There has never been a better time to ask for a raise. At the beginning of 2022 there were over 11 million jobs available and not enough workers. Most employers know this cold, hard truth and recent surveys show that many bosses are expecting to increase workers' pay by at LEAST 3.9%
Let’s talk about how you can get yours!
Here Are Five Fast Facts:
- 🤑📈NOW’$ the time! - U.S. companies made record profits last year (over 25% increases!) due to pandemic-driven price increases! So, use this to your advantage by asking for a pay increase now. Don’t wait for the end of year or quarter.
- 📆👥Set a date! - With so many jobs available, those currently employed are aware that their talents are worth good money (Liam Neeson isn’t the only one with a particular set of skills). Set a time to speak with your manager in person (face-to-face if you can) and have talking points prepared of why you deserve a raise. Avoid an ultimatum unless you really mean it.
- 💸🏪Own the biz? - The cost of employee turnover is one of the biggest killers of a company’s finances. It’s super expensive to find and train good workers. In fact, an average of 50% of employees are looking for work at any given time across all workplaces. Bosses know this and the pressure is on them to keep the employees happy and the company profitable.
- 💰📊How much? - You’ll get yourself a bigger paycheck with the right negotiating, but don’t just say, “I want more money.” Instead, request a salary range increase specific to your job and skill set. Also, don’t forget perks like work from home, flexible schedule, paid time off, and other benefits.
- 🤑💲Get it while you can! - If you feel you are being underpaid and your attempt to negotiate a raise was unrewarded, then remember that there are TONS of other jobs available. So, keep your resume handy.
🔥Bottom line: Employers know that employees commonly get a 10-15% pay increase if they leave them for their competition. So, it’s time to advocate for your paycheck. Make sure to be prepared when asking for a raise and know there are record amounts of other jobs available if things don't work out. Now go practice in the mirror! You deserve this!
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