The shift from traditional one-to-one performance reviews to peer-based systems has generally increased the efficiency of employee feedback in global companies. This is because peer-based systems, such as 360-degree reviews, provide a more comprehensive view of an employee's performance, incorporating feedback from multiple sources rather than just a single manager. This can lead to more accurate and useful feedback, as evidenced by Google's experience where the percentage of employees who found the feedback useful increased significantly after the switch. However, it's important to note that the impact can vary between companies and depends on how well the system is implemented. Specific data for Apple and Tesla is not provided in the content.
This question was asked on the following presentation:
Need a way to streamline the feedback process for your team? Our Performance Review collection provides customizable slides for individual reviews, 30...
Go to dashboard to download stunning resources
Download
Text this question was asked on:
In a 360 degree review, you get the combined perspective of the employee, their manager, and their peers or reports all in one place. Companies such as Netflix, Microsoft, and Adobe now use a peer-based system instead of traditional one to one performance reviews. After Google switched to peer-based reviews, the percent of employees who found the feedback useful went from 49% to 75%.
Ask another question
Need to showcase the year's achievements? Our Annual Report collection provides customizable slides that can be used for any business need. It includes slides for growth and market share, product portfolio, revenue breakdown, sales summary, income versus expenses, sustainability highlights, and many more.
In the market for a new job? Use our Personal Showcase presentation template to upgrade your portfolio with top highlights. This deck can be used to apply for a new job, ask for a promotion or transfer departments, or share digitally with recruiters or new clients prospects to introduce yourself and unique skillset.
Use our Appreciation deck to highlight big wins and give teammates the recognition and acknowledgment of their hard work. Plus, measure employee engagement, diversity and inclusion efforts, and so much more.
How can you make your team feel valued and stay motivated? Wrap up the year on a high note and recognize and reward the high achievers on your team. Use this Team Appreciation presentation as an easy and thoughtful way to create cultures of engagement, inspire loyalty, and encourage high performance.
PowerPoint
Google Slides
Apple Keynote