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In the fast changing business environment, companies became highly competitive, market driven, customer centered and quality conscious. Literature suggests the companies to focus more on its manpower in order to stay afloat in such business scenario. Performance management process helps the organization to earn sustained success. Therefore organizations are continuously trying to enrich its performance management system with the effective and unbiased rating techniques. 360 degree appraisal is one of such appraisal tools which provides an in depth feedback from multiple raters. Gradually this tool is being implemented in many companies. In this paper, an effort is made to study the response of employees of various age, designation and experience groups of an Information Technology (IT) company of Bhubaneswar. The responses of employees were obtained based on various factors such as proper planning, effective execution, feedback, motivation For this study a sample of 89 executives are taken. Convenient sampling method was used to select the sample