The overwhelming consensus of the financial experts we spoke to was yes, you can—but there are some caveats. Generally speaking, “in the professional ranks, asking for a cost of living (COL) adjustment has not been standard workplace behavior, explains Joe Mullings, chairman and CEO of Mullings Group.
“With that said, the standard has gone out the door since February of 2020,” he continues. The COVID-19 pandemic sparked a wildfire of rent hikes, supply chain issues, and job shake-ups. Kathryn Snapka, finance head and founding partner at Snapka Law Firm, says you can use this to your advantage.
Read the full article here: https://www.suggest.com/how-to-use-inflation-to-negotiate-pay-raise/2672648/
