When Do You Deserve a Raise?
Raises used to be automatic. Sometimes they happened at negotiated points, like every six months or once a year, and at other times they were tied to annual performance reviews.
For many workers, though, raises have been hard to come by. In fact, total wages and salaries for civilian workers in the United States have only gone up by 2.5% for the period that ended in June, according to data from the Bureau of Labor Statistics (BLS). And the trend has been getting worse. Glassdoor's Local Pay Reports showed that wage growth has slowed, with July's 1.2% increase representing the slowest pace of growth in three years.
That means that for a lot of us, wanting a raise and even deserving a raise do not mean getting one. To get an increase it's important to show your boss that your performance exceeds expectations, and ideally that it creates value for the company.
Source: Fool.com
