Tips on Negotiating Your Raise during Performance Appraisal
Regardless of whether you are in the corporate sector, government sector, or any other – appraisal and promotion are two things that everyone waits for. Despite what many believe, salary is an aspect that plays a major role in the overall satisfaction and engagement of the workforce. If you are unsatisfied with your salary, disengagement from the job starts becoming evident. And, no matter how hard you try to focus, a part of you will always go back to thinking about your salary. This doesn’t happen instantly or two days into your work life; it is a gradual process that starts to become obvious as the year goes by and your performance appraisal comes into the picture.
Every organization appraises its employees for the amazing work they do over the year; however, even they have a set limit for the appraising percentage and the employees with the best performance record are given the highest percentage. There are times when you will be satisfied with your appraisal; at times, you might expect more. Often, employees are given the flexibility to negotiate their raise but they get confused as to what to say and how to keep their expectations forward. If you think you deserve more, here are some tips to negotiate the raise during your performance appraisal –
- Track your Accomplishments
One of the things that you need to keep a track of is your work accomplishments. At the beginning or end of each week, note down the work that you have done, check the daily reports, if you have done some extra work on a particular day, and so on – make a note of them. Keep all these documents handy when your performance review meeting is going on. Present them to your manager or the appraisal panel during the discussion so that they know about the exceptional work that you have done.
- Always Know your Worth
An aspect that you should consider as a part of your appraisal or salary discussion is what you deserve. You must know your worth and by worth, it means the geographic location, the cost of living, and other such specifics of your role. Adding to this, the educational qualification also plays an important role here. Make sure that you negotiate in a way that keeps up with your worth.
- Consider your Company’s Context
While a good raise is every employee’s right; ensuring that you consider the limitations of your company is also very important. Take some time out and research about your organization’s possible obstacles, any recent lay-offs, or any other cost-cutting measure that they may have undertaken. So, when the appraisal discussion starts and you are asked about your salary expectations, you can keep your expectations forward while letting the panel know that you are aware of the obstacles and so on.
Other than these, you have to make sure that you stay positive through the entire appraisal process. Keep a good rapport with everyone in the office so that your manager knows about the leading and friendly qualities you have. Keep in mind that it is okay if the raise doesn’t meet your expectation 100%; you just have to be optimistic and see the good things. Just keep these points in mind and make sure to negotiate properly.