IS 360 DEGREE FEEDBACK THE BEST METHOD FOR PERFORMANCE EVALUATION?

360 degree feedback method takes feedback of all the co-workers, customers and staff members. The feedback provided may not be correct as there may be lot of biasing. If the feedback is provided fordrgopal.jahagirdar@mgi.ac.in the appraisal, promotion or dismissal of the employee, the co-worker may not give the feedback in favor of the employee due to envy or if the person is a close friend he may try to provide the feedback in the favor of the employee. There are advantages and disadvantages of this method. This research paper makes an attempt to find whether 360 degree feedback method is a good or a bad method. It also tries to find out whether it provides true feedback of an employee. In addition, it also tries to find out what can be the other advantages and disadvantages of this method.