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Valuetainment

What To Do When An Employee Asks For A Raise

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 11 July 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

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


Download the free PDF here: https://valuetainment.com/how-to-give-a-raise/


To reach the Valuetainment team you can email: info@valuetainment.com


#Valuetainment #PatrickBetDavid

Transcript

Click on a timestamp to play from that location

0:00.0

So you know a lot of time managers, CEOs, executives don't know what to do when one of their

0:03.4

employees comes and asks for a raise and you screw it up. There are certain situations where

0:08.0

somebody asks you for a raise in a certain way. You ought to say absolutely not and move on

0:12.6

but there are certain circumstances in the way they do it. You ought to actually entertain the idea.

0:16.4

We're going to talk about that today.

0:19.4

Okay, so it's the Grand Televary and to get a PDF of exactly what to do when someone's

0:30.9

coming and asking you for a raise. But let's unpack this whole conversation of what happens

0:34.4

when people come and ask you for a raise. First of all, if you're a small business, the

0:37.6

employees are going to come and ask you for a raise because you've got three, four, five

0:40.3

employees, right? But if you're running a decent-sized business and say 50, 100 employees,

0:45.1

it's generally going to be one of your managers that's going to come up to you saying, hey,

0:49.2

Bobby asked for a raise, what should we do, et cetera, et cetera. So it's either Bobby asks manager,

0:55.2

manager brings up to C-suite. C-suite says, we got a guy here that's asking for a raise, okay?

0:59.9

Or your middle manager is going to ask the C-suite and the C-suite brings it up to you. Or the C-suite

1:04.4

says, hey, I kind of want to talk to you. Here's what I'm looking at. So depending on size of business,

1:09.1

circumstances can change. But here's a few things to be thinking about. So anytime anyone's

1:13.5

coming and asking you for a raise, put everybody in four different categories. One category is

1:18.4

high trust, high specialized. This is somebody you trust. This is somebody that's very good

1:22.7

employee for you. They're a superstar. They're a rock star. They're kicking ass. They're doing so

1:27.8

good for the company that almost they should never ask you for a raise. You should give them a

1:33.3

raise, okay? You ought to right now watch this video and say, let me make a list of the guys that

1:37.6

I want to go up to and give them a raise and you go, do that. It's not good for them to come and

...

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