How To Respond To a Request For A Raise - Part 1
Manager Tools
Mike Auzenne
4.6 • 1.4K Ratings
🗓️ 16 March 2015
⏱️ 28 minutes
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Summary
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| 0:00.0 | Welcome to Manager Tools. |
| 0:02.0 | How to respond to a quest for a raise. |
| 0:05.0 | Here we go. |
| 0:07.0 | A direct comes to you. |
| 0:09.0 | He asks you for a raise, right? |
| 0:11.0 | Right. Every manager's fear. You think your whole day just goes just |
| 0:14.5 | goes to you know where. And maybe you saw it coming, maybe you know, maybe it's out of |
| 0:19.0 | the blue, but regardless, is there a right way to respond?? Yeah there is. Shouldn't they be meeting this incredibly high standard to earn it? |
| 0:27.2 | They should. And the next question comes to my mind is, this is I think one of the biggest fear that people have right which is if I say no |
| 0:35.0 | Don't I risk losing them. Yes, you do |
| 0:38.7 | Okay, great. So we need to talk about this, but that doesn't mean that's not there's not a right answer and it doesn't mean that I mean as we said many many times this is not risk-free manager tools right? Okay, so you have some ideas on this? I might |
| 0:51.0 | Okay, so if I were to ask you these questions. I'm just going off the top of my head |
| 0:54.4 | I'm going to talk for 45 minutes. On the top of my head I'm going to |
| 0:57.6 | show notes. Yeah, okay. So how are we going to walk through this today? Here's our |
| 1:02.1 | outline and then I have a brief aside, |
| 1:04.6 | a sort of a program note, as they would say on TV. |
| 1:08.4 | The first rule of responding to a request for a raise, |
| 1:12.2 | number one, is is first say no. |
| 1:15.0 | Okay, we'll explain why and how throughout this cast. |
| 1:19.7 | The reasons why our second point compensation isn't a primary retention tool. |
| 1:27.0 | Now we understand this opens you up to risk and we'll talk about that directly in this cast. |
| 1:32.0 | Next we're going to ask the direction. talk about that directly in this cast. |
... |
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