Study of an organization employing 360 degree feedback

Employees are the biggest resource of any organization. Since organizations exist to achieve goals the degree of success that individual employees have in achieving their goals is important in determining organizational effectiveness. The most important asset of any organization is its human resources. In order to assess the performance of human beings a number of different systems are used from time to time. However 360 degree feedback is one of the mantras of recent times which is gaining importance in management. The present study was conducted with the main objective to find importance, utility and need of 360 degree feedback in M/S PA Times, Dharampur, Solan Himachal Pradesh. It was seen that this method had a strong positive impact on both workers and managers and as such helped in motivating the employees and developing the organization as a whole. In case of managers 84 per cent of the respondents said that this 360 degree feedback has brought a tremendous desirable change in them and in case of workers 100 per cent of the respondents fully agreed that this system/feedback has brought a tremendous change in them. In total 92 per cent of the managers agreed that this has helped them in many ways whereas hundred per cent of the workers said that it has brought a change in them and it is of high worth.