One of the most important steps to take when discussing the topic of promotions and raises are the value of a self-assessment and a review.
During the review process, you should ask your manager what it will take for you to receive the promotion that you are down the path to receive.
In any economy, it is always good to show that you are motivated, continuing to contribute, and develop and grow as a professional. Be prepared to discuss your strengths and your career path and what you envision as your next steps.
If there are teams that need extra help at the level above yours, and you are ready to take on this role, speak to your manager and show that you can help the company during this economic spiral and not just take advantage of a personal opportunity.
There are those that believe that promotions usually mean higher levels of compensation. However, receiving a promotion for a job well done and a pay raise do not always go hand in hand. It is important to have an open discussion with your manager regarding promotions and should your manager advise you that there is a freeze across the board, be sure to ask when that door to promotions may be open again.
Lisa Hutchins is a human resources coordinator at Ruder Finn