Answer:
I think the "360-Degree Feedback" is probably a good idea. The idea being you want the employees to feel a sense of "ownership" in the organization, what better way than to allow them some input in the employee evaluation process? However, I would weigh the evaluations carefully, and weigh them differently than evaluations from supervisors. I would also rely on measured performance when it came to raises or promotions.
First published on BankersOnline.com 8/6/01