720-degree Performance Appraisal - The Most Recently Introduced Concept & An Integrated Method in Performance Management System

Performance Appraisal is a concept, started in the early 20th Century. It is the process of obtaining, analyzing and recording information about an employee to evaluate and improve their performance. It is evaluated in terms of Quality, Quantity, Time and Cost and also analyses the value that the employee adds to the goals of the organization. This appraisal system has started from 90-degree to 720-degree till date. Before introduction of 720-degree appraisal system, the companies were using 360- degree system. 720-degree Performance Appraisal is one of the most recently introduced concepts. As the name suggests, 720-degree performance appraisal is an Integrated Method, where the employee’s performance is evaluated from 360-degree (Management, Colleagues, Self and Customers) and timely feedback is given. In this paper, we are going to evaluate the awareness of the 720-Degree Performance Appraisal in the Organizations, analyze the feedback of Employees and the Management about the feasibility of the 720-degree Performance Appraisal.IJSRED - International Journal of Scientific Research and Engineering Developmen