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How to Prep for Performance Review & Get a Raise

How to Prep for Performance Review & Get a Raise

Despite enjoying your work and being happy with it, performance review still scares us all. It is that time of the year when you have to sit down and go over your performance with the manager. The review can either result in you staying at the same place or earning a raise. It is both time-consuming and causes anxiety. However, if you are prepared beforehand, you can save yourself from getting worried about it. Here are a few tips to prepare for a performance review and even land a raise:

·      Think of Your Performance Review as a Job Interview

You must remember how you did all the preparation before landing this job. Your performance review will analyze your current performance and possible prospects for a raise. So, take it as applying for a higher-level job. Revisit your old interview practice approach. Have your friend do a mockup interview.

·      Show Your Achievements

One of the important techniques is to show your achievements. Make a good presentation about what objectives you delivered and how much they positively affected your company. Brainstorm the value that you bring to this company. Show them how it can improve with your work in the future. You can talk about an upcoming project that you think is perfect to lead with your experience. These ideas will present a positive image to your manager and a possible raise.

·      Prepare to Get Criticized

This is your performance review of the year. It cannot be all positive, so you have to make up your mind to accept the criticism that you will receive. Listen to it and note down the points. You might not agree with all the criticism, but you have to accept it as your future in the company depends on it.

Explain to your manager how you will overcome the observed criticism and ensure your commitment to the company.

·      Review Current and Future Goals

Go over your previous goals and come up with future goals. This will show your boss your commitment and dedication to the company. You might even land a raise if your boss considers your efficiency. If you have already met your previous goals, that counts as a big plus for your raise.

·      Present Your Case for Salary Raise

You need to directly bring up the salary raise objective on the table. After all the discussion, make a case for your future in the company. Show them how you have earned the right to get a raise depending on the past performance. Tell them how you fulfill all the requirements and should get a raise. A strong case from your side will grab your boss’ attention.

Your hard work and commitment will determine how far you have come and how far you can go. You have done everything in the past year, so all you can do for your performance review is to be one step ahead. Review your performance, prepare for your boss’ analysis and be sure to present a powerful case that lands you a raise.

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Worker Shortage May Keep a Lid on Job Growth

Worker Shortage May Keep a Lid on Job Growth

Introduction

While some people feel that the coronavirus pandemic is coming to an end and the worst is behind us, there are many signs that the pandemic is surging still. Ultimately, this is causing serious havoc for businesses and people all over the world. Things related to coronavirus are better, there is no doubt about that, but there is still a way to go.

The latest job numbers from the American Labor Department prove that the coronavirus pandemic is still affecting unemployment rate. The impact of the virus as well as a nationwide worker shortage is keeping the jobs market in unsteady shape. People are very unsure of what comes ahead. Many agree that we are definitely not out of the woods yet.

Current Job Numbers

Employers in the United States added just 194,000 jobs in September, a second consecutive sluggish increase and evidence that the epidemic is still wreaking havoc on the economy, with many businesses failing to fill millions of available positions.

According to the data released, the unemployment rate fell from 5.2 percent to 4.8 percent in September of 2021. The unemployment rate declined partly because more individuals found work. However, it also dropped. This is because approximately 180,000 people did not seek work in September, so they were not listed as jobless. In many ways, they were throwing in the towel and giving up their hunt for a job.

The economy’s slow job growth in September fell short of even the meager 336,000 jobs gained in August, and were the fewest since December, when companies actually lost employment.

Delta Variant

The labor market is becoming even more complicated thanks to a resurgence of the coronavirus, the Delta variant.

There was a time when it looked as if the virus was subsiding in America. Then the emergence of the Delta variant complicated everything. The number of cases surged to heights not seen since last year. And that changed how people worked. Thankfully, it seems as if the United States is once again turning a corner on the virus and things are getting better.

With verified new COVID-19 infections dropping, restaurant traffic ticking up marginally, and customers eager to spend, the economy is showing signs of escaping from the drag of the delta strain of the coronavirus.

But when September began, the number of new illnesses remained high. This caused decreased hours at many jobs and a fear from customers and employees to visit businesses.

Additionally, employers are still having difficulty finding workers since many people who lost their employment due to the epidemic have yet to seek work or have decided to move on and find a new career. Many economists have been perplexed by the longevity of that pattern, which has resulted in a record number of job opportunities. The demand for labor is high, so are the number of people looking for new jobs.

Conclusion

Combined, the Delta variant and lacking unemployment numbers are limiting the amount of job growth possible. While many predicted that this current time would find a booming economy, it seems as if the return to normalcy and prosperity has been put on hold for a bit longer.

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Career Career & Education

The Great Resignation: Why Americans Are Quitting?

The Great Resignation: Why Americans Are Quitting?

Introduction

Millions of Americans are deserting their jobs in record numbers. The American workforce has never seen an exodus from employment quite like this.

According to the US Labor Department, little under 4.3 million people left their employment in August. Employees all over the country feel that they have the ability and the right to leave their jobs if employers aren’t meeting certain requirements or treating them right. Indeed, workers have found that they have leverage for the first time in American history. Employers now require them more than they require a certain employer.

But why are Americans leaving their jobs in droves? What is causing this enormous shift away from certain businesses?

Who Is Quitting?

Service Industry

892,000 people who left their employment worked in the food service and hospitality industries. 721,000 retail workers quit, while 534,000 healthcare and social support professionals left their careers too.

When you examine the types of industries hit hardest by these resignations, you can start to see why they are happening. The pandemic definitely has had a huge impact on these sorts of jobs and it is causing many to reconsider what they are doing and who they are doing it for.

From food service to retail to healthcare – these are jobs that are directly impacted by the dangers and anxiety of the coronavirus pandemic. They are all high-stress jobs, since they deal with a public that is ever-coarsening, impatient, and furious in the post-pandemic age.

Other Job Industries

However, they aren’t the only employees who are packing up and saying goodbye to their bosses. Workers are departing at or near record levels in practically every industry, according to the Bureau of Labor Statistics.

Is it a case of individuals being dissatisfied with their work, or are they just confident in their ability to locate new ones? That’s what many experts believe.

Why Are They Quitting?

It seems like many employees are fed up with their current jobs and the pesky customers they serve. However, they also know that they have a wide variety of choices they can move onto. This is likely what is driving the mass resignations.

Labor Need is Driving Resignations

Currently there is a significant need for labor in the United States. Employees have the confidence to move on because of the high demand for work. Most people are aware that they may find a better job in their industry, one that pays more and provides more of the benefits they desire. There has never been a better moment for anyone wishing to shift careers totally, with plenty of opportunities available.

Essentially, America is in an endless loop of people quitting because they are unhappy. Those resignations cause a demand for labor and that demand for labor makes more people quit because they see opportunity. People feel like now is the time to change careers and the possibilities seem endless.

Conclusion

The pandemic has made many reorganize their priorities and that involves what they do for a living too. Eventually the job market will stabilize but, for now, millions are looking for employment in new, exciting places because they believe they can – and should.