VIP Class Notes (Tibo) [S]

discussion about performance review

role play of a performance review

We have the limit of transfer USD to mainland china so we need to hire some lawyers to help us from England to local,
If you didn’t bring the money back you cant aware the money is safe or not.
You cannot know.
They encourage the clients to pay money to our US team but it is hard so half the clients pay the RMB to help the local team and half should be turned to USD otherwise we cannot receive money.
We consult the first time about the transfer between the UK and china and we imagine if we send RMB directly to us it is 80% or less sent to us so I suggest we can buy an apartment but they said Paula you just get money immediately else it is not safe or something.

When I know other companies want to invest in our company I am a little surprised but now I am sad on this. I heard the US and UK team they can easily get the money but they still have to pay taxes.

we give the increase in February but it depends on 2020 performance and there was a big impact by covid and we rely on the global team so the total package is not good so only 10% people can increase the base salary so I need to explain the rest off the employees why we didn’t increase.
if they didn’t perform well I can easily say because you didn’t hit the targets but the hardly one is I need to talk to somebody they did it in the top 10 and they are hardworking. It is hard to tell them. and we don’t want them to think the company has some issues.

They think money values them. defines their hard work, If you didn’t give any increase to them they will feel the company didn’t recognize me.

I am very appreciate your last year hardworking.
I heard a lot of good stories about you are hardworking in the WE.
as you know we are doing the perf review but I would like to share that last year the company didn’t hit the business numbers.
I still want to say because it is a tough moment and we want to keep everyone so in this year we cannot give anyone increase base salary but we will definitely look at 2021 performance.
At the moment you are associate level and our company will open the senior level position and hope you can driving yourselff and have the ambition to get a new role in July.
in that time we have chance to increase tour base salary based on title change. I understand maybe you expect some change in end of year but we can;t do this because we need to maintain the cost.

There is an opportunity tp promotion to the next level twice a year .
A lot of people want to get the role so one Korean employee come to me today to ask wether he can interview the role but it is only opened for people with 10 years experience in our company. but he is only 22months in our company.
But he persuades me he is good performing last year and he tries to do a lot of senior role things.

Criteria are quire strict, it is hard we need to stick to at least 2 year working experience.

He is a Korean person but he born in Canada. So he quite like the western way, he is very positive and aggressive.

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We have a limit on USD transfers  to mainland china so we need to hire some lawyers to help us move the money from England to CN,
If you don’t bring the money back you are never sure if the money is safe or not. / we prefer to have eyes on the money to make sure it is safe.

They encourage the clients to pay our US team directly but it is hard so half the clients pay in RMB to help the local team and half of the clients should be turned pay in USD otherwise our HQ cannot receive any funds from the Chinese office.

We consulted a lawyer for the first time about the transfer between the UK and china and we imagine if we send RMB directly to us we can only receive  80% or less (of the amount)  so I suggested to buy an apartment but they said Paula you just get money immediately else it is not safe or something.

When I heard other companies wanted to invest in our company I was a little surprised but now I am sad about this / I am sad about all the troubles it brings.
I heard the US and UK team they can easily get the money but they still have to pay taxes.

we give the increase in February but it depends on 2020’s performance and there was a big impact by covid  / and covid made it a difficult year.
and we rely on the global team so the total package is not good / our performance was not good this year / we didn’t hit our global targets this year. only 10% of  people can get a raise  / can get a salary increase so I need to explain  to the rest of the employees why we didn’t increase.

if they didn’t perform well I can easily say because you didn’t hit the targets / I can easily find a reason for not giving them a raise.
but it is difficult  when I need to talk to somebody who  isn’t in the top 10 but had a good performance nonetheless.  They are hardworking. It is hard to tell them. and we don’t want them to think the company has some issues.

They don;t care so much about money but they want to be recognized  / they feel that getting a raise is recognition for their hard work

If you don’t give any increase to them they will feel the company didn’t recognize them / their hard work. / they will feel the company doesn’t value them

I really appreciate your hard work last year.
I heard a lot of good stories about and how you are hardworking in the WE.
as you know we are doing the perf review but I would like to share that last year the company didn’t hit the business numbers. / I would like you to manage tour expectations because as you know we didn’t hit our targets last year
I still want to say because it is a tough moment and we want to keep everyone so this year we cannot/ we are unable to give anyone an increase  in base salary but we will definitely look at 2021’s performance.
At the moment you are at the associate level and our company will open a senior level position and I hope you can drive yourself and have the ambition to get a new role in July. / I hope you will continue to be motivated and will get the position in July.
at that time we will have the chance to increase your base salary based on the title change. I understand maybe you expected some changes  end of year but we can’t do this because we need to control the cost. / because we try to keep everyone’s job safe.

There is an opportunity for a promotion / to be promoted to the next level twice a year .
A lot of people want to get the role so one Korean employee came to me today to ask wether he could interview for the role but it is only opened for people with 2 year tenure  experience in our company. but he only has spent  22months in our company.
But he persuaded me he is a good performer last year and he tried to do a lot of senior role things.

Criteria are quire strict, it is hard we need to stick to at least 2 year working experience.

He is a Korean person but he was born in Canada. So he is more western  in his behavior, he is very positive and aggressive.

Vocabulary

nonetheless/nevertheless 尽管如此
He wasn’t;t in the top 10 but he had a great performance nonetheless

raise (n) salary increase
I didn’t get a raise this year.

seniority (n) the age / time spent at a company
Seniority is very important for her

spot (n) seat / position
You have a spot at the table

twice a year : 2/year
The event is held twice a year

share (n)股票
I own Tesla shares

confidential (adj) secret
Please keep it confidential