BONUSES, RAISES, PROMOTIONS- OH, MY!
Posted by admin on November 11th, 2010Year-end evaluation time is almost here- and that can mean bonuses and raises and promotions. Are you ready to make the most out of this opportunity? Yes, that’s right- I said OPPORTUNITY. How often do you have the chance to sit face to face with your Managers and discuss…YOU?
If you are well prepared, this can open doors and set your career on target. Here are some tips:
HAVE A GOAL IN MIND
Go into your meeting with an idea of how much of money you feel you are entitled to or a new job title you feel you deserve. Base this on realistic research, for your industry, or other past bonuses in your company.
BE READY TO STATE WHY YOU FEEL YOU DESERVE THIS RAISE OR PROMOTION
Citing “cost-of-living” is not, and I repeat NOT, justification for a raise, because “cost-of-living” deals with how you spend, not how much you earn; therefore just spend less! Mention specific projects you took on, over and above your normal work load or additional departments or new employees you assisted or trained. Talk about extra education you pursued, outside the office that pertains to your job.
TALK ABOUT WHAT YOU HOPE TO ACCOMPLISH AT THE COMPANY IN THE COMING YEAR
Have concrete ideas of how you can help to add value to the company. Perhaps the company could save money by switching vendors? Have a report prepared, documenting pricing and savings that could be achieved. Maybe you can add value by revamping the filing system to be more efficient? Write out a plan detailing your idea and bring it in your meeting.
IF ALL ELSE FAILS
If you are in your meeting and you have calmly and politely stated all the above information, and your managers STILL refuse your target goal, there is no harm in asking: What can I do differently that might get me to that goal? And then go one step further, and say: may I ask you for a 3 month performance review to see if the raise/promotion I am seeking is warranted?
Remember to keep your cool, have your facts together and know what you want!
For more information or tips go to www.mpc-nyc.com
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