Research shows, companies that implement regular feedback have employee turnover rates that are 14.9% lower than those that do not have feedback.
In a workplace as dynamic as today, a 360-degree approach towards performance becomes critical to foster regular, healthy dialogue between managers, reportees and teams about ongoing performance. Industry best practices suggest adopting a combination of Continuous Feedback, Multi-Stakeholder Feedback, Periodical Check-ins and Trigger Based Reviews for performance evaluation, because it is obsolete to wait until prescribed timelines to recognize or course correct an individual’s performance. The need of the hour is a holistic performance approach that can arrest attrition, improve performance and spike engagement.
This session will offer mind-bending insights on why and how a 360-degree performance approach is the way forward for success. In this webcast, Mr. Ashish Kumar Singh, VP-HR, Myntra-Jabong will share his experiences from Myntra-Jabong and his previous organization Adobe Systems on how new-age and dynamic organisations set course towards a 360 approach to performance management.
Enclosed are key discussion pointers of the session:
1. What are the challenges with yester-years’ performance approach?
2. What does a 360-degree performance approach entail?
3. Why should one move to a 360-degree approach?
4. How to make your employee the owner of performance?
5. What are the challenges one would face in driving adoption of this new approach?
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