With many companies doing annual reviews this time of year, we go through some guidance, tips and tricks and strategies for navigating reviews with your manager.
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SHOW NOTES:
HOW TO MANAGE THE PROCESS THROUGHOUT THE YEAR
- The annual review is a year-long project, but most people only focus on the 3-4 weeks around it.
- It’s about what you do, but it’s also about what you do that’s visible beyond your team.
- Know how your company measures success and structures rewards/promotions/recognition.
THE GOOD, BAD AND THE UGLY OF THE ANNUAL REVIEW
- HR controls the process, and your manager generally doesn’t want to deal with it.
- Most companies allocate a strict budget, which is top-down.
- Most companies grade on a broad bell curve; most people end up in the middle.
- It’s good to understand concepts like grade levels and mid-points of compensation.
- “Pay transparency” is probably not what you think.
- Some (not all) bosses aren’t thinking about your career, so you need to own it
- Promotions usually take a few cycles to happen. Ask around to understand that process.
- For example, don’t expect the startup CEO to give you the best advice for your career, their interests may diverge from yours, asking more experience people how they do X may result in outdated advice.
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