What To Do When An Employee Asks For A Raise

In this video, Patrick Bet-David explains what you should do when an employee asks for a raise.

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[damiantosd]

Best way to get a pay rise. Ask your manager/ boss “what do you need me to do to hit the next pay bracket or x amount a year” they will list things. Email them confirming the list agree a review date and follow it up. Never failed me when I worked for others, everybody won. Now I run my own business I encourage my staff to push themselves and do the same.

[bullukmark]

Success does not consist in never making mistakes but in never making the same one a second time " thanks Hutchinson 😊

[kylehoorn]

Good video. One thing I have noticed though is employers confuse a cost of living adjustment with a raise and want the employee to do more work to get the “raise” when in reality inflation was 8.6% so the first 8% is just to keep up with the cost of living. That is not a raise.

Not getting a cost of living adjustment each year is a very real pay cut.

But employers want to make you feel like you need to work harder to get cost of living adjustments and not actual real world purchasing power raises.

[justkc]

Mr. Davis, my wife and I met you in Singapore. I didn’t recognize you at first but the voice I remembered. It was a pleasure meeting you.

[chercha]

All valid points but I believe employers also make the mistake of taking good employees for granted too. Always a 2-way street. Most mid-size to large companies love the great storytellers and not necessarily loyal or hard workers. Most middle managers just know how to turn a 25% true story into 110%. Hardest part for me being in management was seeing how colleagues “add-Value” by being great storytellers, I couldn’t bring myself to drink that coolaid and sleep well at night. There are still good companies out there but there are a lot of bad ones too that can do the talking but not the walking.

[scotland]

I started a new job, 7 weeks later was off with a sickness bug for 3 days. 2 weeks after that was off with covid for 10 days. 2 days later I asked for a raise (in a roundabout way asked if he would be open to me going back self employed as things were not working out for me due to me having been self employed for 10 years previously)
To my surprise he accepted, then went out his way to ask me to come into his office a couple of months later and gave me another raise.
Best employer I have worked for and I have went above and beyond for him. It’s good to know you are appreciated

[BradHolkesvig]

What I witnessed in my work life as a construction worker, welder, or whatever, the more money the company pays you, the more they expect from you in such ways as producing more products at a faster rate, selling more products, handling more and more other employees, etc. Companies don't want to give you more money based on what you have done for them in the past. It's always what they want you to do in the future and if they don't think you can handle more work, then it's hard to get a raise. I always climbed to the top as fast as I could getting the best pay because of my hard work ethics but when I could no longer provide more of what they expected of me, I didn't get anymore raises. So any employee that is loyal to the company and not getting any raises is what companies love to see. I don't play that kind of game.

[johnshoultz]

Just got a raise yesterday after one year of quality work and attitude, I didn't threaten to leave at all, I just said I make you more money than the other employees and I work harder, and care about the company more, and we are paid the same, and I deserve a raise, 2 sec I got more of a raise than I was asking for. Be honest and don't be greedy .

[gillplbgandhtg]

When I do in my company, is I have what I call a personnel qualification system. Basically I have a list of objectives and qualifications that a person has to achieve and when they achieve them they get a raise automatically and move onto the next level PQS. This way whenever somebody wants more money all I say is how are you doing on your PQS. I then remind them that I do not control their raise, that they do. The more they know, and the more value they become, the more they make.

[itsjosephhenry]

The storytelling in this is awesome, everyone wants to hear a good story

[matthewbrack]

Thank you for all these videos. I started with a new company 12/6/21 and I told the owner I would double his numbers. As of last week we are up 121.8% from last year. Thank you because without these videos I wouldn’t be where I’m at or the company.

[cancracker]

A funny story happened early in my career when a highly specialized guy found out he was being underpaid after a rival company offered him a 50% increase on his pay check. Alarm bells starting ringing and after several management meetings they offered him 30% above the 50. Guess what happened? He left anyways because the trust was broken as they could have payed him 80% more all those years. No need to detail how much more this cost the company.
The moral of the story is you have to be proactive in offering raises so whoever wants any should ask other companies.

[bradnimbus]

I worked for place in which I absolutely loved everything about but I was literally living in a crappy old camper in a real bad place. I asked the owner/manager for a raise so I could improve my living conditions. First he responded with "It isn't in the budget" but later approached me and asked me to write a list of what makes me believe I deserve a raise. Are you not aware of how I perform or how I complete my tasks? It made me uncomfortable and whether I made the right decision or not, I gave my notice about an hour later. That experience has made me focus on a better starting wage instead of expecting financial growth within a company.

[MannElite]

Employee here, I've been at the same S&P 500 corporate job for 7 years now, I just focus on trying my hardest to be that category 1 employee that you were talking about, and it works pretty good. I've said yes to every assignment and take on more work all the time, I never say no, never complain, never ask for anything I don't absolutely need, I never call in sick, and was even back in the office Phase 1 2020 during covid. I've got at least 5% raise every year, sometimes as much as 9%, as well as performance bonus every year. At this point I'm making almost twice what my starting pay was. I don't even have very desirable skills, by all accounts I would be easy to replace. Don't necessarily buy all this talk about don't be loyal to your employer, if you have a good employer, good coworkers, good area to live in, then give it your all, show them you are a good guy and a hard worker, and they will reward that.

[ogChaaka]

If your employees are _asking_ for a raise, you already effed up. It means they've already been thinking about it for months, stewing in discontent.

Keeping your people happy is priority one.

[michaelglass]

Wow, this is great. I just got a promotion at work. Here’s how I did it.
1. Consistency: every week play like I’m in the super bowl.
2. Reliable: I am always early to work, first one there, last one to leave. When people needed time off, I offered to work for them.
3. Work ethic: every day I went into work I thought about how I could make myself better. Often I took this mindset home with me and thought it over on my time off as well.
4: Loyalty: I have only called out a handful of times, and when I did, It was only when I was contagious with the sickness.
5. Leadership: my boss noticed that the staff often came to me when They have questions, or had to get something off your chest. I lead by example, so as they’ve watched me work, they’ve picked up my strong work smarter not harder habits.
6. Citizenship. I’ve been with my company for a long time.
7. Trust worthy: I am more than proven that I am a trustworthy employee. With the list of qualifications I shared above.

Thank you for this video, Patrick. I started watching you during the pandemic, and your content has done a lot of good for me. It is inspired me to be the best I possibly can at my craft, and in life. God bless you, and god bless America.

[huntermays]

It's just leverage. That's actually good negotiating tactics which is great for business. It just stings when someone uses their leverage against you. Doesn't make them a bad apple.

[Maniaproject]

Hi Patrick! I'm not asking you for advice but I just wanted say I read you book and I loved it even though I am still a child I loved you book becouse all of the advice you placed I their and I can imagine how many people you helped with it! Keep doing what what you are doing ❤️

[AMarie_USA]

Wanted to say that just 6 years ago this channel was hoping to get to 100K subs (watched one of your videos from 2016, today). 6 years later you'll probably break the 4Mil mark this year. Congrats! 🥳🎉

[DBBBB]

It's an employee's market.

Although I agree there should be measurable metrics, remember it's a 2 way street. At the end of the day, employment is a business transaction. If you're not getting paid what you think you deserve for your current skill level, then move companies.

Either be learning or earning. If you can do both, perfect.

I generally don't ask for pay rises. I didn't get a pay rise this year, and I have had offers from other companies for $20k increases. I like the company I work for, and it hasn't bothered me because I understand we are a new company and operating very lean. However, if I don't get a pay rise in the next year, I will move companies out of necessity. If my employer isn't paying attention and pro-actively coming to me with a pay rise, then me coming to him asking for one is coming from a position of weakness, and this isn't a game I'm interested in playing. I simply take action. This is the art of the deal. Be willing to walk away from the table.

I also never take a counter offer. Once you make the decision to leave, leave. Never let them entice you back into the company with more money. If they valued you, they would have offered it to you before it got to that point.