Don't waste your money | The best way to ask for a raise in 2024 | Business

LOUISVILLE, Ky. (WDRB) -- Are you falling further and further behind in your finances due to two years of high inflation? Then you may want to ask for a raise n 2024.

Consumer reporter, John Matarese, explains that with the labor shortage still ongoing, this is one of the best times in years to ask for more money at work. But before you do, you need to know how to ask for a raise and how not to.

The good news is many companies are desperate for workers.

Money magazine said if you are a good employee, the boss needs you to stay.

It suggests you learn your worth by checking LinkedIn and GlassDoor and find out what your job pays elsewhere.

Then come up with a realistic request, such as 3% to 5%.

Plan your presentation to the boss. Ideally, do a mock meeting with a family member. And provide a list of your accomplishments and why you are so awesome and dependable.

But be mindful of pushing too hard for that raise and blowing it.

Money suggests that if you ask for a raise immediately, it might be denied.

Your best bet, the report said, is to ask for a raise in the next few months and say you will earn it.

Still no raise at that point? Consider leaving for something better.

Bottom line is that workers are in the drivers seat this late in the pandemic, so if you ask for more money politely, without making demands, you might just get it.

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