How Do I Ask For a Raise?

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  • Опубліковано 7 лис 2024
  • How Do I Ask For a Raise?
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КОМЕНТАРІ • 232

  • @glich610
    @glich610 4 роки тому +88

    I got promoted this year. Told my boss back in march that my goal for this year is to get promoted. He told me some goals that I should meet. Met those goals by july. August I got promoted.

    • @552mustang
      @552mustang 4 роки тому +8

      This is the best reply I've seen here. This is exactly the way to do it. Talk about it before during annual planning, ask them what they want as stretch goals and then deliver for the raise. Makes everybody feel good in the process. The employer and employee.

    • @rickvangils100
      @rickvangils100 4 роки тому +4

      This is the right way to climb up the ladder and get promotions. You agree on a certain salary for a certain number of tasks (your work), but you also agree with your boss that if you meet certain goals and show a certain level of improvement that comes from racking up experience, they will reconsider your position and salary. That way it doesn't come from a place of entitlement but from a place of agreements you've made which is a much stronger negotiation tool.

  • @armandoweckmann5699
    @armandoweckmann5699 4 роки тому +61

    Negotiating your salary in the beginning is crucial. I made the mistake thinking I'll work for cheap and ask for a raise later. Live and learn.

    • @NickFaulkner
      @NickFaulkner 4 роки тому +2

      Made that same mistake.

    • @richiehunt5097
      @richiehunt5097 3 роки тому

      Yes. This philosophy cost me a lot of money over the years. And what's crazy is that employers tend to treat you worse. If they lowball you when you start, they are just going to lowball you every time you look for a pay increase.

  • @jacobg8640
    @jacobg8640 4 роки тому +138

    Best time is during salary negotiation. It's possible to get a raise if you can cite taking on extra responsibilities or value you bring, but other than that you get the best raises by jumping ship. People often forget that capitalism goes both ways. Your boss will end your relationship the moment it benefits them. You can do the same.

    • @diamondd83
      @diamondd83 4 роки тому

      Thank you 🙏🏾

    • @mts4611
      @mts4611 4 роки тому

      Bingo.

    • @armandoweckmann5699
      @armandoweckmann5699 4 роки тому

      I agree 💯

    • @lucuslopez6866
      @lucuslopez6866 4 роки тому

      Depends on what kind of business your working at. A big corporation usually will just say good bye and wont entertain to giving you a better offer.
      I find that usually small/med size companies will be more likely to consider making you a new offer if you decide to quit to go somewhere else. Owners in small businesses tend to be more involve in them and more likely to see more value in their current employees and not wanting to hire someone new.

  • @BadMannerKorea
    @BadMannerKorea 4 роки тому +51

    The only way to ask for a raise is the ability to walk away. Without that you have zero leverage. And most people make more by changing jobs anyway.

    • @JonFontana24
      @JonFontana24 4 роки тому +3

      You def need to have that in the back of your mind(prob should have a backup job just in case) but I think the best way to ask for a raise is to show your worth to the company(i.e. Sales, generating revenue). It all comes down to the bottom line and how much you impact it. Also depends on the economy as right now is prob not the best time to negotiate as there are a bunch of people waiting for a position to open(most jobs require basic knowledge w/ the rest being learnt on the job). So if you aren't bringing value to the company then you probably don't deserve a raise. Funny thing is raises are really meant to help us retain our purchasing power that takes a hit every year from inflation. That's why raises are usually around 2-3%/year, also known as cost of living raise.

    • @avapilsen
      @avapilsen 3 роки тому

      AGREED

  • @johnwick6481
    @johnwick6481 4 роки тому +109

    Step 1: Ask for a raise
    Step 2: Get laughed at
    Step 3: Get higher paying job offers
    Step 4: Tell them to match the offers or I quit
    Step 5: Quit and accept higher paying job

    • @perotal
      @perotal 4 роки тому +19

      Step 3 should be first

    • @brianmay660
      @brianmay660 4 роки тому +1

      Side question: are you "Mr. Wick"? I haven't seen you post in ages!

    • @aolvaar8792
      @aolvaar8792 4 роки тому

      @@perotal That's what I do.

    • @aolvaar8792
      @aolvaar8792 4 роки тому

      @Elaine McMurren The negotiation is
      "I will stay for more money."
      Not, leave without asking?

    • @brianmay660
      @brianmay660 4 роки тому +1

      Elaine's approach is best IMO. You can still try to negotiate a raise if you can show tangible proof of how they provided the company additional value. That value could be increased revenue, more sales, mentorship of other employees, etc. If the employer still isn't having it or it isn't in the budget, then it's clear they can't afford you at your market value. It's time to find someone else willing to pay you more. You simply keep that under your hat until your transition into your new role is secured. IMO you should almost never accept counter offers. I personally would never without some sort of contract in place. Otherwise, you've basically just branded yourself as someone who's willing to jump and there's no reason for them to promote you. As soon as they can replace you, they will and you're left looking again.

  • @agentsmith9851
    @agentsmith9851 4 роки тому +101

    I thought it was going to go like this.
    1. Sell your car
    2. Rice and beans
    3. Close all credit cards

  • @ArdillaINC
    @ArdillaINC 4 роки тому +22

    I don’t dislike John but I feel like he can’t wait to hear Dave’s opinion to quickly agree with him. I wish he was more of an individual and give concise answers without looking at Dave to see if he agrees

    • @perotal
      @perotal 4 роки тому +8

      Just like all Ramsey personalities who are male. Only Rachel and Christy would express disagreement with the boss.

    • @thecatnextdoor12
      @thecatnextdoor12 4 роки тому +1

      perotal Rachel is his daughter and Christy is his daughter’s best friend, probably visited his home for Sunday meals many times.

    • @Da_padilla
      @Da_padilla 4 роки тому +1

      If I am not mistaken john has a PhD too, whatever the case is he's probably worth a bit more than a regular person.

    • @sabrinaliu66
      @sabrinaliu66 4 роки тому

      So harsh and judgemental

  • @alancontreras1362
    @alancontreras1362 4 роки тому +17

    My job got rid of the janitor, detailer, service manger when the pandemic started...I was the driver took on all thoes extra roles for 5 months. They looked at me crazy when I asked if a raised from minimum wage was in sight?. Some jobs are not even worth putting in your hard work if they also don’t see any value in you.

    • @michaelh5055
      @michaelh5055 3 роки тому +1

      I am sorry, but you are an idiot for even taking on the extra work before getting a raise.

  • @djme5419
    @djme5419 4 роки тому +26

    People need to take control of their salary negotiations. The employer needs your services and skills so it's an equal exchange it's not master and worker and the worker takes what's thrown at them and feels lucky. If you have a marketable skill and you provide good service for the company then you are in a position of power and you should make them compete for you. Stop obeying the employer like a parent. It's a mutual respect and relationship.

    • @richthepup
      @richthepup 4 роки тому +1

      Extremely well said. This is foolishness, be ever loving to your employer, non-sense.

    • @riverdaletales8457
      @riverdaletales8457 4 роки тому

      Unfortunate how companies don't understand this

    • @hanymohd5194
      @hanymohd5194 2 роки тому

      Well. Said

  • @azshooter348
    @azshooter348 4 роки тому +3

    Many years ago I worked for a large, well-known semiconductor company. Raises and COLA were all delayed and forgotten. It had been several years since I got any raise. When I approached my boss about it, he said: " Sounds like you're not happy here. Maybe you should look around & go somewhere else."
    So I did. It was a move that opened up a multitude of career advancements for me in the coming years.

  • @Je.rone_
    @Je.rone_ 4 роки тому +61

    Asking for a raise is likely the least utilized way to get a raise

    • @zorkman111
      @zorkman111 4 роки тому +25

      Because it's the least effective. Left a company paying me $70k and got paid $105k somewhere else a week later.

    • @thinksmart3973
      @thinksmart3973 4 роки тому

      @@zorkman111 what position

    • @zorkman111
      @zorkman111 4 роки тому +4

      @@thinksmart3973 software engineer to solutions engineer somewhere else

    • @chimchu3232
      @chimchu3232 4 роки тому

      @@zorkman111 did you ask for them to match or did you just leave and take the offer? I think his point was most people would get a raise If they asked for it in the right way

  •  4 роки тому +31

    Worker: I'd like a raise.
    Boss: Did you just say "here's my two week notice?"

    • @chimchu3232
      @chimchu3232 4 роки тому +6

      @K W if you have an at will employment situation its not illegal

    •  4 роки тому +3

      @K W They won't fire for that reason but they can fire you after you asked for a raise for whatever reason

    • @chimchu3232
      @chimchu3232 4 роки тому

      @K W I'm no lawyer and no ive never been fired, just going off paperwork I've had to fill out for at will employment. Im sure you can build a case and try to fight it if you think you were unjustly fired

    • @danielrutherford9456
      @danielrutherford9456 4 роки тому

      K W the EEOC can only help you if you’re fired egregiously for something they protect against. An employer can make up a performance reason, and you’ll have no EEOC case.

    • @actionjackson1173
      @actionjackson1173 3 роки тому

      @ Yup. They will just say it's another reason.

  • @victoriagarcia5533
    @victoriagarcia5533 4 роки тому +50

    “I have more degrees than a thermometer 🌡” 😂

    • @heatherbrenner8275
      @heatherbrenner8275 4 роки тому +4

      I had a guy come in and apply for a job then get mad at me (I'm not even in HR) because he didn't get the job. He came up to me and said "I'm being discriminated against". I asked him why he felt that way and he said that he has college degrees and could do my job better than me. ok guy...lol.. all I said to him was maybe it was more attitude and less experience that they were looking for. Never saw the guy again, can't say that makes me sad.

  • @madarchermoto4955
    @madarchermoto4955 4 роки тому +14

    I have never ASKED for a raise. I just outperform and work harder than I’m required, and I get more and more education and experience under my belt, and if they don’t give me a raise after 2 years to at least keep up with inflation I consider them not worth working for anymore and i go to work elsewhere where I start out with higher pay.

    • @raeesg
      @raeesg 4 роки тому +1

      this.

  • @markyouneva7840
    @markyouneva7840 4 роки тому +8

    Companies these days rarely give you what you deserve without asking, sometimes give you what you deserve when you do ask, but are often guarded against employees who become wise to their worth/contributions and have a plan to replace you. It's why a majority of people these days have to jump from company to company every few years to ensure they get a pay increase and why companies have high turnoves.

    • @ShesReady2Live
      @ShesReady2Live 4 роки тому

      Mark Youneva bingo! They want, want, want but only feel like paying you 80% of your worth.

    • @thecatnextdoor12
      @thecatnextdoor12 4 роки тому +1

      ShesReady2Live Omg my company added me a second job but I’m getting paid the same “due to the pandemics salary freezes.”

    • @ShesReady2Live
      @ShesReady2Live 4 роки тому

      The Cat Next Door yes, my task list has also multiplied. Theres never a raise in salary without an increase in what they want from you. Id love to ramp up the creativity for my position yet Im still tasked with trying to pick up the slack of a part time hire who replaced the previous full timer who retired. Can I just say... Im freaking tired!!! Lol

  • @cristi8572
    @cristi8572 4 роки тому +39

    step 1: get higher paying job offers
    step 2: ask for a raise
    step 3: get laughed at
    step 4: tell them to match the offers or you quit
    step 5: quit and accept better paying job

    • @WISHBONEL7
      @WISHBONEL7 4 роки тому

      ?? Have an idea of what the culture is in those other environments that may higher you . " All money is not good money ".

    • @alancontreras1362
      @alancontreras1362 4 роки тому

      Not worth even putting time in jobs like that in my opinion

    • @MrCrazyperson74
      @MrCrazyperson74 4 роки тому +1

      Exaclty. Im thinking about leaving my current job. I get paid 30-50% less than other companies with similar jobs. Plus with the virus, it constricts us with so many rules and restrictions, Its not worth working there anymore.

  • @perro7183
    @perro7183 4 роки тому +14

    Seems like yearly cost of living increases should be given at a minimum. If inflation isn't kept up with, the employer isn't keeping their end of the bargain

    • @riverdaletales8457
      @riverdaletales8457 4 роки тому

      Yep that's why I recommend living with family and or friends or even having a roommate unfortunately not everyone can have a life turning story like Dave , I don't recommend at all to life by yourself

  • @killakrok
    @killakrok 4 роки тому +30

    1. Provide Value
    2. Leave

  • @jamescadzow9545
    @jamescadzow9545 4 роки тому +17

    Don't make permanent decisions based on temporary emotions.

  • @zvaults4168
    @zvaults4168 4 роки тому +5

    If you perform as expected, you should get a yearly raise of about 2%. That is just inflation compensation. If you do better, you should get a bit more, you are providing more value than expected, that should be rewarded. If this guy is taking on more responsibilities, he should be rewarded for it.

  • @ThePatriots010304
    @ThePatriots010304 4 роки тому +6

    Be prepared to leave. Threaten to leave for another company. I’ve gotten raises twice by threatening to leave for other companies. It was genuine interest from the other companies wanting my services, I had low interest in them and didn’t wanna leave but my employer didn’t need to know that. They just needed to know I was in play and that they could lose me to another company.

  • @Oliveraseddie1
    @Oliveraseddie1 3 роки тому +2

    The advice in this video just helped me get a 13% increase in salary. Thank you!!!

  • @MrClassicmetal
    @MrClassicmetal 4 роки тому +33

    It's very easy. You walk to the manager early in the morning with a stern expression on your face. And just blurt it out, "Listen, I need more money man."

    • @Internal_radio
      @Internal_radio 4 роки тому +2

      Yep 💯

    • @HamiltonRb
      @HamiltonRb 4 роки тому +1

      That wouldn’t work with me, just because you need more money. I have 16 employees and you would have to show me where you are providing more value that others that I am paying what you presently make, otherwise if I pay you more, I am going to have a line of others who want raises

    • @Internal_radio
      @Internal_radio 4 роки тому +6

      @@HamiltonRb bro... it's a joke

    • @HamiltonRb
      @HamiltonRb 4 роки тому

      Micheal Graves Ok, I missed the joke then. Good luck

    • @Internal_radio
      @Internal_radio 4 роки тому +5

      @@HamiltonRb the joke was no one in their right mind would ask for a raise that way...

  • @stevenlee5146
    @stevenlee5146 4 роки тому +11

    asking for a payraise in most industries is a death sentence right now.
    boss can easily remove you and hire someone who will work for half your salary.
    dont believe me? i posted a job and got 500 applications for a job that normally gets 50-100 applying and most we interviewed through the phone were asking for 60% of what our workers get paid.

  • @berrex5152
    @berrex5152 4 роки тому +9

    Asking for a raise is so Oldschool. That does not work now a days. Now its " you're lucky you have a job in the first place"

  • @ThiccBoi23
    @ThiccBoi23 4 роки тому +26

    Simple. You should get a raise every year. Absurd to think ones pay should be stagnant.. Inflation will eat it up

    • @riverdaletales8457
      @riverdaletales8457 4 роки тому +1

      Exactly

    • @YoungCEOsNY
      @YoungCEOsNY 4 роки тому

      The only time they typically raise the pay is if it meets minimum wage

    • @midwestrustwarrior
      @midwestrustwarrior 3 роки тому +1

      Do small businesses ask for a 3% raise too? What happens when they raise their prices and lose sales? Not every environment can afford to give everyone a raise as Dave says they are breathing.

    • @MrBrewman95
      @MrBrewman95 3 роки тому

      @@midwestrustwarrior a lot businesses do raise prices but still don’t give raises

  • @hanymohd5194
    @hanymohd5194 2 роки тому +3

    This question not for Dave , he is owner of small business and live off kickbacks too

  • @cato451
    @cato451 4 роки тому +30

    Get an offer from another company that demonstrates your true value then walk into the boss’ office and tell him to match or exceed or you’re gone. That’s what I did three times.

    • @TheMopar97
      @TheMopar97 4 роки тому +7

      That completely depends on the company and the personal relationships between the employee and management. I worked a large company where a guy did that. They let him go while he was in the office asking for a raise. They stated his loyalty was no longer and there was too much risk knowing his mindset and willingness to leave.

    • @cato451
      @cato451 4 роки тому +24

      Blackneons24 yup. That’s the risk. So what. Move on. Be loyal to yourself and your family...never to a company.

    • @thecatnextdoor12
      @thecatnextdoor12 4 роки тому

      cato When you did this three times, how many of those did you get the raise?

    • @cato451
      @cato451 4 роки тому +5

      The Cat Next Door twice. The other time they called my hand so I left for the other company for a 15% salary increase.

    • @thinksmart3973
      @thinksmart3973 4 роки тому

      @@cato451 what position

  • @TaxinGigs
    @TaxinGigs 11 місяців тому

    Just finished reading Financial Peace. Great stuff. Thanks Dave for all the advice.

  • @sandyseibelhager7131
    @sandyseibelhager7131 4 роки тому +3

    At least he can ask for a raise. I work for government. The pay is based on job title, length of service up to five years (after that it’s not a factor) and the contract. It doesn’t matter how much experience you have beyond five years or if you work harder than the guy next to you.

    • @alancontreras1362
      @alancontreras1362 4 роки тому

      Make sense why they probably don’t strive for more then what the job ask for. Fair enough

  • @brianmay660
    @brianmay660 4 роки тому +4

    The only caveat to Dr. Delony's point of "you agreed to $X to do Y job" is when the job changes from Y to Z. That means the discussion around the original compensation of $X would be revisited. IMO the most valuable thing to take away from the discussion is to keep yourself up to date on your marketplace value. Know what others in your industry are making with similar experience in your area at all times. The whole raise discussion really shouldn't be a "gut feeling" or "I think I'm worth more". Talk to your peers. Talk to others in your industry.

    • @thecatnextdoor12
      @thecatnextdoor12 4 роки тому +1

      In my company it is not allowed to talk about salaries. Clearly that’s because people would figure out they’re not being paid fairly but still no one will talk.

    • @brianmay660
      @brianmay660 4 роки тому

      @@thecatnextdoor12 In the United States, that's generally illegal in most cases for employers to MANDATE that (you may want to look into the NLRA and similar Department of Labor rules/regulations). There are lots of caveats and limitations to that, of course. If you chose to talk about it after hours, there's not really anything they can do about it legally. If they fired you over it, that'd be illegal in most cases. With that said, I personally wouldn't discuss within the same company anyway. There are plenty of other resources outside of your current place of employment you can pull from statistically speaking. On top of that, it'd have the added benefit of forcing you outside of your bubble and expanding your professional network.

    • @thecatnextdoor12
      @thecatnextdoor12 4 роки тому

      Brian May Right. My manager “kindly” asked me “not to share that info with anyone” so I know they’ve been saying the same to others too.

    • @wtokotie
      @wtokotie 4 роки тому

      Thank you for pointing this out. Dr. Delony should listen and think about all scenarios before pointing out that what you start with should be what you remain at, especially when your work has had an impact. Dave's response is more comorehensive!

  • @grayandgray
    @grayandgray 4 роки тому +1

    Phase one. I've proven myself as an outside sales rep, can I get a base bump as I started as an inside sales rep. Phase two, what's the incentive plan if I exceed sales goals. I haven't had a "raise" in 5 years, but I have an opened ended compensation plan for company profit growth. I'll take Door #2

  • @whenufirstrealized
    @whenufirstrealized 2 місяці тому

    My situation is my very large and successful employer blows through money. The new people they hire are always paid more and hard evidence other groups and bosses fight for and compensate their people better. My skillset and service is very specialized and technical. My internal customers are very happy with my work and will miss me, but my boss could care less about my area or work. He's taken steps to move me and my function to other groups unsuccessfully. As a result I've received the minimum increase for years. I'm mid 50s and don't need to work but do love the work itself and very comfortable work from home work, though it is very challenging and mentally draining. We've talked about money using hard information and he always says his hands are tied and reminds me where the door is. I'm planning to resign next week, but am open to negotiating once I resign. I'm prepared to let the job go and not go back to work.

  • @novamaster0
    @novamaster0 4 роки тому +5

    Not really applicable in Tech/CyberSecurity
    18 months average tenure in tech/Cybesecurity.
    Jumped companies 3 times in 5 years and have almost tripled my salary

  • @MR3DDev
    @MR3DDev 4 роки тому +6

    Just get another job. Unless you are completly irreplaceable you are just going to create friction with management. If you are a good worker chances are you’ll get a 5% which is nothing and management will know you are not happy at the company. If you wanna make more money look for another job is just the best way

  • @ProphetC2
    @ProphetC2 4 роки тому +1

    I had a co-worker who had the same amount of years working than me (6). He was complaining about how he was underpaid, but he had been in four different positions during those years and he was hired as an intermediate; while I had worked 4.5 years in a position and the rest in another, so I was hired as a senior.
    I never told him my total compensation but he did tell me his and I earned about 60% more than him. I told him what to do about it, but he didn't want to put the work into it.

  • @ThinkMoneyBenny
    @ThinkMoneyBenny 4 роки тому +25

    you get a raise by starting your own side hustle, then growing it 💰

    • @umairahmad4711
      @umairahmad4711 4 роки тому +1

      Preach 💰💰💰

    • @Shane-fh4uu
      @Shane-fh4uu 4 роки тому +5

      Yes and unfortunately the raises sometimes goes to those that are the loudest. I cringe at how some of my co-workers try to puff their chest. After that happened to me, I focused more on my side hustle, it is now 2x the income of my salary, and I still work the salary job lol. My coworkers are so much more incompetent than me that I can handle the salary job easily with less effort while maintaining the side gig. I haven't quit yet since a guaranteed 1/3 of my income + benefits is still really significant

    • @More_Row
      @More_Row 4 роки тому

      @@Shane-fh4uu What's your side hustle, do you mind sharing?

    • @Shane-fh4uu
      @Shane-fh4uu 4 роки тому +1

      @@More_Row just a eBay business but 3 years in the making. I never would have dreamt that it would have come this far. I buy used computer parts on various online forums and even eBay itself and turn around and resell it for a higher price. You have to find ways to make your store and items stand out. Part of it includes offering free return shipping which is hard for an individual to eat the cost of but is manageable if you have good volume.

    • @More_Row
      @More_Row 4 роки тому

      @@Shane-fh4uu Good info, thank you.

  • @RodeoJoe1981
    @RodeoJoe1981 4 роки тому +2

    To half steal a quote from Dave.... work like no one else first, so later you'll get paid like no one else. Works for me 21 years at a company.

  • @1.5Koreans0.5American
    @1.5Koreans0.5American 4 роки тому +1

    Thank you for sharing 🙌

  • @Vonpol1
    @Vonpol1 4 роки тому +10

    Its a strange time for sure. I work for a fortune one company, and since the begin of the year promotions have become extinct. Its almost like they know that people cant gamble with their futures during the pandemic.

  • @graceandglamor
    @graceandglamor 4 роки тому +1

    Definitely give your current employer a chance to hear you on wanting a raise. But the easiest way to get a SIGNIFICANT boost in salary is to be hired at a new company (or new dept, new team). And I hope Dave is not implying that workers shouldn’t expect merit/CoL raises every year or two. Inflation happens no matter what so if you’re not giving merit raises, you’ll see it reflected in your retention rate.

  • @DrJeremyHolloway
    @DrJeremyHolloway 4 роки тому +1

    Thanks for your encouragement!

  • @Justin-dm8yh
    @Justin-dm8yh 4 роки тому +4

    Also your employer should keep your wages up with inflation

  • @aaronmartinez9552
    @aaronmartinez9552 4 роки тому +16

    Anyone that says “long story short” or “ to get straight to the point” is about to tell you the longest most unnecessary story you’ve ever heard in your life

  • @bakedbean6605
    @bakedbean6605 4 роки тому +2

    Apply for another company and if you get another offer, ask your employer to match it. If they won't, you know what to do

  • @flisfinance5680
    @flisfinance5680 4 роки тому +2

    Ask right after you have done something really good!!! Then it will work

  • @djpuplex
    @djpuplex 4 роки тому +4

    Have a job recruiter on speaker phone during yearly review. Find out how much it cost to hire and train your replacement tell them that's what you wanna make.

    • @graceandglamor
      @graceandglamor 4 роки тому +1

      No recruiter will hire someone willing to break privacy protocols (and potentially laws, depending on your state) like that.

  • @ShakespeareCafe
    @ShakespeareCafe 4 роки тому +2

    Good luck
    Check out the CA Warn Act notices of permanent or temporary layoffs and then be thankful you have a job

  • @bsbedingfield
    @bsbedingfield 2 роки тому +1

    My biggest thing is not even getting cost of living bumps and also hiring new people on at my same rate. Then having me train this person without compensation.

  • @wesjimez2941
    @wesjimez2941 4 роки тому +14

    Leave your job. That's how you get more money. Employers don't care about employee's. They rather have you leave. They just want people to be obedient sheep, and cheat you out of money.

  • @perotal
    @perotal 4 роки тому +1

    You have to be prepared to leave if they say no, otherwise they will take you for granted

  • @kiethmergard
    @kiethmergard 4 роки тому

    I think he has the right mindset. Perhaps asking for a lunch meeting and then laying out what he's done for the company. Then, perhaps ask his leader what goals would be needed to be hit, in order to get his raise he wants.
    Salary and raises can be negotiated a lot of times, if it's done with respect and skill.

  • @rickvangils100
    @rickvangils100 4 роки тому

    From what i've seen and experienced (still young though) is that if you don't agree with your salary now, you probably never will. You need to work for a company where your ambitions and theirs align well enough. The moment you enter into a job you need to have made agreements on what your development in the next few years will look like and what your reward for meeting certain goals will be. If you don't agree on anything other than what you're being hired for right now you're always gonna be firing shots in the dark because you don't know what your'e aiming at.

  • @SimonTekConley
    @SimonTekConley 4 роки тому +1

    Dave's partner reminded me of an issue I saw a lot in California. I would work salary, which I was fine with, if I worked 60 hours, I was only paid the equivalent of 40, I understood that. What I didn't like was if I was sick or something, and I worked 36 hours, I would automatically be paid for only 36 hours. And suddenly I wasn't salary.

    • @SimonTekConley
      @SimonTekConley 4 роки тому

      @Sir We Are About to Die in IT, they won't get people to apply to the job without benefits

    • @SimonTekConley
      @SimonTekConley 4 роки тому

      @Sir We Are About to Die right now the industry I work in, there's not enough good IT people, so I foresee the companies offering good benefits for decades to come.

  • @bmmk12
    @bmmk12 4 роки тому +1

    That's the second video in recent weeks that Dr John says, "Bye Felicia" 😅

  • @umairahmad4711
    @umairahmad4711 4 роки тому +14

    If you’re asking for a raise then it’s time to quit and find better opportunities for yourself. 👍

    • @MarkZ_1985
      @MarkZ_1985 4 роки тому +7

      Or look for another job while you still have one.

  • @monaconumerique
    @monaconumerique Рік тому

    I believe that you should not ask for a raise because that can get you a NO for an answer. The correct question is what do I need to do to get a 10 percent raise? That will get you a lot of information, for one the work needed to get a 10 percent raise, you will also get to know what the workload required is and if its fair or not, and thirdly you will know what the company thinks of you. They might raise you immediately because you asked or they might say sorry, you will never get a raise cause you are already overpaid...and then you know NOW is the time to leave

  • @serioushamster
    @serioushamster 4 роки тому +4

    You don't get raises that mean anything at jobs. You get raises by job-hopping.

  • @Timmyk5150
    @Timmyk5150 3 роки тому

    It's a different ball game if you work a union job doing low skilled work. There's no performance reviews or transparent negotiations. It's a "take what we give you" proposition. Best bet unless you're mid level store management, quit and avoid these jobs.

  • @JacklynCunningham
    @JacklynCunningham 4 роки тому +1

    Dave, can you do more content on young professionals trying to get into entry-level jobs moving up from minimum wage to an actual livable wage

    • @brandonjuber3576
      @brandonjuber3576 4 роки тому

      A few things he has said over the years.
      1) Surround yourself with people that have ambition and are working hard toward improvement
      2) Read books
      3) Find out about certifications that will help you make more money in your job and if it makes sense then get them
      4) Find ways to make your employer more money and have conversations with them about it
      5) Start a side hustle and try to grow it while you keep your current job
      6) Following the baby steps will get you out of debt and have cash in the bank. This will give you the security that you may need to "jump" and make a move.
      Just some things I've heard him say. Good luck Jackie!

    • @JacklynCunningham
      @JacklynCunningham 4 роки тому

      @@brandonjuber3576 hey thanks Brandon :D

  • @sabrinaliu66
    @sabrinaliu66 4 роки тому

    Start to look for other opportunities, you will have more bargaining power if you have already several offers. All the best to you man, I hope your company really values you by giving you a fair increment.

  • @untouchable360x
    @untouchable360x 4 роки тому +7

    "More degrees than a thermometer." Dave has been listening to the Coach.

  • @Ender-Corbin
    @Ender-Corbin 4 роки тому

    If they don't and laugh in your face leave. I've gone all the further I can were I work and know I'm underpaid, overworked, people that have been their less time than me make more than I do.
    I'm been planning for a while looking for other positions, and am close to asking, nothing comes of it I leave.

  • @shmand
    @shmand 4 роки тому +13

    "I have 1 year experience 20 times." Lol nice.

  • @lucuslopez6866
    @lucuslopez6866 4 роки тому

    I usually look for a new job, get it, give 2 weeks notice, and they get the option matching my new offer or giving me something better

  • @samberens5664
    @samberens5664 4 роки тому +5

    Stop calling Dave, a guy who is on the management side of the company, for advice on how to advance your station as a worker. The interests of labor and management are inherently at odds with each other so he isn’t going to give you advice that helps your cause because he’s coming from the perspective of looking out for his economic peers in the management class. Class consciousness is so nonexistent in this country that you’ve got workers asking bosses at other companies how to do things that go against the bosses’ interests

    • @avapilsen
      @avapilsen 3 роки тому

      You're wrong. THIS is the perspective we desperately need so we can use it to our advantage.

  • @livefreewithcalebd
    @livefreewithcalebd 4 роки тому +5

    Never ask for a raise. You’ll make more money switching companies

    • @Cheekygorilla1337
      @Cheekygorilla1337 4 роки тому +5

      I asked one year in an got a 40% bump. The thing is I didn't just hit expectations, I brought more value. Saying that, I wouldn't say never because it all depends, you know?

    • @livefreewithcalebd
      @livefreewithcalebd 4 роки тому

      Jonathan You got that!

    • @BadMannerKorea
      @BadMannerKorea 4 роки тому +2

      I had the same qualifications, education, and experience as my co workers and I was getting paid 35% less. We were all hired at the same time too. I said no way and I was willing to walk away. They gave me that 35% pay bump. I considered it fair and have been there ever since.

  • @123hibye
    @123hibye 4 роки тому +6

    I’m 13 and have about $1200 in stocks! Thanks for all the advice! I love finance and you inspired me to make my own channel about finance, stocks, Entrepreneurship, later real estate, and more! Thank you

    • @CerronPritchett
      @CerronPritchett 4 роки тому +1

      Nice congrats and give yourself a raise whenever you want don’t ever have a boss. I cringe when I hear that word.
      A pawn behaves like a pawn because it believes it’s a pawn.

    • @123hibye
      @123hibye 4 роки тому +1

      Cerron Pritchett thanks man

  • @LoveLife-oo9cz
    @LoveLife-oo9cz 4 роки тому

    Whatever you do, don't show people your desperation and don't be faithful to the employer. If you can have a great job, take it. They are business, if you are not worth, they are not going to hire you so cut the emotions and chase the money.

  • @GlassJack
    @GlassJack 7 місяців тому

    I've worked in environments where the guy who has been around for 5 years makes less than the new hire doing the same job. Nowadays, it seems like the only way to get a raise is to threaten to leave because you have an opportunity to make more money somewhere else. Employers will do anything to avoid giving a raise, but replacing a guy who shows up and knows what to do is always a gamble. It seems like Dave will give you a raise if you metaphorically blow him. He just wants to be worshiped.

  • @iAlwaysSpeakTheTruth
    @iAlwaysSpeakTheTruth 4 роки тому +1

    If you have to ask your employer for a raise, you shouldn’t be working for them. They should give you raises every year and hit a max peak point. Leave and go somewhere else.

    • @iAlwaysSpeakTheTruth
      @iAlwaysSpeakTheTruth 4 роки тому

      Also you’re in a sales? Dude get out, I have done it and will never go back. You’re only worth what you can sell, Miss your quota and watch how fast they toss you. Never again.

  • @vaportrails7943
    @vaportrails7943 4 роки тому +1

    What this shows is the importance of the job market. In the big picture, if you want every employee to get paid more, vote for the curtailment of outsourcing and immigration. Employer access to cheap foreign labor is what has driven down pay across the board. It is the reason why the US economy has been stagnant and the reason why we now have two generations worse off than their parents.

    • @vaportrails7943
      @vaportrails7943 4 роки тому

      @Sir We Are About to Die It started with NAFTA (or if you want go back farther, the 1965 Immigration Act), but it was the admission of China to the WTO in 2000 that really accelerated the downward spiral.

  • @omreg123
    @omreg123 4 роки тому

    leave your job if you are not happy. if you cannot find one that makes you happy start your own business.

  • @armandopacheco-soto3592
    @armandopacheco-soto3592 4 роки тому +1

    I really hope I never have to ask for this with my employer once I graduate community College

  • @husher5142
    @husher5142 3 роки тому

    Realistically if you want a raise .. change companies.

  • @jordanaubrey-realestateinv334
    @jordanaubrey-realestateinv334 4 роки тому +3

    Show your worth move towards the company future. Serve serve serve and the money will follow.

    • @thecatnextdoor12
      @thecatnextdoor12 4 роки тому +1

      Omg not really, they’ll just use you like a work mule.

  • @jillygirl2024
    @jillygirl2024 4 роки тому

    Love the explanation of entitlement - too many have it - I did too when way younger but not anymore

  • @Servant_of_Source
    @Servant_of_Source 4 роки тому +1

    Before even asking for a raise...
    Use your job as leverage to create side income from:
    -Businesses/side hustles you start
    -Investing into dividend paying stocks
    -Taking courses or classes that will get you more knowledge either in your field or other fields.
    People have to remember that ultimately being reliant on solely one job will not get you the freedom you and we all want.
    Also, do not live over your means. Living under what you make will get you leverage in your life that will get you options for when you no longer want to work where you are working.
    If you disagree/have any questions. I'd be happy to have a conversation with you.

    • @Servant_of_Source
      @Servant_of_Source 4 роки тому

      @Sir We Are About to Die that's awesome! May I ask what dividend stocks you are investing in?

  • @G_Money_
    @G_Money_ 4 роки тому +2

    I asked my boss for a raise the other day and he told me to retire.

  • @butteredbread1756
    @butteredbread1756 4 роки тому +5

    4:53 “small business”? 😳

  • @rminitials
    @rminitials 4 роки тому +2

    Hold the boss' children up for ransom.
    Yeah I haven't watched the video yet either.

  • @DrJeremyHolloway
    @DrJeremyHolloway 4 роки тому

    I started a UA-cam channel with one HOPE: to inspire others. Just got monetized this week!!!

  • @DeadsupraEE3
    @DeadsupraEE3 4 роки тому

    no one:
    not a soul:
    guy on the left: "bye felicia"

  • @Bakurah78912
    @Bakurah78912 4 роки тому +2

    John, please stop more mindful of what you say and how you say it. Let Dave answer the financial questions while you answer the mental health and family related questions.
    Dave seems to hesitate when John says something that is somewhat incorrect and doesn't want to say that someone is wrong.

  • @Clic03
    @Clic03 4 роки тому +4

    Not a good time to ask for a raise.

    • @jzam3220
      @jzam3220 4 роки тому +1

      Just got promoted this week. I had planned on asking for a performance review or evaluation in about a month or two. I’m sure I would have received a raise.

    • @MrTmenzo
      @MrTmenzo 4 роки тому

      I did and got it. But it's a small company with two employees.

    • @SeanBaker
      @SeanBaker 4 роки тому

      @@MrTmenzo Same here. What a club we belong to!

  • @mr.sevilla3723
    @mr.sevilla3723 4 роки тому

    Bonus term in place if you do reach quotas

  • @domwings4329
    @domwings4329 4 роки тому

    I have the best data point for Dave and the other guy, 1% average inflation every year. If you aren’t getting a 1% increase in pay annually you are making less every year. Mic drop

  • @sparshparimoo
    @sparshparimoo 4 роки тому

    I have one year’s experience twenty times. Lol.

  • @davidfoulk3078
    @davidfoulk3078 4 роки тому

    Hey Boss,how about a raise.... nuff said

  • @edkennedy7952
    @edkennedy7952 4 роки тому

    Pretty basic stuff....... ask for one, if you deserve one you'll get one.

  • @masternobody1896
    @masternobody1896 4 роки тому +3

    dave ramsy is smart he should start a company

  • @thepeachyshow-letstalkmone496
    @thepeachyshow-letstalkmone496 4 роки тому

    "Hello, could I please get a raise"

  • @jamesjhonson4568
    @jamesjhonson4568 4 роки тому +1

    The real problem when asking for a raise, from an employer's standpoint, why should he or she give you a raise when they can replace you for someone cheaper,remember, there are people out there waiting to replace you.

    • @HamiltonRb
      @HamiltonRb 4 роки тому +2

      It depends on the type of work and the skill level required because it is not always cheaper to bring in someone new and train them.

  • @世间记录者
    @世间记录者 3 роки тому

    salary compression

  • @michaelvan6675
    @michaelvan6675 4 роки тому

    In sales and don’t get commission?

  • @teamsweattt5227
    @teamsweattt5227 4 роки тому +1

    hi

  • @gustavsorensen9301
    @gustavsorensen9301 4 роки тому

    I’m a free market capitalist ..NO RAISE FOR YOU

  • @Will-oj3un
    @Will-oj3un 4 роки тому +4

    Also, the 1-3% yearly “raise” is just the cost of living. That isn’t a raise.

    • @HamiltonRb
      @HamiltonRb 4 роки тому

      You better be very skilled at your job to think you are going to determine what your raise will be

  • @DannyMayhak
    @DannyMayhak 5 місяців тому

    Did he really just ask whether the basic fundamentals of human interaction ever come into play in business? What a stupid question …

  • @hawihawi9260
    @hawihawi9260 4 роки тому +1

    Bye felicia!