Importance of FMI 360° Feedback

The FMI 360° Feedback assessment is a beneficial tool for individual participants, human resource departments, and organizations. The following are just some of the benefits that we have seen:

Improved training and development opportunities — the FMI 360° Feedback is an accurate and effective tool to diagnose workplace reality. Providing the individual with an accurate picture of their strengths and areas for improvement is key to providing appropriate and meaningful training and development.

Improved morale — the FMI 360° Feedback improves morale among all levels of an organization by improving communication, increasing the effectiveness of training and development opportunities, and creating a culture where each individual feels that their feedback is valued and appreciated.

Strong teams — t he FMI 360° Feedback facilitates communication, builds trust, and reduces the uncertainty of expectations, thereby building stronger teams that truly work together.

Lower costs — the FMI 360° Feedback assessment process is an unparalleled value in 360° systems with low set-up costs. The process is easy to use, allowing human resource departments to save time and money while capturing valuable information about training and development needs.

 

The following are additional benefits to each party:

Benefits to Company

  • Initiates training — employees are motivated by report results to initiate specific career development programs
  • Provides team incentives — quality, participation, and content of feedback are improved when the team helps members work toward a collective goal and reward
  • Promotes customer relations — when asked to contribute feedback, customers know their opinion is valuable to the organization
  • Develops talent — provides definition of core competencies for various positions
  • Promotes high — involvement workforce-360° feedback helps direct reports know their opinions are important to the organization

Benefits to Participants

  • Awareness — process creates an awareness for leaders of how others comprehend them and their leadership styles
  • Growth opportunity — individual strengths and growth areas are identified so that a development plan can be prepared for improved performance and career advancement
  • Web-based system — Internet access allows participants to review reports outside the office environment
  • Teambuilding — strengthens support within the team by facilitating communication, building trust and reducing uncertainty of expectations
  • Tangible report — report in PDF format via e-mail, printable for hardcopy use
  • Morale improvement — 360° surveys draw attention to where participants can help improve morale within the organizational environment
  • Timely feedback — no waiting for annual evaluation time

Benefits to Human Resource Departments

  • Needs assessments — reports identify training and development needs for individuals and groups across the organization
  • Organizational communication — the 360° process builds essential feedback to leaders throughout the organization
  • Low administrative time — ease of use for HR administrators saves time and money in capturing 360° information
  • Flexibility — utilize standard or custom leadership competency models
  • Customizable — FMI 360° Feedback enables organization to have its corporate logo and look on its own 360° website
  • Low entry costs — initial setup and pay per usage combine for an unparalleled value in 360° systems
  • Automation — once installed, the 360° process runs itself with personalized notices to participants throughout the process