The Economy Is Uncertain. Can You Still Negotiate a Raise?

  • 📰 HarvardBiz
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Start by digging into your motivations. Ask yourself: Why do I want this raise and is now the right time to ask?

Layoffs, inflation, a recession on the horizon — no matter what industry you work in, it seems like tough economic times are ahead.

You’ve been exceeding expectations and have had ongoing discussions with your manager about your growth at the company. You may be eager to revisit the conversation so you can get a sense of the timing for next steps. Regardless of your reasoning, you want to ensure that your motivations align with your company’s current standing and culture before making your ask. If you find that there is a disconnect, you may want to wait a bit longer before asking for a raise, in recognition of what the company is going through. If your reasoning stands, it’s time to do some research.

Consider how your manager best handles new information. For example, do they like to review on their own before going into a one-on-one discussion? If so, it may be best to email them before your meeting and share your intention to ask for a raise. While managers should always be prepared for these types of conversations, some will appreciate the chance to consider your ask ahead of time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 310. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GameStop misses quarterly revenue estimatesGameStop posted its fourth consecutive fall in quarterly revenue on Wednesday and missed market estimates, as consumers dialed back non-essential spending in an uncertain economy.
Source: Reuters - 🏆 2. / 97 Read more »

Jamie Dimon: Consumers in great shape but economy to face headwindsJPMorgan CEO Jamie Dimon says consumers are in 'great shape' but the economy will face headwinds down the road
Source: BusinessInsider - 🏆 729. / 51 Read more »