You should never be afraid to negotiate a higher salary. Not doing so could cost you $500K in the long run. But even if you don't get the raise, just asking for it could help your career. Photo by Gustavo Frazao (Shutterstock).
The Muse points out five hidden benefits of asking for a raise. It reminds both you and your boss about your work and accomplishments. It helps build your confidence. And, perhaps most importantly, it will give you a reality check of where you stand now with your career and current employer — a useful exercise to do every year.