My Employees Aren’t Happy With Their Raises

The EntreLeadership Podcast

Ramsey Network

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 18 August 2025

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, we’ll hear about: • A leader who is unsure if he’s giving his team the right pay raises • A man wondering about buying a business with a silent partner and employee he can’t fire • How Dave Ramsey manages business risk • A son who inherited his father’s business but has zero experience Next Steps: · 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us · 📚 Learn about the EntreLeadership System: https://ter.li/system-p · 💻 Get EntreLeadership Elite for your business: https://ter.li/elite-p · ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/enl · 🏢 Attend EntreLeadership Summit: https://ter.li/summit · 🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries · 📖 Order Dave’s new book, Build a Business You Love: https://ter.li/b4kru2 Connect With Our Sponsors: · 💼 Go to Belay Solutions or text ENTRE to 55123 for their free resource! · 💻 Visit NetSuite today to learn more. · 🧾 Visit Payority for a free consultation! · 📈 Grab Sales Gravy's free resource to help you hire and lead better. · 📝 Use code ENTRE15 to get 15% off your first year of Trainual. Listen to More From Ramsey Network: 🪑 Front Row Seat with Ken Coleman 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show💰 George Kamel Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	From the headquarters of Ramsey Solutions, this is the entree leadership podcast where I take calls from leaders like you about what it takes to win at any stage of business and leadership.
0:22.0	I'm Dave Ramsey, your host, with over 30 years of experience leading in the trenches
0:26.2	right alongside you. I do this stuff every day. If you have a question that you want to ask
0:31.5	on the show, fill out the form on entrell leadership.com slash ask or call and leave us a voicemail
0:37.0	at 844-944-1070, and we will make you a caller on the show.
0:42.0	That's 844944-11070.
0:47.9	Blake is in Lincoln, Nebraska, to start this hour off.
0:52.0	Hey, Blake, what's up?
0:54.0	Hey, Dave, thanks for taking my call.
0:55.0	Sure, man.
0:56.0	How can I help?
0:57.0	I'm the controller of a physical security company in Lincoln, Nebraska.
1:01.0	We have about 100 employees, and my question is around annual pay raises.
1:05.0	We currently offer about a 2% or a 2% cost of living adjustment each year for every employee,
1:10.0	and then up to an additional 3% per merit or performance base increase.
1:15.0	The issue I think we're running into is we really haven't clearly identified or defined
1:18.4	what a 1, 2, or 3% merit increase would look like.
1:22.3	So when an employee gets less than 3%, they take it as they aren't doing a good job
1:26.2	or we don't value their contributions. So I just kind of wanted to get your input on how we should think about
1:31.4	merit or performance increases on an annual basis.
1:37.0	We don't do any cost of living. We do marketplace adjustment.
1:43.6	And so, you know, you don't get a cost of living raise just because cost of living went up.
	...

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