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The Ramsey Show Highlights

How Do I Ask for a Raise When I'm Under-Compensated at Work?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 7 September 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Monday, and this is the Ramsey Call of the Day, part of the Ramsey Network.

0:06.8

Dr. John Deloney, Ramsey, Personality, is my co-host today here on the Dave Ramsey Show.

0:12.5

Preston is in Dallas, Texas. Hi, Preston. How are you?

0:17.0

Hey, Dave. Hey, Dr. D. How's going?

0:19.6

Great. How can we help?

0:21.3

So today is more of a career question I had. So, Dave, hey, Dr. D, how's going? Great. How can we help? So today is more of a career question I had.

0:24.2

So I guess shortened to the point, I kind of have a feeling that I'm undercompensated at work and was kind of curious.

0:33.3

One, if it was really, really wise, you know, to ask for a raise during these, especially during

0:38.6

these hard coronavirus times. Is your company struggling? So we have back in, it's a larger

0:48.4

company, large publicly traded company, but back in March or so, we did have some furloughs and let some,

0:56.3

we were kind of in a service industry, so we did let some drivers and things go due to,

1:01.0

you know, profitability and revenues, but what we had begun actually bringing some of those back

1:05.6

and hiring them. So I think... What gives you the feeling you're undercompensated?

1:10.6

I've been there for a couple years now, and I've taken on, in a sales role with them,

1:16.2

taken on quite a bit more, you know, responsibility, brought on new accounts, and I've been

1:20.3

hitting pretty much all my goals, except for this last quarter.

1:25.0

I know, no excuses, but, you know, with the coronavirus, I was off a little bit there.

1:28.9

But for the most part, I feel like I've been doing a good job.

1:32.1

Just haven't seen much any compensation increase in the last couple years.

1:37.1

That's a different question that Dave asked you.

1:39.2

He asked you, how do you know you're undercompensated, which to me, Dave, you can tell me if I'm wrong,

1:45.7

is what are people in your area doing the same level of work you're doing at the same competency

...

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