Harvard Business Review (HBR) published a January-February 2023 issue titled, "What Most Companies Get Wrong About Managing Talent." A feature article in the issue by Mark Mortensen and Amy C. Edmondson called "Rethink Your Employee Value Proposition: Offer Your People More Than Just Flexibility" discussed an employee value proposition composed of four interrelated factors.
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Multi-rater or 360-degree assessment is a type of assessment that provides a 360-degree perspective for the person being assessed. The perspectives typically included are: self, managers, peers, direct reports, and others (often customers, for example). Feedback is collected from all of these perspectives regarding a person’s effectiveness related to various competencies and behaviors. All of this information is collated into a report that gives a person a 360-degree view of how others perceive their effectiveness in the competencies and behaviors assessed.
The use of assessments in companies today is a very common practice. Having assessment strategies and standards that guide companies in their assessment practices is not.
Examples of the frequent use of assessments in organizations today include: