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If you’re like many people, you dread your annual performance review. It’s not the prospect of getting in trouble, it’s that performance reviews can be just…tedious. They often feel like a distraction–something you have to get out of the way before you can move on with business as usual.

It’s unfortunate that performance reviews have received such a bad reputation because they can be enormously valuable!

Instead of shying away from this year’s performance review, kick yourself into high gear and focus on taking advantage of everything a performance review can and should be. Think of your review as an opportunity to do one or more of the following:

1. Ask for a Raise

According to Grant Sabatier, author of Financial Freedom, one of the best times to ask for a raise is during a performance review. Sabatier says, “Your annual performance review is a natural time to ask because your boss is already thinking about your value to your company. If you come with your market-value research, you are significantly more likely to get a higher raise.”

Just be sure to put together a solid case for asking for a raise (find a few hints in my past blog post), and practice your speech in front of the mirror or to a willing partner. The goal is to sound as confident as possible when making your ask.

2. Identify Weak Points

Performance reviews are a great time to ask critical questions about yourself, your work performance, and what you can do to improve. Think of it as a time to gather as much information as possible to have a successful year ahead.

If you don’t understand or agree with a piece of feedback, don’t argue or get defensive! Simply ask clarifying questions and attempt to understand where the feedback is coming from. If the advice seems sound, develop a plan for putting it into practice.

3. Create Change

It’s easy to complain about everything you don’t like about your workplace behind your boss’ back. Not only is that counterproductive, it can bring down the attitude of the entire office. Instead, keep a list of things you’d like to see changed, tweaked, or eliminated. Be sure to brainstorm potential solutions as well.

When it comes time for your review, present your list to your superior in a respectful, solutions-oriented way. Get excited about the potential changes, and show you’re willing to put in some time to make them happen. Instead of seeming like a complainer, you’ll be viewed as someone who is motivated and bold enough to take initiative to make positive change.

Performance reviews don’t have to be a slog. Think of them as opportunities to carve out a better year for yourself and the workplace. Get excited for your next review and start planning the conversation you’d like to have with your boss. Here’s to a self-made year!

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