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Everybody wants to make more money at their job but it may not always be a good time to ask your boss for a raise. There are many factors that contribute to whether or not you should ask for a raise. Greg Giangrande, career advice expert, spoke with Mendte in the Morning about whether or not you should ask for a raise in the current market.
“Generally, what’s going on in the labor market right now, the conditions aren’t great for asking for a raise,” Giangrande told host Larry Mendte. “So many companies are looking at how they can implement AI to slow down hiring, to even do some layoffs so you have to be really careful with the approach and the timing.”
Giangrande does believe there is an exception if you’re in a certain situation at work: “A good time is if you’ve taken on more responsibility; it could even be your company is conducting some layoffs and the people who remain are given bigger jobs… I wouldn’t say immediately after that but after a period of time, at least 6 months to a year.”
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