The annual assessment cycle raises hopes and expectations for raises and promotions without reflecting on one's own and the company's triumphs and failings from the previous year. Here, negative feelings like discontent and demotivation take center stage, leading a greater proportion of employees to quit one company and join another, where they will likely experience another ascent up the ladder of negativity and unhappiness.
We often hear statements like "I received a raise worth peanuts," "I didn't get promoted," "little boost this year too," "no promotion again," etc. during the assessment period. Does it imply that businesses don't want to boost salaries or advance their employees? If this is the case, then most multinational corporations don't have CEOs who have worked for the firm for a long time and prioritize organic growth.
We often say that "robots make life simpler," but we also need to realize that they may sometimes make life boring. I often remind my staff that advancements and promotions must be earned rather than given or accepted. Increases are often topped off with bonuses for improved performance of either one or both and are strongly linked to both an individual's and an organization's success. Thus, high performance results in a good increase, whereas poor performance results in a low increment. The science behind promotions is distinct. We often believe that since we are doing better, we should be promoted. However, it is important to realize that performance is simply one factor in promotion and not the only one. When it comes to promotions, the capacity for taking on greater responsibility and the drive to do new things are both taken into account. Ask yourself what more you accomplished in addition to what you were required to do if you perform just what you are intended to do and anticipate a promotion. If this is the case, you are not on track.
One thing I can guarantee you is that promotions are only based on "performance" and "capabilities." Sharing your ambitions with your superiors is the greatest method to deal with the pressure of promotions and raises. The first step in reaching your objectives is to plan how you will do it, but after that, you must work tirelessly to reach each scheduled milestone.