Your company is considering implementing a 360° appraisal system where up to 10 people in the  organization provide feedback on every employee as part of the annual performance appraisal process. This feedback will come from subordinates, peers, and senior managers as well as individuals in other departments. You have been asked to prepare a memo to the director of human resources about the  positive and negative effects this could have on the motivation of employees. Not all of the  employees are on a bonus plan that will be impacted by this feedback.