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so ... I suppose this would therefore be a bad time to ask my boss for a raise?

Well that's one way to look at it. But ... perhaps it depends on what you can bring to the table that makes that raise worthwhile in times like these? Hopefully employers are taking a long view...

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    Compensation consultant Ann Bares is the Managing Partner of Altura Consulting Group. Ann has more than 20 years of experience consulting with organizations in the areas of compensation and performance management.

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