give you some feedback on organizational strengths and weaknesses in relation to your business objectives and training strategy.

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
Recent Comments