How to Negotiate a Fair Raise in Today's Economic Climate

Despite worries about the economy, today’s episode of Good Cents episode will convince you that now is a great time to explore your current pay options and maybe even negotiate a raise with your current employer.

We’re talking to Stephanie O'Connell, a finance expert, author, podcaster, and journalist. Stephanie’s advice for asking for a raise? Show your value. This episode will improve your negotiation skills, help you take control of your career, or be a helpful reference later on (so have a notebook and a pen ready!). 

Here’s a recap of today’s information-packed episode:

• Despite economic challenges, now is a good time to negotiate because there are many job openings. 
• To negotiate a raise effectively, it’s important to bring data from external sources as well as evidence of a job well done. Create a file of past accomplishments and tell stories showcasing your unique value. 
• Optimizing your job can lead to promotions and higher pay. Consider asking for on-demand pay during a raise negotiation. 
• Look for companies with supportive environments and join employee resource groups for better outcomes.

Have a financial question for us? Email  [e-mail]. Don’t forget to subscribe on Apple, Spotify, or wherever you get your podcasts.