I want to ask for a pay rise, what is the current rate of inflation?

Answer 1

It's 2.4 percent. But, a pay raise should also reflect any changes in your productivity, as well as the cost of living.

Did you do anything last year that makes you do your job better? If so, add a little on the 2.4%.

If not, take a little off.... And be honest!

Answer 2

Look, the reality is that pay raises are at the discretion of the employer. Period. Some employers think that it isn't up to them to increase your salary through pay raises. Others think that you should reward employees for making the company successful. Very few companies care or use the CPI as a benchmark for raises. Most use company profits, increase in stock price (if the company is publicly traded), and how much they feel they want to give to the people actually doing the work vs. what they want to give corporate officers. Is it fair. No, and don't expect it to be. Otherwise, you're going to be sorely disappointed. Don't like it? Start your own business, and become the "Boss." That way, you can provide much needed jobs to others and see pay raises fromt he other side.

Answer 3

Once I went to apply for a job when the managing director happen to walk in and asked me some questions. He asked me why I was in fact seeking a lower paid job then go into the tool room and earn far more. I responded that if I was to go in the tool room I might be stuck there for the rest of my working life and rather started at the bottom and work myself up into management and then I would be earning more within a year. He left. Less then a year later this managing director recalled this event, and announced that not yet a year had passed but I was in management. He used the example to indicate to others that I showed confidence in my ability and had been progressively getting promotions over the time I had commenced to work there.
As such, I never asked for pay increases as I was getting them regularly as I was getting promotion after promotion. On one occasions the workers were protesting that I was getting a promotion, not because they were against me, to the contrary because of the promotion I was transferred to another Department and they didn’t like loosing me.
As such, my promotions were not for going over the bodies of workers, so to say, but because I worked myself up time and again by standing out in my work performance.
Likewise, when a person was working under my supervision I would not wait till a person asked for a pay rise but rather would pursue a person to get a pay rise regardless the person had not asked for any, as I desired to have workers being paid what in my view they deserved. In fact we had a young 16 year old boy entering the factory seeking a job. I explained to him I was going to put him through a test and if he passed he would have a job. Shocked he explained that he had been hurding sheep and not likely would pass any test. I explained he still had to go through a test. I asked him to show me what was one inch. He showed it and I responded he was hired as I would teach him anything else. Within 6 months this boy, who had never worked with machinery turned out to be better then the setters who had worked for more then 26 years in the factory. I arranged for him to get full adult pay, even so he was still 16, because I held he was worth every penny. And likewise so did I deal with other workers.
One of my adult sons made known to me that his employer gave him a pay rise without that he had asked for it, and his boos had explained that he held that my son earned a pay rise because of thew work he was doing and in the manner he did it.

There are ample of employers who are not the bad guys but who are willing to increase an employees income if they see a benefit in I, such as rewarding a worker for doing a good job.
Sure, if you may have some dope as an employer that cannot see the value of a worker then you might have a problem, however, the incentive must come from yourself to in the first place make yourself noticed by diligent and hard work.
If still you do not get a pay rise, then consider that you might have to look for another job if the employer doesn’t give a pay rise, even if you ask for it, or you might just forget about seeking any pay rise because you may consider you are not worth it.

There is a lot about it all but going on getting the average wage increase or inflation rate isn’t really going to do much unless you got an employer who sticks to inflation rates and does not particularly value the workers effort.

As such, you may do better to think about this and perhaps forget about the inflation rate but think how can you best convince the employer you are worth every penny he may increase your wages with.

Answer 4

It's very poor policy to ask for a raise in pay because of your need. What you need is your own business, don't pile that on your employer.
Point out to your boss that you're worth more. If you've worked there a reasonable time, you can point out that you've learned your job and are doing more and better as time goes by.
Expect a raise according to your value to your employer, not your personal needs.

Answer 5

Right now its at 2 1/2 %

Answer 6

You have to ask for a cost of living raise? Bummer. Better ask for 10% because the company will low ball you if you ask for a specific percentage, and you'll still lose out.

Answer 7

Don't mention "Inflation"when you ask.
In fact, don't ask, negotiate.

What have you done to increase the efficiency/ effectiveness of your performance or your dept??? Do you feel you are ready for greater responsibilities???
Now, you're negotiating!
Good luck!

Answer 8

Tons of info for you from the Bureau of Labor Statistics:

http://www.bls.gov/home.htm

Answer 9

4%

Answer 10

look below