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Fact: Eighty-nine percent of employers stated that the employee performance review was at least somewhat linked to their company's annual pay increases.
Your performance review matters. You must make every effort to ensure each performance review is its best, because it is almost always directly tied to your compensation. If you are unclear about how the results of a performance review impacts merit increases or bonuses - ask your manager.
To maximize the impact of your performance review, it is important that you present and support your key achievements and improved performance. You can use the Performance Self-Test to identify your strengths and overall job performance. Also, reference your work journal to recall projects completed during the review period and how you demonstrate increased aptitude around certain tasks or job responsibilities. Be sure to deliver your findings in the appropriate employee input form in a professional manner.
Tip: Be prepared for your review meeting by conducting a self assessment and research your market value by using the free Salary Wizard. If you want more specific data and analysis, purchase a Personal Salary Report from Salary.com.