360 degree feedback is the most comprehensive type of employee appraisal. It includes self ratings, peer review, and upward assessments; feedback is sought from all avenues. It allows employees to learn how their skills and performance style are viewed and gives an opportunity to bring up things not easily discussed. The honest feedback improves communications, and in many cases, raises the performance levels of both employees and managers alike.
360-degree reviews allow managers to receive valuable feedback on an employee's performance because fellow team members often know more about each other's day-to-day performance than the direct supervisor. In fact, anyone who has useful information on how the employee does the job may be a source in the appraisal, including outside vendors or clients, thus providing a broader view of the employee's performance.
By gathering 360 degree assessments from others who work directly with the employee, feedback is perceived as more valid and objective, leading to greater acceptance of results and actions required. Therefore, this process can create positive changes in employees' job satisfaction and engagement, potentially reducing turnover in the company workforce.
360-degree reviews, also known as 'multi-rater' or 'multi-source' assessments, are employee appraisals that gather performance information from various sources. Members of the company who may be involved in a 360-degree review include supervisors, top management, subordinates, co-workers and representatives from other departments who interact with the employee.
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Read the executive summary of Bersin and Associates 2010 Talent Acquisition Report and learn why SuccessFactors Recruiting Management received high marks, and why the author Madeline Laurano states “SuccessFactors' BizX Recruiting Management is a major leap forward and offers unique functionality to enable organizations to quickly source the right talent and ensure continued organizational alignment and high performance”.
In this Market Alert, Aberdeen Group provides a comprehensive overview and third party perspective on SuccessFactors' Business Execution software strategy. Aberdeen applauds SuccessFactors for "putting a stake in the ground" around this needed evolution from talent management to business execution.
Watch this video clip in which Bruce Richardson, Chief Research Officer for AMR Research, shares his perspective on the value of Business Execution Software and how it represents the next wave of how we're going to work going forward.
Read Gartner's new report highlighting recent trends in the employee performance management (EPM) software space. According to Gartner, "integrated EPM deployments continue to grow, and customers are increasingly implementing EPM solutions enterprisewide". The report features some of the key reasons customers are deploying EPM solutions based on survey results and positions SuccessFactors in the "leaders" quadrant in Gartner's Magic Quadrant for Employee Performance Management Software.
Learn why SuccessFactors was named a leader in Integrated Talent Management in IDC's recent vendor analysis. The IDC vendor assessment represents IDC's opinion on which vendors are well positioned today through current capabilities and which are best positioned to gain market share over the next few years. In Integrated Talent Management - defined as functions that serve to attract, develop, reward and retain the workforce on a single platform with a common shared database and underlying architecture - IDC clearly positions SuccessFactors in the leader category, based on its capabilities, strategy, market share and growth.
In Forrester Research's report , they discuss how integrated Performance and Compensation solutions can be the "linchpin" to a successful HCM strategy. In this report, SuccessFactors was cited as a leader in Integrated Performance and Compensation solutions with the company earning highest scores among vendors in customer experience, strategy, and market share.
In Bersin & Associates' Essential Guide to Performance Management Systems, you'll gain an understanding of employee performance management solutions; things to consider and what to look for when evaluating what's right for your company. Read the research that confirms, "SuccessFactors is the most well-adopted employee performance management product on the market today." Leighanne Levensaler, director of talent management research, Bersin & Associates.
Download Bersin & Associates' review of SucessFactors' ULTRA product release. Recognizing the depth and breadth of this offering and what it offers prospective and existing customers, they conclude that "yes" ULTRA does live up to its name.
360 Degree Reviews (396 KB)
Functional overview of SuccessFactors 360 Degree Reviews capability.
360 Degree Review Demo Clip (5:56)
Brief video tour of SuccessFactors 360 Degree Review solution
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