Evaluating The Efficacy Of 720-Degree Performance Appraisal System In It Industries: A Comprehensive Study

Abstract

This research study aims to investigate the implementation and effectiveness of a 720-degree performance appraisal system within selected Information Technology (IT) industries. In recent years, there has been a growing interest in more comprehensive and multi-dimensional approaches to employee performance evaluation. Performance appraisal systems have long been a cornerstone of HR practices in IT industries, aiming to assess and enhance employee performance. This study examines into the effectiveness of a 720-degree performance appraisal system, a novel approach that combines traditional 360-degree feedback with real-time data analytics and AI-driven insights. The research investigates the adoption and impact of this innovative appraisal system on employee performance, job satisfaction, and organizational outcomes within the context of IT industries. The 720-degree performance appraisal system, which combines feedback from supervisors, peers, subordinates, and self-assessment, offers a holistic view of an employee's performance and development.