November 5th, 2010

Asking For a Raise in a Tight Economy

You may be sitting at work one day and realize, that you are working harder and longer than you normally would. You feel like you are not being compensated for the amount of work you do, but you are afraid to make mention because of job security. Well you are not alone and  according to a Yahoo! Finance article, this may be the perfect time to ask for a raise.

Take a look at a few points I have identified from the article and see if you can use them to increase your cash flow in your next performance review.

1. Do your homework before asking for a raise. Use sites like and to give yourself a frame of reference

2. Taking on more responsibility makes you more valuable to the company.

3. Your boss may not be aware of your salary, it may be good to have the undervalued and overworked conversation with your boss.

4. Knowing the financial status of your company.

5. Unlike an interview or you resume, be sure to have tangible evidence of your value to the company.

Money and raises are the most difficult career conversations to have with your boss or human resources, but it is better to have the conversation now then to be left behind on the money curve or find yourself burnt out with little reward.

About the Author

Corey Phillips
Born and raised in Queens, NY, Corey is a working finance professional in Indianapolis, IN. A graduate of the University of South Carolina, Corey obtained a dual degree in Finance and Management. In addition to his corporate career, Corey possesses a passion for helping others realize their potential and authority.



How to use Coupons for Big Savings

Do you see people in line at the supermarket handing over a wad of coupons and saving a ton of cash at the register? Does a little twinge of envy and wonder well up in your chest? Well, there’s no need to be jealous. You, too...
by Socialtik Mag


How to Successfully Ask for a Raise

If it’s been a long time since your last promotion or raise, it might be time for you to speak up and ask for that raise. Here are some approaches you may want to consider when planning how you’ll ask for your raise. The di...
by Socialtik Mag


6 Little Things That Cost a Lot

(CBS Money Watch) We all do it. We spend little amounts regularly on things like lunch, Starbucks lattes, manicures, golf — maybe even for having a pizza delivered while you watch a weekly game on TV.
by Socialtik Mag



The True Cost Of Your Gadgets

We all want to make sure we keep our gadgets up-to-date, but have you stopped to think about the cost after purchase? In a recent Smart Money article, the author explains how much our treasured gadgets cost us during the produ...
by Corey Phillips


Why GenY Might Be Too Frugal

In the new book Not Quite Adults, authors Richard Settersten and Barbara Ray examine why it takes 20-somethings longer to reach the traditional “adulthood” milestones of finishing school, settling into a job, gettin...
by Ronn Richardson



  1. Most people are afraid to ask for raises out of fear of rejection and ill will from management. Ill be sure to try a few of these!

  2. Great post! I’m ready to ask for a raise now, but I am quite hesitant! I know we have the budget, but there are things that hold me back! I’m going to learn to be more bold!

  3. but I am quite hesitant! I know we have the budget, but there are things that hold me back! I’m going to learn to be more bold!

  4. It is just normal to be asking for something that you deserve what’s not normal is asking for those things even if you don’t deserve it.

  5. Good and useful informations, thanks


  6. cheNo Gravatar

    hello!! This is a good selling high-end watch site chopard replique

Leave a Reply

Your email address will not be published. Required fields are marked *

Twitter Users
Enter your personal information in the form or sign in with your Twitter account by clicking the button below.

thru 9/26 - Fall Sale. 30% Off select styles. Disc