Technological Innovations in the Use of 360 Feedback for Performance Management
This chapter discusses how innovations in 360 Feedback are enabling significant improvements in performance management. This information resulted from asking the question: What are the most effective ways to use performance management technology to positively influence employee performance and development and improve talent decisions? Performance management methods used by hundreds of companies around the world were examined. One of the most important findings is that there is no single best way to conduct performance management. Methods that are effective in one company can fail in another. Common characteristics associated with successful performance management processes are identified. The chapter is divided into four sections: (a) a discussion of the work on which this chapter is based; (b) the definitions of 360 Feedback and performance management and key relationships between the two; (c) a discussion of how technology is transforming 360 Feedback used in performance management; (d) an exploration of the technological, process design, and environmental factors related to the use of 360 Feedback to support performance management.