From Yahoo Finance: 2025-05-26 18:01:00

Employers are eager to retain top talent in the midst of economic uncertainty, giving workers more leverage for pay raises. With a 2.4% inflation rate, asking for a 3% raise can help offset rising costs. Companies may disguise cost-of-living raises as performance-based, typically ranging from 3% to 5%. The current economic climate may warrant asking for a raise higher than normal, such as 10%, to outpace inflation. Experts suggest negotiating for raises that align with job switchers’ earnings to maximize earnings potential. Consider asking for other perks like bonuses or flexible work arrangements if a pay raise isn’t possible.

Read more: How Much of a Raise Should You Ask for To Balance Out Inflation?