A Study on 360 Degree Performance Appraisal on Job Satisfaction in IT Sector

Abstract

Human resources are to be considered as a very important asset of the company and the importance of human resources is very well known to the organization. The success of any organization depends on its ability to correctly measure the performance of its members (employee/resource) and use that measure to neutrally boost and optimize their performance.  Performance appraisal is one of the functions of Human Resource Management for measuring and evaluating the performance of the employees in an organization over a period of time as against the set standards. Different methods are used for evaluating performance in different types of organizations and 360 degrees performance appraisal is one of them. This study is designed to study the relationship between the 360 degree performance evaluation system and its impact on job satisfaction & on efficiency of employees. A questionnaire is designed for this purpose and the study is conducted to the employees of IT sector. The study also sheds light on the strengths, weaknesses and opportunities of the 360 degrees feedback system.