Don't lead with inflation. Highlight how you stand out rather than focusing on your own increased costs of living.
The current labor shortage gives workers leverage in the job market, especially as remote work has opened up more opportunities. That makes it a good time for people who believe they should be making more money to ask for raises.
on financial advice for millennials."It's easier to retain an old employee, and if you're a good employee it becomes an easy sell for you."Replacing workers is costly, given the time and resources companies expend interviewing and training new employees. Inevitably, there will be a period of time during which a new worker will not be as productive in the role compared to someone who is more seasoned.
"Pay transparency should be discussed among all employees," said Nick Meyer, a certified financial planner who shares "Prior to the meeting, get an offer from another employer. Tell current employer you would love to stay, but that you will need them to match the other offer. If they don't, take the other job," said JP Geisbauer, principal at Centerpoint Financial Management.
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