financial year

How to take feedback from your seniors?

Below are different approaches for receiving feedback from the manager during the review session. Evaluate for yourself which one is the right way. Let us take a close look at three youngsters who work for a multinational corporation (MNC). The MNC has presence across the globe including India. They consider January to December as a performance year and financial year also. Accordingly, they conduct the individual performance assessments during the month of January for the previous year that ended in December. As per the process, for the year of 2013,the performance reviews were conducted in January 2014 and all the three youngsters that we are discussing here received feedback on their performance. For one of them, this was their first review ever in her career while the other two had experienced it once before. Sara:  She joined the company about ten months ago from campus. After a 45-day training, she was given a proper role and specific goals. Sara’s manager had a review session, which was her first formal review. Her manager went through each goal, asked her what she did well and what she missed. She was compelled to reflect and admit the mistakes that she committed. He asked her what she would like to improve in her performance and what support she wants from him. While Sara was very tensed up at the beginning of the session, she slowly got into the flow of discussion and felt very comfortable. More so, her manager made the session more of a self-reflection than preachy. When she looked at her own performance objectively, she realized her mistakes and asked for help to improve. Overall, it was a tense but comfortable session for Sara. Rohit:  He has been working in the company for about twenty months now and this happened to be his second review. The familiarity with the process was surely an advantage for Rohit. He particularly recalled how dumbstruck he was during his first review session last year. He still curses himself for not speaking up during the last year’s performance review, which he believes caused lower salary increment. When he was preparing for his second review during January 2014, Rohit decided that he should express more and talk out all his problems. Internally, the anxiety started building up as the feedback session was nearing. When he finally went in to meet his manager, Rohit could not execute his plans at all. Looking at Rohit’s anxiety, his manager made him drink water, talked something about his family and tried to put him at ease. The discussion then went over each goal and how Rohit had fared. Manager was very specific and pointed out the areas where Rohit missed out. He even asked Rohit to reflect and see the reason for drop in performance. Rohit’s anxiety was turning into anger, though he could not say anything on the spot. He simply agreed to all that manager said and walked out of the session. His colleagues came over and asked curiously about the session. Suddenly Rohit’s anger found an expression and he blurted out how biased the manager was. He even said that these feedback sessions are useless and they are only meant to reduce the increments. His colleagues remained there as mere spectators. Raghu: Raghu was quite cool and was not much worried about the upcoming performance review session. When his buddies enquired how he could maintain such calm, his reply was that his strategy to tackle the manager is ready. Of course, he did not reveal the strategy to the overzealous colleagues! From the start of the review session, Raghu took charge of the discussion. He went through each goal and explained to his manager why certain things could not be done due to lack of support from others. He refused to accept any blame onto himself and even suggested to manager that he should have a feedback session with the other poor performing colleagues. Raghu used aggression as the best defense and felt victorious. Are they doing right? It is true that every person may not approach feedback session the same way. How do you think the above three youngsters are looking at feedback? Is their approach to performance review right? Place yourself in that situation and think about it! Watch out this space for more discussion on feedback sessions. This article was published in:  HR Mirror, Hans India Follow Dr. Raj on Twitter @drraj29 

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Look Back, Look Ahead and Execute

“Before you step out for the New Year’s party, it makes sense to spend half an hour looking back at the year. This is purely a personal exercise and must be done in solitude with all honesty.” Follow Dr. Raj on Twitter @drraj29 It is also helpful to key in your reflections on your computer or smartphone or scribble it down in your diary!  The year is coming to a close; we will never experience the same year again in this lifetime! That does not deter us from our New Year party. Most of us might have planned how we wish to welcome the New Year; where is the party going to be, who is to join and what to wear and so on. Some of us may have the habit of passing New Year resolutions, irrespective of our last year experiences. A better way is to look back, look ahead and execute! Looking back – what does it do? In all these external manifestations of party mood, I do notice an internal reflection and introspection taking place in many people. They may or may not express the same, but the process is on in their thoughts! Looking back at the year that is just concluding is a good habit. It does teach us many things about ourselves.It brings out to the fore our best and worst moments of achievement; it teaches us from our mistakes; it deepens our understanding about our capabilities and our vulnerabilities. It also allows listing down our regrets. Regrets of not doing what we wanted to do and regrets of doing something that was not appropriate to do. Before you step out for the New Year’s party, it makes sense to spend half an hour looking back at the year. This is purely a personal exercise and must be done in solitude with all honesty. It is also helpful to key in your reflections on your computer or smartphone or scribble it down in your diary. As you keep referring to these notes during the next one year, you will notice how valuable these insights are! Looking ahead ­ with hope:  Hope! It is a beautiful phenomenon that we notice in most of the human beings! Perhaps, it is at the core of human existence. Irrespective of how life was during the last year, hope makes us look ahead at the next year with positivity. Though we did not execute many of our resolutions, hope makes us pass some more resolutions for the New Year. Though there has been not much of success at work, hope makes us think that first quarter of the New Year (and the last quarter of the financial year) will be far better. Though the academic performance has nothing much to talk about so far, hope gives us strength to think that we can catch up from now on. As you look at all these examples, we understand how vital HOPE is in our lives. If we failed during the last year, hope makes us strive for success in the New Year. If we were successful during the last year, hope gives us courage to dream bigger in the New Year. On the flip-side, just imagine for a moment how does it work when we lose hope. We tend to give up; we drop our shoulders; we end up in despair; when we do not have hope, we do not look ahead; we essentially get stuck in the past and we suffer in pain. The whole concept of Positive Psychology teaches us the importance of remaining positive and striving with hope. It is at the root of good life and wellbeing. Embark on the New Year with bundles of hope! Execute – be ­the game changer:  While positivity is the frame of mind that we use to look ahead,we need to have discipline to execute what we plan to accomplish in the New Year. If we fail to execute our plans, remember that we are accumulating our regrets for the end of year. Keep a simple target: minimize the number of items that you will include “I should have done“ category; instead, maximize the items under your “I have done“ category. It will surely take you to greater heights!   Having read this article, it is important to act:   First, fix your half an hour slot for you to look back; do with sincerity. Second, irrespective of how the last year has been engage in self-talk and pump in positive hope for the near year. Finally, remember that execution is going to be the game changer! Shed your procrastination. Take the first step and act! Wish you a positive new year! This article was published in:  HR Mirror Hans India Follow us on Twitter @hrfootprints 

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