360-degree feedback rather than performance reviews. Netflix does not do performance reviews per se in the sense of a formal process where a manager retrospectively evaluates an employee's work performance. Netflix ditched the annual performance reviews and replaced them with 360 feedback reviews.
Experts say as many as 90% of Fortune 500 companies like Netflix, GE, and Facebook use some form of 360 degree feedback in their review process. Companies value the holistic look at employee performance, and understand that more information leads to better business decisions.
Tech Titans Use 360 Feedback It should be no surprise that tech companies like Google and Netflix are among the adherents to 360 feedback. Grove HR recently did a deep-dive into how Google conducts performance reviews and 360 feedback plays a central role.
"This person is very confident in their role as group leader. They can get the most out of everyone on the team." "This person is highly effective at leading work groups and able to resolve conflicts among participants." "This person is fair and treats every employee in the team equally and respectfully."
How to conduct 360 reviews Establish criteria for rating each employee. Invest time into developing useful, relevant questions that provide valuable insight. Choose who will assess each employee. Send surveys. Send the survey to the employee. Schedule the 360 evaluation. Review ratings with employee. Follow up on progress.
Tech Titans Use 360 Feedback It should be no surprise that tech companies like Google and Netflix are among the adherents to 360 feedback. Grove HR recently did a deep-dive into how Google conducts performance reviews and 360 feedback plays a central role.
360 feedback is multi rater feedback. This means it should be given by those colleagues who work directly with the person who's receiving the feedback. This can include supervisors, colleagues, direct reports, customers, and vendors.
Feedback Examples for Managers - Ways to Say Thank You: “Thanks so much for helping me set clear, actionable goals for myself this year. Your guidance really kept me on the right track.” 2. “I can't thank you enough for your encouragement and support.”
How to conduct 360 reviews Establish criteria for rating each employee. Invest time into developing useful, relevant questions that provide valuable insight. Choose who will assess each employee. Send surveys. Send the survey to the employee. Schedule the 360 evaluation. Review ratings with employee. Follow up on progress.
360 Degree Feedback Examples for Collaboration “Tom consistently offers to help with tasks outside of his responsibilities, showcasing his commitment to the team.” “Lily could improve her collaboration by actively seeking input from others and incorporating their ideas.”