I recently conducted this feedback exercise for an organization, starting with the head office staff and then expanding it to the entire field sales managers. During the briefing for the exercise, I asked them what they understood by the term '360 degrees feedback' and received varied answers. Some examples -
1. Getting feedback about all the aspects of my work and my personality.
2. Giving feedback to everyone in my office.
3. Getting feedback from everyone in my office.
4. Getting feedback from all those who I interact with at work.
The system for 360 degrees feedback (also called multi rater feedback) has been in use for several years and has steadily increased in its popularity. Fundamentally, it involves receiving developmental feedback about yourself from three levels of people in the organization. Your subordinates, your peers and and your superior(s). Hence the term 360 degrees, denoting the fact that you would stand to receive feedback from 'all sides.'
It all sounds very good, but implementing it without sufficient care and preacution can have disastrous consequences. It is important to find the answers to these questions before embarking on the exercise.