Top choice of top companies
360 Evaluation broadens yet simplifies the review process by making it easy for stakeholders at all levels to deliver feedback in real time, and providing each employee the opportunity to receive feedback from all directions.
Functionalities of 360 Evaluation
Overall
performance
measurement
Increase and measure the degree of employee engagement and performance. All types of feedback can be encouraged and monitored, a specific strategy can be created to support employees to perform. Both company and employees gain a comprehensive view of all aspects of their performance through a final report summarizing all input.
Feedback
from all
directions
This includes upward feedback from managers’s direct reports, peer feedback from coworkers, and downward feedback from managers. Most 360-degree feedback tools are also responded to by each individual in a self-assessment.
Valuable
insight
Gain actionable information for the employee and valuable insights for the company. Gather valuable insight into the skills and behaviors desired in the organization to accomplish the mission, vision, and goals. Leverage the feedback to drive performance, development, and growth for individuals and teams.
Ask the right
questions
Opt for an universal set of questions to rate employees, establishing a performance benchmark, and comparing competencies and skills, or cater questions to each individual. You may include questions on leadership, communication, and strategy, on time management, collaboration, and technical skills.
Sample
questions
CoFactor software displays a mix of open-ended and closed-ended questions, in order to provide both qualitative data and quantitative insights into an employee’s performance. You may chose from a large list of ready-made questions the ones that better fits your interests.
- It provides better, more well-rounded, and more diverse feedback.
- It helps identify developmental needs — both at an individual and organizational level.
- It makes managers better. By giving employees a safe place to provide upward feedback to their managers, 360 reviews keep leaders accountable for their management decisions and impact, and deliver the insights they need to better manage their teams.
- It builds trust, as employees are more trusting of 360-degree feedback. Some people struggle to deliver feedback face-to-face, particularly if the feedback is challenging. This can lead employees to question the honesty of the feedback they receive during the traditional review process.
- It develops and strengthens teamwork and accountability.
- It uncovers procedural issues that can hinder employee growth.
- It reveals specific career development areas.
- It supplies insight on training needs.
Stay up-to-date with latest insights from
performance management & employee
engagement
“With the help of Co-Factor, we have implemented the latest internal communication and performance management system that has come into force since the second month. We have thus succeeded in increasing people’s level of involvement and performance, generating a 33% increase in the number of clients in the first year.
Anca Bidian
CEO, Kiwi Finance
“The integrated performance management solution developed with Co-Factor meets a strategic need for Flanco and it is a project appreciated not only internally, but also by the HR community. The solution is a complex one where we have managed to engage in a permanent conversation over 1000 colleagues. Currently, this platform is daily viewed by over 300 of them and the monthly conversion rate is over 95%. The appreciation received ensures me that we have really succeeded in making a difference thanks to what we have built with Co-Factor, our partner who brought the project to life by combining its expertise in performance consulting and engagement with a user-friendly and intuitive technology.
Nicoleta Capătă
HR Director, Flanco Romania
“The Co-factor platform is about people and is the right fit for our goal of keeping people together. Shortly after the implementation, we managed to create an integrated and vibrant community with an increased engagement level, our collaboration improved and now we have the right premises to get to know each other better and to exchange experiences. We appreciated the expertise, openness and empathy of the Co-Factor team and in addition to the complex module of internal communication, collaboration and recognition, we managed to develop modules such as performance management, training and innovation. The Co-factor team has remained in touch and promptly comes up with solutions to our needs.
Lucia Costea
Managing Partner, Secom
“Co-Factor is about: innovation, availability, continuous support, openness to requirements, empathy. Real professionals who can offer different solutions and adapt them to the specificities of their customer organization. Beautiful, open people, ready to complete projects on time, whatever obstacles they may face. People who quickly understand company specifics, people who treat the customer with the greatest attention and make them feel as they matter the most.
Roxana Crăciun
HR Manager, Regina Maria
“I had the chance to meet the Co-Factor partners during the period when we had decided to set up a very user-friendly and up-to-date platform that could better meet our needs: performance management, internal communication, activation and immediate recognition of good employees etc. and therefore I was looking for a suitable supplier. Our needs instantly resonated with their product, so our collaboration began shortly after that first meeting. We are counting on this collaboration for our personnel development projects here at BT!
Nevenca Doca
HR Executive Director, Banca Transilvania
“The Co-Factor team brings a strategic perspective on organizational challenges, and thanks to their competence, creativity and pragmatic approach they are able to provide concrete and impactful solutions that integrate digital processes with the offline ones. We enjoy working with them and also the tangible benefits.
Alex Reff
Country Managing Partner, Deloitte Romania
“For a company that prides itself on the best customer satisfaction performance in the group, it looks like the Co-Factor team can’t have much more to offer. We couldn’t be more wrong. It is in this context that the investment in a project that supports team commitment is justified. What convinced us was the consultative way the Co-Factor team managed to build a solution based on our needs and our everyday issues. The result: the solution implemented had a 93% adoption in the first 2 weeks and today it is a great success in our organization, a sharing and transversal collaboration platform. I would say that this success did not surprise us, since the solution expresses the very spirit, values and the Arval culture.
Dan Boiangiu
CEO, Arval
“I would like to thank the Co-Factor team for the excellent service in developing and implementing the Avon Innovate platform from Avon Central Europe. We entered into this 5-year collaboration with Co-Factor because, among the various offers we had received from potential sellers, Co-Factor not only offered us a complete and flexible solution, with the possibility of adapting it to all our requests, but also a solid expertise in the field and a team ready to meet all our functional and quality needs. They convinced us to choose Co-Factor as a partner for this strategic project which covers 19 markets we operate on in Central Europe.
Maciez Starzyk
CE Strategy Manager, Avon Cosmetics
“In recent years, we have spoken persistently about our values and the importance of following them. Innovation is one of the core values of the Caroli company. Co-Factor has come up with an ingenious solution through a platform that aims to promote and increase employee involvement in innovation. Now, I can finally say that innovation is no longer perceived only as a great value for some employees, but a value oriented towards obtaining real results that the whole team can assume on a daily basis.
Khaled El Solh
CEO, Caroli Foods