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More than half of U.S. employees say they plan to ask for a pay raise within the next 12 months, according to a new survey.
Fifty-four percent of workers are looking for a pay raise, bonus or cost-of-living increase in 2021 following a year of virus-induced financial hardship, according to a recent survey by Glassdoor, which offers insights about jobs and companies.
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The results come as local governments around the nation have begun to slowly lift restrictions and reopen their economies now that more Americans are getting inoculated.
Experts say that now is the time to speak up, especially as the economy starts to improve.
"If you avoid talking about pay and miss out on opportunities to expand your earning potential now, it can be more difficult to catch up when the economy starts to improve,” said Glassdoor career expert Alison Sullivan.
However, Glassdoor discovered men are more likely than women to ask for a raise. According to the survey, about 59% of employed men plan to ask for more money compared to only 48% of women.