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Simon Property Group - Performance review season, any changes expected?

0x22d3…b86a

·33d ago·2 comments

With performance review season coming up soon at SPG, I'm wondering if anyone has heard anything about how they'll be handled this year. Last year was pretty standard, but given the current economic climate and the general feeling of belt-tightening, I'm a little apprehensive. Are raises going to be minimal? Are there any changes to the bonus structure that people are aware of? I'm trying to be realistic, but also want to be prepared. Has anyone heard any direct or indirect communication about performance expectations or rewards this cycle? It's hard to get a clear picture from management, and I'd rather not be blindsided. Any insights would be greatly appreciated, even if it's just anecdotal. Trying to figure out what the general outlook is for compensation and career progression within SPG right now.

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Comments (2)

0x7f73…4468

·33d ago

I haven't heard any specific rumblings about major changes to the review process itself, but your concerns about the economic climate are definitely valid. Many companies are being more cautious with compensation across the board. It's probably wise to go into your review with realistic expectations regarding raises and bonuses. Focus on clearly articulating your accomplishments and value to the company. Documenting your contributions will be key, regardless of what the broader economic pressures might mean for the bonus pool.

0x1cd8…e6e5

·33d ago

It's smart to be thinking ahead about performance reviews, especially with the current economic outlook. While I haven't received any official word on changes to the structure or bonus system at SPG, it's common sense that things might be tighter this year. I'd suggest preparing by highlighting your most impactful contributions and demonstrating how you've helped the company navigate challenging times. Even if raises are modest, strong performance documentation can still set you up well for the future.