Catherine (Kathryn) Dill

speaker

683 appearances 15 recordings 1 series first heard Mar 2020 last heard May 2022

Catherine (Kathryn) Dill’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Want a Raise From Your Boss? Here's How to Ask. · 4 Jan 2022 podcast

Certainly, it's more likely that the money for you to get a raise is there, but you are still going to need to state your case to make it clear why you should be getting that raise, specifically what you've contributed. voice-verified

And, you know, if you're sitting around hoping that they'll notice you stuck around last year and you've been the one helping them hold it together, voice-verified

It's not a given that management is just going to ladle these raises out to anyone who's still there. voice-verified

Well, certainly it's a difficult conversation. voice-verified

You know, money, even in the context of work, which is in many ways inherently about money, still makes people really nervous. voice-verified

It's emotional and it's difficult to approach. voice-verified

And that doesn't change even with the market. voice-verified

But, you know, workers can at least take heart here that they're in an environment where they are more likely than in any time in recent memory to voice-verified

to get a raise from a company that's got the money to give it to them. voice-verified

So while conditions are friendlier in terms of asking for a raise than they maybe typically are, the way you go about this is still pretty much the same as it usually would be. voice-verified

You want to base this on your skills, on your contributions, really be digging into what it is specifically that you bring to the table, have brought to the table in the last year. voice-verified

and make it very specific to yourself. voice-verified

You don't want to bring in outside factors like inflation, which though, as we've said, are related to the compensation issue, they are not related to your specific performance. voice-verified

And when you open the door to talking about something like inflation, your employer may also bring up that they are facing higher costs as well as a result. voice-verified

And so you still want to make it about your performance exclusively. voice-verified

Well, there are some tools available. voice-verified

One of the things that you want to do is assess how willing your company is to be transparent about this. voice-verified

And so one of the experts I spoke with said, you might want to ask your manager where you fall in voice-verified

in the pay band for your job. voice-verified

And if they're willing to tell you, then you can make an argument for why you should be higher up in the pay band for your job. voice-verified

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