Career Coaching Blog

For almost two decades now, inflation has been declining. No longer is it an issue in salary negotiations. But the current rise in energy prices is reminiscence of the 1970s when a five fold increase in the price of oil gripped the nation. What followed was seven years of rising inflation. It took nearly 20 years to work off the inflation of the 1970s but the impact in the meantime was devastating on corporate salaries. Those on fixed incomes and salaries suffered the most. Will the energy crises of the 00's be any different? If not, then rising prices can be expected for the years to come. If you are negotiating a salary for your career, be sure to negotiate a cost of living adjustment. It may not be a issue now, but your best bargain position is when starting a new career or being promoted. So press forward now while you can. You will be in a great position for years to come. Don't rely on annual increases. They are not guaranteed.