1. Sufficient Planning:
360 degree feedback systems are intensive ventures if used correctly, for both management and employees. Therefore, it is essential to plan in advance in terms of time and money for your company’s specific needs. What are the goals you are looking to conquer through multisource feedback? This includes the number of times the feedback should be evaluated, the length of the surveys, and the type of performance data system used. In addition to conducting the survey, it is also crucial that time and resources are allocated for the analysis or follow up.
When deciding on a survey feedback system, depending on your budget and company size and growth rate, consider a system that allows multiple surveys and survey types running at the same time so that you centralize your data collection. This will bring simplicity as it minimizes the learning curve for the employees or vendors.