You may be asking yourself, what if anything should I do with talent management in uncertain times? The answer is the opposite of what you may expect; to invest in your human capital. At a moment like that more than ever will leading companies emerge and separate themselves from the losers. Being on top of your company’s talent and organizational drive means being part of the winners emerging out of an economic crisis.
A successful organization should power positivity at every level Ensuring positivity is crucial when empowering employees to constructively develop within an organization. As a manager praises the areas in which one has scored well, an employee will realize they are valued within the organization and will, therefore, be more open to receiving critiques. Basically, a positive attitude will create an environment for feedback [...]
360 feedback works Misunderstanding can reinforce prejudice, distrust, and poor communication, leading an organization to produce results which do not align with an organization’s bottom line. This “vicious circle” (Fisher, 2012) can produce counter reactions, tension, and inefficiencies in a company. 360 degree feedback puts effective communication and a collective vision at the heart of an organization so that consistent [...]
Neutrality is essential, as interpretations are subjective Given the anonymity and comprehensive nature, 360-degree feedback is seen as one of the most equitable ways to administer honest feedback. Feedback context & fairness in 360-Degree Feedback is subjective, however, and “rests in the eye of the beholder” (Greenberg, 1988). In the realm of fairness, the personal evaluation in the feedback system [...]
Academics have researched how to keep administrative feedback generally accepted, unbiased, and fair. These goals, in part, led to the development of 360-degree feedback. Research in the field is only beginning to catch up with practitioner usage and the system is still being critiqued for several drawbacks regarding eliminating feedback bias (Levy, 2010). Regardless, 360-degree feedback is seen as a [...]
“360 should not be a stand-alone event. There must be development, planning and followup” (Fleenor et al. 2008). Maximize the impact of 360 degree feedback by stressing the followup 360 performance reviews are most effective on when it extends beyond employees receiving quantitative data. Self-reflection is encouraged but is more powerful when paired with followup: coaching, goal setting, and positive [...]