Pay Raise
Salary Raise, Raise
When you ascend in salary you get a pay raise at work.
しょうきゅう
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
業界の景気回復に伴い、昇給を願い出たんだが、うまくいかなかったよ。
When the industry made an economic comeback I applied for a raise, but it didn’t work out.