Unlocking the Secrets to a Successful Salary Raise Request

Barbara Corcoran provides strategies for negotiating salary increases. Individuals should prepare by listing expected responsibilities and actual contributions to highlight their value. She advises requesting a specific percentage or monetary figure for the raise, such as “I want a 10% raise,” to strengthen the negotiation position. The 2025 Compensation Best Practices Report shows that engineering and science firms plan average raises of 4.6%, while nonprofits and educational institutions expect around 3%. Some organizations may not offer raises due to financial constraints, impacting negotiations.

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