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How to ask for a raise no matter what the economy is doing: Experts

How to ask for a raise no matter what the economy is doing: Experts

BNN Bloomberg
Wednesday, August 16, 2023 05:47:53 PM UTC

Employees who are looking for raise to keep up with the heightened cost of living shouldn’t shy away from the conversation during economic uncertainty, one negotiation expert says.

Canadians have been battling with rising inflation for the last two years, with the most recent data from Statistics Canada showing a 3.3 per cent rise in July.

Beyond this, many corporations have engaged in layoffs or hiring freezes amid warnings from economists about a possible recession ahead.

Despite these conditions, experts say there is no wrong time to ask for raise – it’s all about how you have the conversation.

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