Wednesday, September 2, 2015

Win Every Negotiation

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Tuesday, September 1, 2015

The Daily Stat from Harvard Business Review

September 1, 2015
 
 

Mythical Beasts Become Commonplace in Silicon Valley


Not long ago, only a very few start-ups, such as LinkedIn and Facebook, reached valuations of $1 billion before going public. Now there are at least 131 billion-plus ventures, according to The New York Times. Investor Aileen Lee, who coined the term “unicorn” to describe such firms, says one reason valuations are higher is that entrepreneurs now consider large industries such as hospitality (Airbnb) and transportation (Uber) to be suitable targets for start-ups.



 

 

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The Management Tip of the Day from Harvard Business Review

September 1, 2015
 

Discuss Raises and Performance Reviews Separately

 
Many employees ask for a raise during their performance review meetings. If possible, you want to keep this discussion separate. Performance and compensation are significant enough on their own, so it’s usually not ideal to mix the two. So if your direct report raises the question, thank him for bringing it up and promise to get back to him by a specific date. Take time to fairly assess whether an increase in pay is appropriate. When you do talk about it, explain that a person’s salary is determined by two things: the value of the job to the organization and the quality of the individual’s performance. Ask him to consider both factors, examining both how the job can be made more valuable to the company and how his performance can be improved. What additional duties could he take on? How much extra responsibility could he assume?

Adapted from Performance Reviews (20-Minute Manager).
 
 

 
 
 

 

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