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Measurement of employee performance has become a critical element of many company talent management strategies. Understanding how to accurately assess employee performance can enhance compensation, succession planning, training, and goal setting. One method getting a lot of attention is 360 degree feedback, also known as multi-rater feedback. Some estimates state that as many as 90% of Fortune 500 companies use some variation of multi-rater feedback. Before implementing a 360 degree feedback plan, there are a few things you should keep in mind.
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