Tuesday, 3 January 2012

Bonuses and Inspiration for the year ahead.

CIPD press release today (3rd January 2012) said 2011 left many employees across all sectors dissatisfied with the size of pay rise and bonus they received, with the majority having seen their pay either frozen (48%) or cut (5%), and just 18% having received a cash bonus. That's according to the Chartered Institute of Personnel and Development (CIPD)'s annual survey of Employee Attitudes to Pay, which also found that employees are readjusting their expectations for the coming year in line with the economic climate. 

With bonus season starting now - most people in the corporate sector that I meet are waiting to get their Performance Management Report to determine their bonus for last years work. 

Last year was tough on staff.  There was a reduction in staff so more work to be done.  If you haven't coped with the new level of work you may be worried it will affect your bonus.  This can be a very stressful time.  I have noticed that staff can get quite focused on their bonus for the year.  I completely understand this.  

So what can you do to take control of your role? If you are looking for promotion there is a good chance you've had the interview and your work has been reviewed.  Rather than stress about the outcome what could you do to empower you and help you take control of your career now?

Here are 5 tips to get you in control and motivated this year. I'm sure you can think of your own too: 

1. Decide on a 100 day leadership plan.  If you start tomorrow (4th January) what can you achieve by 12th April?
2. Know your vision statement.  Does it need revamping? is it aligned with your line manager's vision? One manager had a meeting with all staff and got the team to come up with the vision statement and 100 day goal for the team. 
3. Choose your brand.  How do you want to be seen as an individual? Choose the way you want to behave and behave like that consistently.  If your brand is "I can do it" make sure you choose jobs you can do and then do it!  If your brand is "I make things easy for you" what can you do to reinforce that brand?
4. Seek a mentor.  Choose someone you aspire to.  Recently a client had a chat with a mentor about their desire for a promotion.  Their mentor suggested this might not be the best time for promotion in their business.  Seek out people who know your business at a higher level so you can put your goals into perspective. 
5. Build your network.  Keep building your network.  In difficult times your network will help you out. 

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