Describe the role of "360-degree feedback" in Cornerstone.

The role of "360-degree feedback" in Cornerstone is to gather performance feedback from all levels of an employee's work environment, which is what makes it a comprehensive tool for development and assessment. This method captures insights not just from managers, but also from peers, subordinates, and sometimes even clients, providing a well-rounded view of an individual's performance.

This holistic approach encourages a richer understanding of strengths and areas for improvement, fostering personal and professional growth. It stands out from other feedback methods, such as relying solely on management perspectives or being limited to peer reviews, because it emphasizes a variety of viewpoints to create a fuller picture of employee performance. Furthermore, it is an ongoing process rather than a one-time feedback event, allowing for continual development rather than a snapshot in time. This continuous nature enhances its effectiveness in promoting an environment of open communication and feedback.