One of the most important goals of your performance review is to help you develop professionally. At the same time, the company will set goals for you to help it achieve its objectives. So at both an individual and corporate level, performance reviews are about future excellence as much as past accomplishment.If you help set your own goals, the chance of your meeting them will be higher. Think carefully about what you can realistically do to achieve your targets.Your action plan for professional development should provide answers to the following questions.What areas of your performance do you... view article details

 One of the most important steps in the cycle of excellence is the employee self-appraisal. Your manager may ask you to conduct a self-appraisal approximately one or two weeks before your performance review. It is worth taking the time to complete this exercise thoughtfully, because it will enable you to compare your impression of how well you did with your company's impression. The form may be identical to the one your manager uses, so it will give you a good indication of what will be talked about in your performance review and later filed with the human resources department. You will also n... view article details

Educate Employees as to How Performance Reviews Affect Their Pay It's Performance Review Season. Is Your Process Working? Insight from Employees on Performance Reviews and Seven Tips for Everyone to Get More from the Process EMPLOYER MYTH #1:  Your employees "Get It." FACT:  Many employees don't understand how the performance review impacts their compensation. Generally speaking, the majority of employees don't have a clear understanding of how their employer links pay to performance. For managers who have been trained in the organization's performance management program and merit budg... view article details

Your performance standards establish the link between the company's objectives and your job description. Your manager will translate corporate objectives into acceptable performance standards for your position given the tasks in the job description. The job description identifies measurable tasks, and the performance standards establish the acceptable levels for each of those tasks.For example, if the job description for a loan officer at a bank says, 'Identifies and assists prospective clients in the loan application process,' the loan officer's performance standards for this task would relat... view article details

Typically, employees have performance reviews once or possibly twice a year. You might have a performance review after your first three months in a new job, to make sure it's a good fit. If it has been more than two years since your last performance review and your last raise, you are probably overdue.Some companies schedule everyone's performance review at the same time, for example the end of the calendar year. Others conduct performance reviews at employees' anniversary dates. In either case, make sure your review happens. If your company seems to be dragging its feet, take the initiative t... view article details

The rules of performance reviews are changing. Not too long ago, management guru Peter Block said, 'The performance review is the company's opportunity to prove to you, once again, that they own you.' But as employees gain better access to information and assume more responsibility for managing their careers, the performance review is becoming another opportunity for you to demonstrate value to your company.The Purpose of a Performance ReviewPerformance reviews give employees and employers a chance to evaluate regularly whether they are happy with each other. The review is a meeting between yo... view article details

Your company may have a number of reasons for assessing your performance. To go over your work during the period in question.To find out what kind of training you need.To help you develop as a professional.To set goals for your future performance.To determine whether and when to promote you.To compensate you based on how well you perform.To find out how your skills fit into the corporate picture.This last point is where it all starts. By measuring how effectively you and your coworkers carry out your responsibilities, your employer is also assessing how well it is meeting its overall goals. U... view article details

 At the end of the performance review, you and your manager will sign a form documenting the results of the meeting and citing changes and plans for the future. Your manager will also collect your self-appraisal to submit to the human resources department with the other paperwork for your employee records.Employers keep records of performance reviews for their protection in case of contested terminations, failure to promote, and contested training opportunities that could arise in the future. Your employee file protects you as well since it can prevent unfair assessments and ratings in future ... view article details

Most employers conduct salary reviews as part of the performance review cycle. This is one of the best opportunities to negotiate for more pay. Startup companies and other employers may offer a salary review after the first three to six months on the job.Many companies believe in separating the performance review from the salary review, because one is an evaluation and the other is a negotiation. But the business world moves so fast that that the two discussions are often combined.Companies set budgets for pay increases. Usually the budget calls for the average employee to receive a 4 percent ... view article details

Do you have a copy of your job description at your desk? Have you ever seen your job description? Does it accurately reflect what is expected of you?Job descriptions play a vital role in your compensation, because employers decide what to pay people based on the value of specific skills. Add up the list of responsibilities in your job description, and you should get the totality of your expected contribution in both qualitative and quantitative terms. Without a written job description, you and your employer cannot accurately measure your worth on the job.A job decription should state the overa... view article details