November 27, 2009, 5:00 am

Sometimes, Having Faith Can Pay Off

by: The Financial Blogger    Category: Career
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I am writing this post having just left my boss’s office after my annual performance evaluation. I went into the office that afternoon, I was confident, but even more importantly I was prepared. Prepared for what you ask? Prepared for war! As you already know, I don’t (can’t!) trust Human Resources. They are simply evil… what can you do? Hahaha!

Seriously, I had documented everything I did this year to make sure to get one fine evaluation. The thing I like about my job is that the numbers often speak for themselves. I finished the year at 175% of my objectives and I attained at least at 100% in each and everyone one of them. This ranks me in the top 5 (ranking is not official yet… might be looking at the top 3!) in downtown Montreal. So, I was eagerly looking forward to my evaluation.

However, I prefer to influence my own destiny when it comes to issues as important as compensation. I made a list of other accomplishments (such as finishing my MBA, increasing the number of clients, improving the relationship with them and thereby increasing share of wallet, providing advice and coaching to my fellow financial advisors, etc.). The new word in today’s office is teamwork. Therefore, no matter how great you are on an individual basis (read personal performance), you need to be able to help your colleagues and share your tricks with them.

While I will be providing some tricks in the upcoming weeks on how to get a promotion, it always starts with superior results in your evaluation. If you don’t have them, you won’t get very high up on the corporate ladder. Funny enough, I definitely don’t want to climb that ladder right now. However, I want to make some serious money and be left alone in my office to handle my business as I see fit, just LOOK at my results so far.

I finally got my raise!

During summer time, I wrote a few posts about tricks to get a raise in salary and how I asked for mine. Back then, I didn’t get one and I was pretty upset. I even went into serious discussions with a potential suitor while comtemplating leaving the bank but the cost of my MBA was looming overhead like the Sword of Damocles.

I had expressed my disappointment to my manager and decided to not make a big deal out of it. After being turned down for my raise, I kept a smile on my face and continued to perform at work. My professional attitude has finally paid off!

This week, at the end of the meeting with my manager, she told me that I was getting what I requested back in June. This couldn’t be better timing since my wife had stopped working back in May!

I was happy to see that what she told me back then was the truth (they say they would reconsider at the end of the fiscal year). I am glad that I trusted her (she doesn’t seem to be part of the HR department after all 😉 ).

So, my day ended with a big smile in my face. Once again, I have learned that sometimes, you are better off not fighting back immediately and to behave for a while longer. Choosing your battles always pays off!

image source: kalandrakas

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hehe my sincere congratulations TFB!! that is sooo coool. You worked hard and you deserved the raise! Do you have a few projects in mind?

by: The Financial Blogger | November 27th, 2009 (11:46 am)

I’ll actually pay off my debts with this raise 😉

Congrats TFB! How big is the percentage increase if you don’t mind me asking?

I had 2.5% back in June and they gave me an additional 6.5% (on my current salary) last week.

This is very interesting since I can also expect big bonuses due to my performance.

At least, hard work pays sometimes!

Sounds good! It’s interesting to see how Wall St. banks with big bailout assistance such as Citigroup and UBS are getting 50% raises this year for their salaries. Does that irk you?

Congrats on the raise. Most people, myself included, will not be seeing any increase in pay this year. Further, I think may people’s bonuses may be on ice. Talk about a lump of coal for the stocking.