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Mentor
End of Q1 & the end of Q3 are the best times. Q1 or Late February into early March because budget road maps are constructed and all of the yearly budget are still there & early Q3 because departments are have a clear picture of how much excess budget is left that needs to be spent before the end of Q4 or their budget for next year is shrunk to that years spending.
Super interesting. Thank you!!
I've not really found that to be the case for me. At least not with my boss. January for us is, "new year, same thing." I'm not complaining though, I don't mind the status quo.
Very fair
Personally, I’ve always been too nervous to try to negotiate at the beginning of the year. Because usually the end of January, February, March Is when companies start thinking about layoffs. So I don’t want to have just been given a decent raise right before the layoffs happen. Because I feel like that makes it more likely that I’m on the chopping block. Could this all be paranoia in my own head? Yes.
Ah that’s a fair point too. Thank you!
January is usually too late. Compensation decisions are usually made in November/December for annual operating plan purposes even though they aren't communicated until Feb/March.
Not really in my current company…it all depends on your fiscal calendar
Negotiate in October when the finance team is setting budget for the following year. You don’t want to be the reason your team misses forecast month 1