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Susan M. Heathfield

Ask for a Raise in a Tough Economy

By , About.com GuideSeptember 25, 2011

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Interested in asking for a pay raise during these tough economic times? You can, but follow these guidelines for best success.

You need to be sensitive to the state of your business or non-profit. If no money exists, if sales are still falling, and prospects look bleak, now is not the time to ask for a pay raise. Layoffs, buyouts, and hiring freezes are all signs that now may not be the time to ask for a pay raise.

But, you can do your research and preparation now for when the time is right to ask for a pay raise. Or, you can decide that your company is operating prudently, but they might be open to a pay raise request from a good employee. In that case, the only way you'll know is to ask. And, don't waste your one chance. These pay raise tips for tough economic times will help you prepare for your meeting.

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