Washington, DC (PRWEB) March 27, 2014
Louis Carter and Best Practice Institute filed today for a nonprovisional patent for its new social business tool, Skillrater. Skillrater went online (http://www.skillrater.com) in 2012 and has been in beta testing since. Carter and BPI filed a provisional patent application in March. They describe Skillrater as a unique business method and technology application that will revolutionize business rating systems.
Skillrater is an enterprise feedback and performance appraisal tool built on a cloud-based social collaboration platform. The tool facilitates real-time workplace communication, ongoing 360-degree feedback, and continuous performance management and appraisal.
How Skillrater Works
After completing an activity, an employee using Skillrater requests a rating from a supervisor, peer, customer or all of the above. It takes just a few seconds to make an online rating request and just a few seconds for the rater to provide the requested feedback.
Skillrater feedback centers on simple one-to-five ratings on day-to-day activities and skills. Supervisors identify the skills needed to excel at specific activities, and those skills became the criteria for the numeric ratings. Along with the metric-based feedback, Skillrater provides a familiar social network environment in which qualitative responses can also be exchanged.
That's Skillrater's dual-tracked feedback system: numeric evaluations which are easy to give, receive, understand and measure alongside qualitative suggestions, praise and instructions.
Corporations and organizations have a glut of existing feedback systems to choose from, but Skillrater introduces several unique improvements to the feedback process which form the basis of Skillrater's nonprovisional patent application.
Workers want to know how they are doing, but they deeply resent arbitrary appraisals. When a feedback system produces resentment in the ranks, it is counterproductive to the goal of increased productivity. Studies have demonstrated that work often suffers a decline during the weeks immediately after a performance review.
Skillrater is a huge improvement over the much-dreaded conventional review process. Skillrater feedback is always tied to a specific activity and is delivered one activity at a time, which results in ratings that are delivered in context rather than in a vacuum. The result is positive, objective, meaningful feedback that encourages continuous improvement.
About the Best Practice Institute
Best Practice Institute is a leadership and management association focusing on best and innovative business practices. BPI has more than 42,000 subscribers, from managers to senior and C-level executives. BPI was named to Leadership Excellence magazine's "Best in Leadership Development" 2012 ranking. It has corporate and individual members in about two dozen countries on five continents, including executives and employees of more than half of the Fortune 500.
BPI services and activities include innovations in assessment and online distributed learning, cutting-edge business research, a faculty of hundreds of thought leaders and business leaders, a wealth of online knowledge including hundreds of webinars, and intimate, ongoing consultation provided to its premium membership. BPI's website, http://www.bpiworld.com, offers members a treasury of research, case studies and more than 300 interactive webinars led by BPI faculty members, which include world-famous thought leaders and Fortune 500 executives. Human resources training and accreditation (PHR, SPHR, GPHR) are available. BPI also offers http://www.Skillrater.com, a 360-degree assessment tool built on a social networking, cloud-based platform.
Louis Carter: Since founding Best Practice Institute in 2001, Louis Carter has led the company to become one of the world's top associations for leadership and human resource development, with more than 42,000 subscribers, receiving Leadership Excellence's Best in Leadership Development Award and Training Industry's Innovations in Leadership Development Watch List. Carter has written eleven books on best practices and organizational leadership, including the Best Practice series and the Change Champion's Field Guide, published by John Wiley & Sons.
Carter became chairman of the Best Practice Institute Senior Executive Board in 2005 after Pfizer, GlaxoSmithKline, Bank of America, Corning, Saudi Aramco, Volvo, Boston Scientific and The Gap became founding corporate members. Carter is creator of http://www.Skillrater.com, the new 360-degree feedback tool based on a new social networking platform, and creator of the BPI Online Learning Portal on http://www.bestpracticeinstitute.org. He received his undergraduate degree from Connecticut College and Brown University with honors in political science and economics and his graduate degree in social/organizational psychology from Columbia University with honors.
For more information or to schedule an interview, please contact Louis Carter: 800-718-4274; lou(at)bestpracticeinstitute(dot)org.