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360 Degree Peer Review Evaluation

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360 Degree Peer Review Evaluation Executive Summary A 360-degree feedback system is also known by a number of other names such as a multi-rater feedback, multisource feedback, or multisource assessment. Using this model involves providing feedback from a number of sources and directions on the hierarchical organization chart such as including superiors, sub-ordinates, customers and peers. Therefore this model is able to collect a variety of different perceptions about an individual's performance. A literature review was conducted that examined the 360-system from different perspectives of the evaluation sources and finds that though the system can provide more comprehensive sets of data that sometimes the complexity of which serves to provide no value. However, in many cases, if administered properly the 360-degree evaluation system can be a valuable tool used for professional development in an organizational setting. Overview Evaluation is an important component of any human resources department. Effective use of an evaluation program has been shown to be able to reduce stress and an employee's reduce their intentions to quit and turnover rate (Avey, Luthans, & Jensen, 2009). However, for the longest time, evaluations were only processed in a top-down fashion which was administered strictly from supervisor to the employees that they supervise. The top down approach to feedback has been shown to be inadequate in many regards; especially since it is dictate by

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