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Here's why you should assess executive performance with a 360-degree performance appraisal

by , 03 July 2014
Experts at the Practical Guide to Human Resources Management say the traditional system where only the CEO assesses performance tends to be more subjective because:

1. You only get one person's view.

2. A manager isn't always in the best position to appraise performance, especially when it comes to assessing how the executive demonstrated the competencies that underpin performance.

That's why our experts make a strong case for introducing a 360-degree performance appraisal process in your company - starting at the top of the organisation.

Not convinced?

Take a look at the four key benefits of assessing executive performance with a 360-degree performance appraisal.

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Here are the four benefits of using 360-degree performance appraisals to assess executive performance

According to the experts at the Practical Guide to Human Resources Management, a 360-degree performance appraisal is a valuable tool to assess the performance of an executive (and the rest of the organisation) because it:

#1: Provides a more objective approach (i.e. the people who are in the best position to observe and appraise performance are asked for their input)

#2: Creates open channels of communication within the company. It makes people start talking about performance, expectations and how to improve performance.

#3: Gives a voice to all the stakeholders of the executive's performance and behaviour and how best to improve performance.

#4: Instills more trust in and satisfaction with the process as people perceive it to be more fair.

Here's the bottom line: Give a 360-degree performance appraisal a try when assessing executive performance now that you know its benefits.

And always remember that executive performance management is one the most important components of how a company plans, manages and improves its performance. If you design and execute it with sound business principles in mind, it'll go a long way to support the achievement of the company's strategic business objectives.

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