Average worker has ‘upper hand’ in asking for a raise in 2022: Expert
Credible.com personal finance expert Dan Roccato encourages workers to know their market value.
2022 is shaping up to be the year of the raise.
Credible.com personal finance expert Dan Roccato said he believes workers have the "upper hand" when asking for a raise this year, on "Mornings with Maria" Wednesday.
"Maybe some of us haven't looked for a job in a while, so now might be a great time to understand exactly what it is that the market is valuing this job at," Roccato told FOX Business’ Dagen McDowell.
American workers are in line to receive one of the biggest pay raises in more than a decade, according to a Conference Board survey released last month.
U.S. WORKERS POISED TO GET BIGGEST RAISE IN A DECADE AS INFLATION SOARS
Companies are reportedly setting aside an average of 3.9% of total payroll for wage increases, which Roccato says is "good news" for the average worker.
"Know [your] market value," Roccato said. "Be open to some new responsibilities, maybe a new role in the company."
Roccato warned against blaming inflation for a pay raise, noting it’s likely a "bad conversation" to have with your boss.