Final answer:
360-degree performance appraisal is a process that collects feedback from multiple sources including supervisors, colleagues, and subordinates to evaluate an employee's work performance.
Step-by-step explanation:
360-degree performance appraisal is a process that collects information from the employee's supervisor, colleagues, and subordinates about an individual's work. This type of appraisal system involves multiple perspectives to provide a comprehensive evaluation of an employee's performance. Ratings and feedback are obtained from various sources such as supervisors, peers, employees supervised by the individual, and even customers. The purpose is to give a broader and more balanced view of the employee's job performance. It helps employees identify areas for improvement and assists supervisors in making decisions about their position and compensation.