You didn’t get the promotion and are totally bummed. But were you worthy of a promotion in the first place? Over at US News and World Report today, I share the seven reasons you didn’t get the corner office (yet). Read it here.
People are afraid of asking for a raise now more than ever. In fact, the recession is providing a good excuse for employees to not ask for more money, and for companies not to give any. But high performers can and should be compensated.
To get a raise, you first need to be aware of the three contingencies raises are based on:
Past Performance (and the learning curve)
All jobs have learning curves. What took you eight hours a day at the start of your position will slowly taper off until you start to get bored six months in. Good employees realize this and try to shorten the learning curve as quickly as possible by completing stellar and quality work right away.
There’s buzz in the media that Generation Y is finally being put in our place. The recession won’t play favorites and Gen Y will see just what Gen X and the Boomers have been talking about. Besides this being ridiculously sad – honestly, are we really a society that beats down optimism? – it’s also completely erroneous.
The Economist reports that “the touchy-feely management fads that always spring up in years of plenty (remember the guff about ‘the search for meaning’ and ‘the importance of brand me’) are being ditched in favor of more brutal command-and-control methods.” (h/t The Schiff Report)
Except companies that operate according to the latest trend and resort to command-and-control methods are neither Gen Y-friendly, nor anyone-friendly.