We’re all familiar with Spider-Man’s famous catchphrase: “With great power comes great responsibility.” However, his words no longer apply exclusively to the man who does whatever a spider can.
The 360 feedback performance evaluation mechanism has the potential to help you overcome your hidden weaknesses and put your business on the fast track.
If you’re a business romantic like me, you’ve probably read books on corporate culture like Delivering Happiness, Anything You Want, and Onward with rosy eyes and a longing spirit. We’ve all heard plenty about how Zappos, Google, and Southwest are dreams to work for because of their stellar company cultures.
Do you know that actively disengaged employees cost the U.S. between US$450 billion to US$550 billion each year in lost productivity? According to a Gallup report, they are more likely to steal from their companies, negatively influence their coworkers, miss workdays, and drive customers away. It all comes down to the lack of employee engagement.
For many companies, it’s that time of the year again.
HR professionals, managers and employees groan inwardly at the mention of performance appraisals.
Yet, annual performance appraisals continue to dominate the workplace.
But do we need them?