Preparing For Your Job Review to Get The Raise You Deserve
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Originally posted on The Life Currency:
One of the hardest and most challenging things that you’ll have to do in your career is to negotiate your salary, and for women, it can be a daunting task. According to the Atlantic, “Men overestimate their abilities and performance, and women underestimate both, even though there’s no difference in the quality of their performance.” It’s challenging because it’s uncomfortable to talk about money, but it’s vital conversation to have because you don’t want to sell yourself short. The worse feeling to have is when you take an offer and realize that you are making significantly lower than what you should be making. Stop leaving money on the table, and use your mid-year review as an opportunity to negotiate the salary you deserve. Here are some tips to gain the most from your mid-year review:
Write Down Your Achievements
Take some time and evaluate your work achievements and how it contributed to the company. Did you make a process more efficient? Did you add to your employer’s profit? Did you bring in new business? Document all of your career wins for your current employer. Breakdown your impact and quantify it to showcase how you measure up in numbers. Also, if you have your last review notes available, make sure to bring them and evaluate your growth based on the previous performance review.
Do Your Research
Check to see how you measure up in the industry and what your counterparts are making across the U.S. Websites like Glassdoor, Salary.com and PayScale are great tools to use for researching what your raise should look like. Review other career sites to get a variety of tips on what language or vocabulary to use during your meeting to help you sell yourself and feel confident while doing so. You can even rehearse a script for negotiating during your review with tips from The Muse.
Leave Emotions at the Door
Keep your mid-year review professional by leaving your emotions at home. Shake your personal feelings off, so that you can clearly present your performance stats to the table when asking for a raise. Don’t attack your boss, don’t shade your co-workers and don’t be intimidated. Try not to mention personal reasons for why you need more money, because in truth we all would like to have some extra change in our pockets. Therefore, you have to present the facts based off of your performance as the reasons why you deserve a raise.
Bring Your All to the Table
Now that you have your list of achievements and a set salary that you are asking for, don’t sell yourself short. At the end of your review, see if they offer to raise your salary first before you ask. Bring your A game to the table and ask for what you want. If they there is hesitation ask to revisit the issue by setting a date for an additional meeting and immediately send out a memo to all parties involved including your notes on why you should get the raise.
This time around, don’t hurt yourself or your pockets. Go get what you deserve!
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