5 Things to Prepare for Your Next Performance Review

I may be the minority, but I love my yearly performance reviews! It is such a great time to reflect on what you have accomplished, where you can improve, and set new goals. And of course, it is the (sometimes only) opportunity to discuss compensation, increased responsibilities, flexible schedule, or other requests that benefit YOU, not the company.

career_is_your_businessHere are 5 things to prepare for your next performance review:

  1. Do a thorough review of what you have accomplished this year, and what you did not. (TIP: Keep a running list of all of your accomplishments throughout the year in Evernote, a spreadsheet, or Word doc so you don’t miss anything). Discuss why certain objectives were not hit and how you will work to close the gap (and by when) or if you need additional resources to accomplish said goals.
  2. Review your objectives/goals for the rest of the year or the following year. Do not simply review the company goals, but what you want to accomplish in your career (do you want to take on a new project, lead the culture committee, write a blog, etc.?). Then outline the 3-5 strategies you have developed to achieve those goals. Include deadlines and any resources you need to accomplish them.
  3. Request specific training opportunities (I highly recommend Behind Every Leader!). Outline the cost and the benefit the training will bring to you and your organization.
  4. If this conversation will include a discussion about compensation – be prepared. I recommend outlining everything you have accomplished in your role (tie specific dollar amounts or clear company wins to each one). Also, do some extensive research on compensation for your role in your city/state. Because EA positions are so varied, I often include the compensation info for several different roles and then find an average based on the percentage each plays in my role.
  5. Prepare an agenda including the four points above (review previous year, next year’s goals, specific training requests, compensation analysis) and any other special requests or key points you would like to discuss. Email/print for your Exec the week of your performance review (usually the night before will do as that is likely when they will review and we don’t want it to get lost in the inbox!).

While I hope you are having these conversations more frequently than once a year (at least quarterly), often annual reviews are your one chance to discuss, well, your performance. I know these are not always easy. The first few performance reviews I did with my Executive, Adam, I was a nervous wreck. The compensation conversation was the most difficult part. But I found that having the facts prepared always bolstered my confidence. And they were never as difficult as I had built up in my mind. If you are being honest with yourself and have done a thorough reflection of your past performance, you know if what you are asking for is legitimate.

Bottom line: Move beyond the basics of what went well and what didn’t. Do your research, be prepared, bring evidence, and advocate for yourself. No one else will do it for you.

Quick Tip: Make sure you stay on topic! These conversations can sometimes get off track and before you know it you’re discussing who your Exec needs meetings with that week. Prepare the agenda and talking points and keep going back to them until you have satisfactorily discussed all points. This is your meeting. Own it!

Have a performance review story to share? Tell us about it in the comments! What else would you add to this list?

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