It’s Performance Review Season: Here’s How to Prep (and Land That Raise)

After bidding farewell to school, the days of receiving grades may seem like a thing of the past, but in the working world, assessments remain constant. In the absence of regular feedback from your manager, the annual performance review becomes pivotal in evaluating your progress at work.

Sponsored by / BANK OF AMERICA

6 Financial Questions You’re Afraid to Ask—Answered by a Top Money Expert

From living paycheck to paycheck to managing debt, here are questions and expert answers that can help level up your finance game.

CLICK TO READ!

Approach your annual review as an opportunity for an open dialogue with your boss about your performance and growth avenues. To ensure you’re well-prepared for this crucial conversation, follow these steps to not only excel in your review but also position yourself for a potential raise.

1. Crunch the Numbers

Prior to your review, gather data on your accomplishments over the past year. Highlight achievements such as boosting social media followers or implementing tools that drive team productivity. Quantifying your contributions in terms of revenue growth or cost savings can significantly strengthen your case for a raise.

2. Be Honest

While feedback is encouraged during reviews, exercise caution in sharing criticisms. If voicing concerns, strike a balance by also praising your manager or expressing job satisfaction. Complaints should ideally support your case for a raise, like taking on additional responsibilities.

3. Define Your Goals

Clearly outline your objectives for the review, whether it’s a raise, promotion, or other career advancement. Consider requesting a job title change or educational opportunities aligned with your evolving role within the organization.

4. Propose Solutions

Present viable solutions to any work-related challenges you’re facing. Your readiness to suggest remedies demonstrates proactive problem-solving and can facilitate positive changes in your role.

5. Practice and Prepare

Practice discussing your accomplishments, aspirations, and areas for improvement with a trusted individual to refine your communication. Anticipate receiving constructive feedback and rehearse responses to showcase your readiness for growth.

6. Stay Calm and Confident

Approach your review with composure, highlighting your achievements and preparedness. Regardless of any critiques, demonstrate your professionalism and readiness for advancement. Celebrate your successes post-review; you deserve it!