Comprehensive Feedback: 360-degree feedback involves collecting performance feedback from a variety of sources including peers, subordinates, and supervisors, providing a well-rounded view of employee performance.

Employee Development: This feedback mechanism can identify strengths and areas for improvement, fostering employee growth and enhancing productivity.

Engagement and Trust: Employees feel more engaged and trusted when their contributions are evaluated fairly and thoroughly, which can improve morale and productivity during times of change.

Continuous Improvement: The feedback received can be used to tailor training and development programs, ensuring employees have the necessary skills to thrive in a rapidly growing organization.

References:

SHRM, "360-Degree Feedback: Best Practices," available at SHRM.org.

SHRM, "Improving Performance with Feedback," available at SHRM.org.