What do you do if your performance review doesn't result in a raise?

Whenever you disagree with your manager’s assessment, you should have a conversation to seek understanding. This cultivates mutual respect and a safe, healthy working relationship versus creating an unhealthy working environment filled with distrust and bitterness. Perhaps the company’s budget did not allow a raise? The rating itself should not be a surprise because hopefully you’ve had consistent communication and feedback from your manager throughout the assessment period.

I would definitely begin a dialogue where I would go in detail with demonstrations and evidence otherwise to clearly depict my contributions throughout the period my performance has been assessed. I would clearly expect a two-way communication and would be open to negotiation. If all that still doesn't result in anything positive, I would give myself some time to reflect on the happenings, and then would take the decision of staying with or leaving the workplace.

If a performance review doesn't yield a raise, it's crucial to first seek feedback from the reviewer to understand areas for improvement. Then, focus on enhancing skills and exceeding expectations. Additionally, explore opportunities for advancement within the organization, demonstrate value through increased responsibilities, and consider negotiating non-monetary benefits or seeking external opportunities aligned with career goals.

"Post-feedback, establish SMART goals to amplify your performance. If communication is a challenge, aim to spearhead a project meeting in the forthcoming quarter. Record these objectives and communicate them to your manager, signifying your dedication to career advancement and facilitating quantifiable future assessments."

"Pause and evaluate your worth within your organization. Are you exceeding your role's expectations? Have your efforts led to substantial achievements or savings? Make sure your contributions are recognized and that you're not underestimating your worth. If your role has grown, it might be time to discuss a new title or reassess your pay based on the market value of your work."

"When growth seems stagnant despite your best efforts, consider exploring alternatives. This could involve pursuing a better-paid position within your existing organization or venturing into new opportunities externally. The job market can provide a renewed understanding of your value. Often, a career and salary leap requires a strategic move."

Use the performance review as an opportunity to discuss potential growth opportunities within the company. Ask about opportunities for additional responsibilities, training, or professional development that could lead to future salary increases.