Leveling up your performance management with 360 degree feedback could be they key to unlocking the full potential of your people. Designed to give you comprehensive insights, Alchemist 360 is a practical digital tool to help you achieve just that.
What is 360 Degree Feedback?
As you might expect, 360 degree feedback is collected from every angle. From direct reports to managers to clients, every aspect of your role is covered. Getting information in this way provides the most comprehensive view of what you do well and what you need to work on.
The major benefit of this feedback style is how it supports self-awareness. It’s easy to overlook our own strengths when we reflect. Getting external viewpoints can help to highlight the positives that we might not even see. It’s also useful to shed light on areas that might need some development, which is useful when it comes to setting goals.
What Is Alchemist 360?
Alchemist 360 is a digital tool that allows you to perform 360 degree feedback with ease and agility. Designed with simplicity in mind, it can be used by anyone without the need for technical support from Alchemist.
How Does It Work?
Fully customisable, the platform allows you to set criteria that matters most to your organisation. This could include anything, from communication skills to thinking with a future focus.
As people give feedback against these characteristics, a 360 degree profile is created. Presented as easy-to-use data, the dynamic report gives you a clear view of your team.
These insights can be used at an individual, team or organisational level to provide you with a deeper understanding of what skills make up your business.
What Can 360 Degree Feedback Do For My Business?
Alchemist 360 is an invaluable tool for your business. It can support your learning strategy, and wider organisational goals, in a number of ways:
1. Data Comparison
Having the ability to compare results is key to good performance management. Measuring data against peers or managers, seeing how one team holds up against another and observing the differences between functions is invaluable. It allows you to hold on to competitive standards and create a culture of continuous improvement among your people. On top of this, benchmarking against company standards becomes a walk in the park.
2. Better Decision Making
With individual, team and organisation data available, you can make better strategic decisions. The information that 360 degree feedback can provide informs all sorts of conversations. The ability to track performance over time not only provides insight into how your people are learning, but also how they are evolving as people. This high level knowledge at individual or team level allows you to set more relevant goals and build more robust development plans. Transforming your learning strategy is a key step towards growth.
3. Enhance Learning Experience
Alchemist 360 can enhance the learning experience for everyone, not just your learners. You could get someone to administer a 360 degree feedback activity, but not only do they have to spend the time giving the right questions to the right people and collecting the results, they then have to collate the data and present it in a way that’s easy to digest. Alchemist 360 does all the heavy lifting for you. Further than this, it is fully customisable and provides you with a holistic understanding of your people. This means that they get learning and feedback that will resonate with them. With the data provided in an accessible way, both learners and managers can understand more about their experiences.
4. Improve ROI
Incorporating Alchemist 360 in to your learning programme can also boost the ROI. You might have a decent understanding of the learning needs in your organisation, but without clear data it’s mostly guess work. Alchemist 360 eliminates room for error by helping you target learning more specifically. By focusing on skills that are actually in need of development, your learning roadmap will have a much greater impact. It saves time and money with the information you need at your fingertips for strategic decision-making. Overall, this will improve the ROI of your programmes.
Get The Best From Your 360 Degree Feedback
With Alchemist 360, giving and receiving feedback has never been simpler. Get valuable insights for both learners and managers to make the learning process a smoother journey for all involved. Want to know more about how you can wield Alchemist 360 to your advantage? Get in touch to start the conversation: