Is your performance review a good time to negotiate better benefits or a higher wage?
Use common sense. If your organization is going through an economic downturn, this would not be the time. Unless you are considered a key contributor and have the skills required to perform specialized functions, don’t ask. Even if this is the case, you should tread lightly. You should begin your negotiation strategy during better economic times. I do not recommend that an employee wait until their appraisal to ask for additional compensation. Your review should actually seal the deal. This topic of discussion should never be a surprise to your manager.
What should you do if you get a bad performance review?
Ask direct questions regarding what your areas of improvement are. Next, request follow-up meetings. You’ll want to ensure that you are still on track with your action plan. If applicable, ask the company to support development opportunities in the event that your skill set is not up to par, and be willing to take on additional projects so you can better demonstrate your skill set and excel.
What will a review ultimately mean in a tough market?
During these times, organizations are forced to eliminate headcount in lieu of talent. Just because you get a good or bad review, it does not necessarily mean that you will stay or be terminated. Unfortunately, some organizations may look to reviews as a tool for layoffs. Make sure you recognize that politics sometimes outweighs logic. Managers come in all shapes, colors, and sizes. They have different expectations and methods of leading. You must understand his/her style and be able to adapt to the environment. Be prepared to respond to any and all situations.