Getting a Raise in a Recession

Posted on September 28, 2009

The average salary increase at companies is only 2% this year so a raise seems unlikely. Harry Smith says he would be afraid to even brooch the subject in this kind of environment. However, Jill Schlesinger from CBSMoneyWatch.com tells Harry Smith that there are ways to go about getting a raise. She says to explain how much money you have saved the company and how valuable and criticial to the company you are. CBS also has an article about it here.

Jill Schlesinger says talk face to face with your boss - don't send an email. If your company is one of those with a salary freeze, salary cuts or widespread layoffs you probably aren't going to get a raise no matter how you ask. Jill Schlesinger says you can also ask for perks like a better office or more vacation time if a monetary increase is not possible. Take a look: