360 Degree Feedback Tool

Website

thebalancemoney.com

Pricing URL

-

Release Date

-

Categories

#HR #HR Tools #Employee Feedback System #Communication

Lattice

Website

lattice.com

Pricing URL

Official Lattice Pricing

Release Date

2015 January

Categories

#Employee Performance Management #Employee Engagement #Employee Management #HR #HR Tools

Startup details

Country

United States

State

California

City

San Francisco

Founder(s)

Eric Koslow

Employees

100 - 249

360 Degree Feedback Tool features and specs

• Comprehensive Feedback
  360-degree feedback provides a well-rounded perspective on an employee's performance by including input from supervisors, peers, subordinates, and sometimes even customers.
• Enhanced Self-awareness
  Employees receive a broad range of insights about their strengths and areas for improvement, which can help them become more self-aware and foster personal development.
• Improved Team Dynamics
  The process encourages open communication and collaboration among team members, leading to improved working relationships and team dynamics.
• Targeted Development
  Organizations can use the collected feedback to design targeted development programs that address specific skill gaps and bolster strengths.
• Balanced Evaluation
  Reduces the bias that may come from a single source of feedback, providing a more balanced and objective assessment of an employee's performance.

Possible disadvantages of 360 Degree Feedback Tool

• Time-consuming
  Collecting, analyzing, and summarizing feedback from multiple sources can be a lengthy process, impacting productivity and efficiency.
• Potential for Bias
  Despite aiming for objectivity, the feedback process can still be influenced by personal biases, favoritism, or office politics.
• Feedback Overload
  Employees might feel overwhelmed by the volume and variety of feedback, making it difficult to prioritize and address key areas for improvement.
• Anonymity Concerns
  Maintaining anonymity for those providing feedback can be challenging, potentially leading to a lack of trust in the process and reluctance to offer candid input.
• Implementation Complexity
  Implementing a 360-degree feedback system requires careful planning, training, and resources, which can be difficult for some organizations to manage effectively.

Lattice features and specs

• Comprehensive Performance Management
  Lattice offers a wide range of performance management tools, including goal setting, performance reviews, real-time feedback, and employee development tracking. This suite allows companies to effectively manage and improve employee performance.
• User-Friendly Interface
  Lattice has an intuitive, easy-to-navigate interface that makes it simple for both managers and employees to use. This reduces the learning curve and enhances user engagement.
• Customizable Dashboards
  The platform provides customizable dashboards that allow users to track relevant metrics and performance indicators. This personalization helps organizations focus on key areas of interest.
• Integration Capabilities
  Lattice integrates with various HR and productivity tools such as Slack, Workday, and Google Workspace, allowing for seamless workflow and data synchronization across platforms.
• Employee Engagement Features
  In addition to performance management, Lattice includes features designed to boost employee engagement like surveys, pulse checks, and eNPS (Employee Net Promoter Score).

Possible disadvantages of Lattice

• Cost
  Lattice can be expensive relative to other performance management tools, making it less accessible for small companies or startups with limited budgets.
• Complexity for Small Teams
  The extensive features and capabilities of Lattice might be overwhelming for smaller teams who may not need such a robust suite of tools.
• Learning Curve
  Despite its user-friendly interface, the comprehensive nature of Lattice's features means there is still a learning curve, requiring initial time investment in training and setup.
• Dependence on Integrations
  While integrations are a strong point, organizations heavily relying on other platforms need to ensure these are set up correctly, and any issues with third-party tools can disrupt the experience.
• Limited Customization in Some Areas
  Although many aspects of Lattice are customizable, some users report limitations in customizing specific modules to fit unique organizational needs.

How Does A 360 Degree Feedback Tool Work? [Mercer | Mettl 360View Demo]

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