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Afraid To Ask for a Raise? So Are Your Coworkers. Here’s Why

Success

Close to one in four of them use knowledge of coworker salaries to negotiate higher salaries, which suggests the necessity of openly sharing this information when possible. They rationalize their fear with the preschool adage, ‘You take what you get and don’t throw a fit.’ losing a job) or alienation from others (e.g.,

Stress 246
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Have a Strategic Plan So You Can Cash Out On Your Terms

Success

If you’ve been working on upskilling and taking advantage of employer-offered education, now might be a great time to find a better job with a higher salary, thanks to the Great Resignation. Once you know how you’ll spend some of your free time, start to include some budget numbers in your plans. Developing a spending plan.

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Workers Want Wage Increases Because of Inflation

Allwork

So, in turn, workers are requesting even higher salaries from these initial increases. . If employers continue to raise wages during inflation, this will require budget cuts elsewhere, potentially contributing to further increases in the prices of goods and services. Last year, the average worker’s wages went up by 4.5%.

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7 Tips to Help You Plan for Retirement

Success

Where you live, the kind of car you drive, health care costs and travel plans, among other things, will drastically affect what you spend during retirement and, therefore, how much you’ll need to save. If you think you’ll downsize your home or move to a lower-cost area, factor that into your planning.

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Creative ways to save money for your startup

Workplace Insight

However, suppose you could think creatively, that is, outside the box, and find unusual approaches to cutting costs without compromising development or quality. The Freelancer’s Dilemma: How to Get Skilled Labor on a Budget The answer is to challenge norms. Is your ancient laptop gathering dust in the corner?

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Dry promotions: Definition, considerations, and guidelines for employers

BMT Office Administration

This type of promotion saves the company money, but can be frustrating for employees who understandably expect a higher salary for their hard work in their new role. The downsides of dry promotions Dry promotions may seem like a solid way to save money and better utilize your existing staff, but they usually come at a cost.

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The Vanishing Executive Assistant—NOT!

Office Dynamics

Executive assistants are running meetings, making hiring decisions, giving presentations, negotiating contracts, managing budgets and are considered co-leaders. She received the biggest salary of her lifetime with all kinds of perks. Leaders are hired to impact the bottom line, build strategic plans, and lead people.

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