How well do you know yourself? Your employees?
If the answer is “not that well”, then you should consider 360 degree feedback. It’s the ultimate tool for helping people understand themselves and others better.
This method has shown to be effective in identifying areas needing improvement among employees, that leads to increased self-awareness and overall performance. Additionally, it strengthens working relationships within organizations.
The 360 degree is the most widely used feedback tool among companies today. Data shows that approximately 90% of Fortune 500 companies regularly use the 360 review process. Implementing a 360 degree feedback will not only promote an open culture in the company, but it will also keep its employees engaged, resulting in employee retention.
If you’re a startup and haven’t deployed 360-degree feedback yet, here are some tips.
What is 360 Degree Feedback?
360 degree feedback is a holistic evaluation in which employees not only receive performance feedback from their managers but also from direct reports, colleagues, peers, customers, and even themselves. It draws on a wide range of data sources including self-ratings, peer reviews, client comments, and upward assessments. This process provides a comprehensive perspective of an individual’s strengths and limitations.
Why is 360 Degree Feedback Important?
360 degree feedback is important because it:
- Allows individuals to get feedback from a diverse group of people
- Gathers a more holistic view of an individual’s strengths and weaknesses.
- Helps in assessing behaviors, skillset and potential of individuals and their possible development areas.
- Provides businesses with a wider perspective from a large number of employees and managers.
- Offers constructive feedback on behaviors and character as well as role competence not only for employees but also for managers.
- Promotes a culture of upward feedback that improves organizational trust and transparency.
- Improves not only an individual’s productivity, but also their work relationships.
What is 360 Degree Feedback Software?
The 360 degree feedback software is a tool that helps organizations collect and manage 360 degree feedback. It provides a centralized platform for storing and managing feedback surveys, as well as for analyzing the results of the surveys. It can also help organizations improve their workflows and overall employee experience.
Why is 360 Degree Feedback Software Important?
360-degree feedback software is an excellent tool for human resources in an organization to better support and develop their staffing. This tool provides the information you need to improve employee’s performance, productivity, and engagement. It is important because it helps:
- Automate your organization’s multi-rater reviews for a faster and simpler feedback process.
- Empower managers to have more effective conversations with employees, based on data and trends from 360 degree feedback.
- Deliver comprehensive and individualized reports easier to employees.
- Integrate 360 insights to other platforms to take action on the whole employee experience.
- Identify gaps in development within your organization.
- Monitor an individual’s progress and growth effectively over time.
- Identify top performers
- Identify blind spots
- Reduce the risk of discrimination
How to Choose the Best 360 Degree Feedback Tool?
To choose the best 360 degree feedback tool, you should consider your specific needs and requirements. A 360 degree feedback tool is available in a variety of different formats, including web-based, desktop, and mobile. You should also consider the features that are important to you, such as survey creation, data analysis, and report generation. Additionally, you should consider the price of the software and the level of customer support that is available.
Here are some factors to keep in mind when choosing a 360 degree feedback software:
- Price: Look for a reasonable cost per user, as well as the ability to customize a product based on the demands.
- Ease of use: Make sure to look for a user interface that is both visually appealing and easy to use, so that all employees will actually enjoy using it.
- Key features: The best systems will offer create your own templates, the ability to personalize content while still including company branding, a multitude of rating scales, and final reports in different formats. Additionally, look for automation options to reduce set-up time even further.
- Integrations: Consider systems that can be integrated with existing HRIS/HCM software and commonly used social media and communication tools. These systems will be even better if they have APIs which can automate data transfers to and from custom software.
- Support: You should be able to easily contact customer support in case you have any questions or problems.
Best 360 Degree Feedback Tools in 2022
To help you find the best 360-degree feedback tool for your organization, here is a compilation of tools and software that will make the 360 assessments much more manageable.
1. PerformYard
One of the highest-rated 360-degree feedback software for having flexible features. It can help organizations to integrate goals, performance ratings, job responsibilities, and common core competencies into one system.
- Price: Transparent and affordable pricing starts at $5-10 per person per month for the Professional plan. You can get a volume discount for the Enterprise plan customized according to your business needs.
- Ease of use: It incorporates all feedback collected from across the organization. The reviews can be personalized to include self-assessments along with direct reports. It also collects inputs from external sources, like clients.
- Key features: HR flexibility so that you can slim down the process for simple annual reviews or create a more complex program for advanced assessment strategies.
- Integrations: PerformYrd can integrate with all your favorite software, like HRIS, ADP, Gusto, BambooHR, Okta, Slack, Microsoft Teams, and more.
- Support: PerformYard has a dedicated knowledgebase page for support where new users can learn how to get started, troubleshoot, and request help from the team.
2. Primalogik
An easy-to-use 360-degree feedback solution that you can customize to fit your organization’s needs.
- Price: Paid plans start at $133 per month for 25 users.
- Ease of use: This software has flexibility, functionality, and ease of use. This means that it is simple to navigate, but you will get to experience the best features.
- Key features: Create customized questionnaires, add the right rating scale, and maintain anonymity to ensure fairness while doing 360 reviews.
- Integrations: Top Primalogik integrations include Google Workspace, BambooHR, and Microsoft Azure.
- Support: Primalogik has an informative Help Center page and blog to learn about the products. Alternatively, you can contact the team through the Contact page for sales and general inquiries.
3. Leapsome
One of the leading 360-degree feedback tools that use automation and expert templates. It is recognized by many software review platforms, like G2, as best-in-class for its exceptional products and services.
- Price: You may request detailed pricing information, but modular pricing starts at $8 per month for each user and is billed annually.
- Ease of use: Aside from its powerful analytics, Leapsome allows the creation of templates and timelines that can be set to recur automatically. The employee data triggers the different processes, so you do not need to repeatedly create invitations, reminders, and notifications.
- Key features: Leapsome is flexible enough for both simple performance reviews and complex project and 360-degree reviews. There are a variety of templates and frameworks available. You also have the option to customize the questionnaire and other performance management processes.
- Integrations: Effortlessly integrates with existing tools and platforms. You can import data directly from your HRIS, like Personio, Rippling, HiBob, and BambooHR.
- Support: A dedicated account manager will be assigned to listen to your concerns and provide expert advice. An expert team is also available to guide your team during onboarding and implementation.
4. ClearCompany
An all-in-one tool to find, hire and engage highly competitive employees. It has a Performance Management Solution to do 360 reviews.
- Price: You may contact the sales team for transparent pricing options for the Platform Access and Modular Access plans.
- Ease of use: This 360-degree feedback software is customized for your company. This makes it easier to achieve goal alignment while gaining valuable insights into your workforce.
- Key features: Total platform access provides all the tools you need for attracting, engaging, and managing A Players. Seamlessly analyze data to gain better insights into employee behavior and performance.
- Integrations: The state-of-the-art tools and features can be integrated with leading payroll systems and HRIS.
- Support: Offers unlimited support and consulting services for your team.
5. Qualtrics
An employee experience, performance, and engagement management tool is built to identify critical points for productivity and optimal performance at work.
- Price: Detailed pricing information is available upon request.
- Ease of use: It gives a holistic view of the employee experience, making it easier to determine engagement key drivers to deliver meaningful performance improvement.
- Key features: Holistic X +O view to eliminating blind spots in the employee experience data, built-in tools to plan, execute, and scale HR survey programs, and frontline action with AI-recommended insights for strategic transformation.
- Integrations: There is no need to be confused with onboarding since it can be integrated into the systems you are already using. Popular integrations include Thematic, Canvs, AWS, Google Connect, and MaestroQA.
- Support: Resources for help, experience basecamp, and a technical account manager to ensure ease of use.
6. Performly
Send and receive 360-degree feedback among employees through its analytics and reporting features. It can set, monitor, and submit updates to motivate the employees better.
- Price: Plans for the Performly Talent plan are priced at $4 per month per user.
- Ease of use: Performly has a friendly User Interface with multiple features and capabilities.
- Key features: Timesheet features, task management, and modern interface.
- Integrations: Maximize the features of this 360-degree feedback software with integrations from top apps, such as Slack, Microsoft Teams, Microsoft Azure, and SAP Success Factors Work Zone.
- Support: Support and training options are available, such as 24/7 live support, Knowledge Base, Webinars, and In-Person training.
7. Hirebook
An employee engagement tool to help run the business efficiently through KPIs, Tasks, and OKRs.
- Price: Hirebook adapts a fair billing policy where you will pay one price per user for all Hirebook modules. The Business plan is at $10 a month per user billed annually or at $15 per month per user when billed monthly.
- Ease of use: Customizable engagement survey tool for quick and seamless feedback gathering.
- Key features: Get insightful feedback from individuals and teams, aggregate and analyze responses, and foster continuous actions to improve the organization.
- Integrations: Integrate Hirebook with top communications, HR, and enterprise security solutions apps.
- Support: Has excellent resources, like workshops, to ensure proper transfer of skillset and guarantee success in your organization.
8. Peopleforce.io
An all-in-one HR software to help create a high-performance culture among members, no matter the scale.
- Price: As a flexible modular HRM solution, you can choose a module or create combinations and pay for the services that you will use. The PeopleHR module, for example, is priced at $75. Add PeoplePerform for 360-degree feedback, which will bump the price to $125. You can request a demo to see which combos will fit your organization best.
- Ease of use: It centralizes HR tasks so you can maintain transparency in one place.
- Key features: A variety of products to help with your particular HR needs, like PeopleHR, PeopleRecruit, PeoplePerform, PeoplePulse, PeopleDesk, and PeopleTime.
- Integrations: More than the 360- feedback features, it can also be integrated with other software and APIs for more functionalities, including payments, send payouts, and online business management.
- Support: The Resources page has every information that you may need, including product updates, API documentation, HR templates, and events.
9. Sprynkl
A free mobile app under GroveHR to give 360-degree performance feedback. It is a more contextual approach to giving and receiving feedback so that employees can overcome their weaknesses and boost their strengths.
- Price: Free
- Ease of use: This tool works like a private social network to stay connected with other team members.
- Key features: Allows multiple team creation in a social-media-like platform where employees can like and comment on posts. This gives the employees the chance to monitor and improve their performance.
- Integrations: Streamline your workflow with HR software integrations, like ATS, Slack, and Google Calendar.
- Support: Digitizing HR operations has never been easier with Sprynkl. GroveHR provides support in using this engagement app.
10. SpiderGap
Over a thousand organizations in more than 134 countries rely on Spidergap as a 360-degree feedback software.
- Price: Price plans start at $89 per user, billed annually.
- Ease of use: It has built-in templates and allows customized questionnaires to make the tool perfect for any organization. It is easy to set up and easy to scale.
- Key features: Mobile applications that can let you import/export data, do a continuous assessment, do online surveys, participation statistics, and gap analysis.
- Integrations: You can integrate cloud or hosted HR systems with Spidergap, like importing data from Excel to a Spidergap project.
- Support: World-class support from the Help Center that has all information to run Spidergap. Likewise, you can use email support and the in-app messenger that can be accessed from any page of their website.
Other 360 Degree Feedback Software
Here’s a few more 360 degree feedback tools for more alternatives.
11. Eloomi – An excellent 360 feedback platform for companies who need to track employee training and compliance.
12. EchoSpan – Offers reports, including a complimentary 360 degree survey template.
13. Kazoo – An all-in-one employee experience platform with helpful pre-purchase resources and a buyers guide.
14. Spectiv – Best platform for collecting candid feedback anonymously, with time-saving automations.
15. IntelliHR – An excellent recruiting tool covering all aspects of the recruitment process and all levels of expertise.
16. TalentGuard – Includes a 360-degree feedback and performance benchmarking system.
17. StaffCircle – A 360-degree review and appraisal software with AI capabilities to assist in the processing of company-wide feedback and the identification of trends in a department or team.
18. SurveyMonkey Enterprise – An online survey tool with incorporated 360-degree template and custom question branching.
19. PeopleGoal – 360 review software that automates custom workflows for reports, anonymous feedback, and feedback from external stakeholders.
20. Reviewsnap – This performance management software solution has everything you need to improve goal ownership and staff retention 360-degree feedback, simplified goal management, real-time graphing capabilities, and raw data metrics.
21. AssessTEAM – An holistic performance management system that enables HR professionals to get a birds-eye view of company-wide results, as well as compare team and individual employee performance side-by-side.
22. Synergita – Offers a software platform that aims to increase self-awareness and assist employees discover blind spots and possibilities for improvement.
23. Blue – A comprehensive 360-degree feedback tool for educational institutions, allows students, staff, and instructors to grow their abilities while generating reports on all aspects of a school.
24. Grapevine Evaluations – If you have a complex HR management team, this program is perfect for you. With an unlimited number of sub-administrator accounts and the ability to control access levels, this cloud-based evaluation program has everything you need.
25. Glint 360s – This tool is designed to help users enhance their leadership skills by providing them with interactive online reports. Participants can easily dive deeper into their own data and understand their future leadership potential.
26. Trackstar – With this tool HR managers can determine who feedback is shared with, ensuring that both the reviewer and reviewee feel comfortable sharing honest information.
27. Empxtrack 360 Feedback – The best 360-degree feedback software for coaching workers on how to improve the skills that are most essential to your organization.
A 360-degree feedback review is essential to any organization, because it will allow you to paint a complete picture of your employees’ performances and work behavior.
It is crucial to spend time planning before you implement a 360 performance review program. The 360-degree feedback software is the most innovative approach because it has all the features necessary to support performance evaluation.
With 360-degree feedback tools, you can properly execute your employee assessment processes. This would lead to having more accountable employees who are not only aware of their strengths but are also conscious of their areas of growth.
Now you have a good understanding of the best 360-degree feedback options on the market. What features and benefits sound the most exciting to you? Are you ready to enrich your employee experience and embrace a continuous feedback model? Let me know your thoughts in the comments section.