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Yes, you should still ask for a pay raise this year

Source | | Abadesi Osunsade, Bloomberg

The conventional wisdom is that you should ask your manager for a pay raise every year. Yet fear of rejection can be enough of a reason to avoid raising the question. During a pandemic it seems even harder to think such a request would be welcomed.

But does this mean we should forgo negotiating and asking for what we’ve earned this year? Absolutely not.

Data from the International Labour Organization show that the Covid-related job losses are already depressing wages, with women often being the worst hit. It’s true that many companies spent the first half of 2020 cutting costs wherever they could. So it’s easy to understand why anyone may hesitate to ask for more compensation right now.

But here’s the thing: Employers will still pay for top talent.

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