360 Degree Feedback Appraisal

Can 360 degree feedback be used as part of the performance appraisal process?

360 degree feedback can sometimes be referred to as 360 appraisal so the intention behind this article is to explore whether or not 360 degree feedback can be used as part of an appraisal process.  For the sake of clarity, when we say appraisal, we are referring to the (usually annual) performance review process.