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Preparing For Your End Of Year Review

It’s time for the end-of-year review and you are thinking about how to make sure that conversation serves you. You’re right to think about it because recent research in the Harvard Business Review finds, yet again, that women are 1.4 times more likely to receive subjective, critical feedback than men, and that women’s performances are more likely attributed to characteristics rather than skills and abilities. 

In this month’s blog, I’ve given you a few pointers on how to make your review work for you. 

Watch their language.

When you are receiving your review, pay attention to whether or not the feedback you are being given is based on your performance or your style. In one study, researcher Kieran Snyder collected and compared performance reviews given to men and women in the tech industry.  She found that women were more likely than men to receive negative feedback based on perceived personality traits rather than objective performance criteria. A similar finding came from a study at Stanford Graduate School of Business. According to the Stanford study, the big problem is that managers, when evaluating people, are not just documenting successes– they are also forming opinions about someone’s behavior. As a result, a “bias” is created and attached to the value of those behaviors, and how you assign rewards based on whether you think someone’s behavior is good or bad. Bias can enter into any of those processes. 

While you won’t have the benefit of comparing your end of year review with that of your male colleagues, it’s worth noting that the same feedback gets characterized differently for men and women. For example, you might receive feedback like, “you sometimes seem like you have analysis paralysis and struggle to act decisively,” while your male colleague might hear, “you are hesitant in making decisions, yet you are able to work out multiple alternative solutions and bring them clearly forward for a decision to be made.” 

The best way to combat bias is to call it out skillfully. Lead with curiosity and keep linking your questions to business outcomes. Watch for words like “abrasive”, “aggressive”, “emotional” and “irrational.” Notice also when assumptions are being made about your behavior. When you notice them, be prepared to ask questions: “What specifically did you see or hear that makes you say that?” “How did it impact my ability to achieve business goals?”  “What would you have done differently and how do you think that would have had a different impact?”  

If your manager is open to it, share the research that shows the difference between how men and women are reviewed. Ask your manager, if you were a man and had done the same things, would it make it into your performance review?

Don’t accept vague feedback.  

Research from Shelley Correl and Caroline Simard shows that women are systematically less likely to receive specific feedback than men. For example, you might hear, “you lack strategic thinking,” rather than, “in the product roadmap you created, you considered X, but in not accounting for Y from the engineering team, the strategy was unworkable.” Similarly, when the feedback is generally good, if it does not identify specific actions that are valued or the positive impact of those accomplishments, it often doesn’t lead to a promotion.  

With each mention of what you did well or could have done better, ask questions until you are entirely clear on what you missed and how you could have done it differently, or what went well and the impact it had on the business. It’s just as important to ask about what went well as it is to ask about what could have been better.  

If your end-of-year review includes a place for you to contribute, make sure you note your accomplishments and successes, and what specific business outcomes you accomplished.  Look for technical accomplishments that demonstrate experience and expertise, and be sure to cross-reference them to your job description or the organization’s career ladder system.

Seek feedback from a broad range of stakeholders.

Where possible, ask your manager if your end-of-year review can include input you’ve received from clients or customers, cross-functional colleagues, or other stakeholders. It is often the case that these inputs are more specific, they offer broader context, and they are directly linked to business outcomes– particularly if they are client success stories. Your manager only sees one aspect of what you do and is influenced by their own impressions.  

Doing this can also help to avoid the recency bias, meaning that you are only being reviewed on what you’ve done over the few months prior to the review. If you have data from the entire year, this will better help position you for a comprehensive review, and one that tracks the advancements you’ve made over the course of the whole year. One simple practice that I do is to keep a folder marked ‘celebrations’ or something like that in my inbox. Anytime you do receive positive feedback, simply file it there and bring it out at the end of the year.  

Ask for what you want.

End-of-year performance reviews are a time to ask for what you want to advance your career.  Share with your manager your career aspirations and how you see yourself getting there. Then, ask what skills you need to develop to get there and what opportunities can the organization provide? If you don’t know where you are headed, I suggest enrolling in my CLEAR career program for women. In that course, we have an entire module devoted to helping you figure out what you want for your career.

This is also a time to ask for introductions and connections to help you develop your network.  As you advance your career, you will need others to mentor, advocate for, and sponsor your promotion. Get clear on who can help you– start by asking your manager who can help you and then ask for introductions.  

Finally, this is the time to talk about titles and salaries. It is the right time to ask what you can expect for raises and promotions. I covered these negotiations extensively in my last blog post, which you can find here.

Remember, you are the best advocate for your success. And I’m here to help you along the way.

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It Pays to Negotiate

This month I want to share with you tips for successfully negotiating your employment package. Unfortunately, too many women accept whatever is offered and do not negotiate. While initially, this may not seem like a big deal, over time it matters. 

Linda Babcock, an economist at Carnegie Mellon University and co-author of the book “Women Don’t Ask” tells her students that “by not negotiating their job at the beginning of their career, they’re leaving anywhere between $1 million and $1.5 million on the table in lost earnings over their lifetime.” In researching for her book, she found that about 7% of women upon graduating with an MBA attempted to negotiate the first salary offer while a whopping 57% of men did!  

How does that impact women? Megan Karsh, who teaches negotiation at Stanford Law School says, “Imagine two people are given a job offer of $50,000, which is close to the average for a new college graduate – one negotiates an initial $5,000 bump and a 5% raise every three years, but the other accepts the offer and a company-standard 1% pay increase each year without negotiating. After a 45-year career, the difference in their lifetime earnings is $1,062,739.19.”

Assuming you don’t want to leave over a million dollars on the table, I’ll be providing you with tips throughout the month of October to help you negotiate your employment package. 

Plan Your Negotiation

A good negotiation is a planned negotiation. As you are thinking through the negotiation, ask yourself the following questions:

  • What is the salary you want?
  • What else do you want?  
  • Equity / Options? 
  • Does your job title matter to you?
  • What is your path to promotion?
  • Does the job description accurately describe what you anticipate doing?
  • How flexible is your job?  
  • Can you work from home?  
  • How much paid leave do you get?
  • Do you have to move for the job and, if so, is there a relocation package?
  • Are there any other benefits you want: retirement plans, insurance, maternity leave?

You want to consider the whole of the employment package ahead of time. And for each of the questions above, consider what is the least amount you are willing to accept. This will ensure that you don’t go below that.  

Not only do you want to think about these questions from your point of view, but also the company’s. What’s at stake for them? What do they need to ensure in order for your employment to be successful?   

For many organizations, job titles, paths to promotion and getting more women into their organizations matter a great deal. Particularly in the world of law firms and tech, where I do the most work, bringing great women in and keeping them matters a whole lot. The more you know about what they want and need the better.  

When it comes specifically to pay, it’s important to arrive at a number that you want and to anchor the negotiation by asking for more than that. Choose a number that is not too high but one that your employer can come down from and you will still be happy with the outcome. Research shows that the amount you are paid is 30% higher when you make the first offer! To come up with a starting offer, do your homework.  

Here are some places you can look to find what comparable companies are paying for the job you want.  

  • Glassdoor, a job search site where employees post compensation and reviews for large companies 
  • Payscale, a salary survey tool
  • Salary.com, a salary calculator
  • The Salary Project, a site where you can submit and view salary data anonymously 
  • Get That Raise, a tool that analyzes your current salary and helps you map future goals 

Once you’ve figured out what you want and where you are going to begin your negotiation, you are well on your way!

Bring Optimism to the Table.

Positive emotions are contagious and employers want to hire enthusiastic and ambitious people. As you begin the negotiation process, speak about how excited you are to be having the conversation in the first place and share a few things that the company is working on that align with your interests, experience and strengths.

Let’s say you are negotiating for a pay raise with your current employer. If you are frustrated with how you’ve been treated or a gender imbalance in pay, I get it. Best, however, not to lead with complaints but rather with solutions. Perhaps you can point to the evidence of pay differentials and say, “I know the company takes this very seriously and I would love to help in being part of the solution.” Or you can say, “My manager has given me great feedback about what leads to a raise and a promotion here, and I’m excited to share with you all that I’ve done and how it’s contributed to our company’s goals.”

If you are someone who tends to speak very directly and candidly, do so while also paying attention to how your style is resonating with the other person. You can be assertive and smile and be open to the conversation at the same time. 

Sadly, this is something we women have to watch out for because it is the sad truth that when women behave in the same ways as men, we may be judged unfairly. When men are direct, they are clear and assertive and yet women behaving in the same way can be judged as pushy and unlikeable. That is something we have to break from within the system but for now, the most important thing we can do is bring our own emotional intelligence into the process.

Watch for relational clues about how what you are saying is landing with them. If you perceive that they are reacting to you as coming on too strong, then label it, “did I come on too strong?” And maybe add, “I want to be as clear and transparent with you as I can be because I am enthusiastic about this opportunity and committed to what we can create together.“  

Frame your negotiation as a cooperative effort, assume positive intention, body language and tone signal that you want to work together. Anytime you find yourself leading with “I” replace it with “we” so instead of saying, “I want to…” try “what is best for us is…” 

Gender Stereotypes and Negotiation. 

Unfortunately, when it comes to negotiating a salary package, the rules that apply to men do not necessarily apply to women. While men appearing to be assertive, dominant, decisive and ambitious when they advocate for themselves is considered a good thing, it is not always the case for women, who are expected to be nurturing, kind and easy to work with. This is gender bias at play.  

Sadly, research shows that women are penalized for self-promoting, and our ability to influence increases the more we are liked. This has the unfortunate effect of discouraging us from asking for anything at all because we don’t want to be disliked. It affects self-confidence, assertiveness and asking directly for what we want.  

So what’s the solution other than starting our own company? For one, if you work in male-dominated industries, do everything you can to reduce your token status from the inside.  Recruit other women, mentor younger women, build strong networks of women and do everything you can to change the system.

Second, choose wisely when you think about where you want to work. Look for companies that have an organizational culture that supports women’s advancement, discourages stereotyping and maintains a fair system for evaluating candidates for hire and for promotion.  

 Third, build a case for your salary package. Do all that you can to put a number on your contribution by linking it to metrics in the business. What will you do or have you done that moves the business forward? This is the best way to level the playing field.  

Finally, approach the negotiation as a collaborative dialogue rather than a contest. One of the books I read in law school was called Getting to Yes, which popularized the view that most negotiations are more successful when you approach them with a win/win strategy. To do this, you want to increase the sharing of information as much as possible by asking questions: what does the company need? What are they most interested in? And what are their preferences when it comes to each part of your employment package. By asking questions, listening and sharing information, you can approach the negotiation not as a competitive (and anxiety producing) exercise but rather as a collaborative solution. What does the company need that you have to offer and do you need to make that work. The great news here is that women are better at collaborative approaches than men.

Happy negotiating, and remember: we miss 100% of the shots we don’t take.

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