How To Ask For A Raise At Work
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- Äas pĆidĂĄn 4. 08. 2024
- How To Ask For A Raise At Work - salary negotiations that work. Are you feeling underpaid at your job? In this video I teach you how to ask for a salary increase or raise in a professional manner.
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0:00 - intro
1:28 - why are you asking for a raise?
2:28 - assess your value
3:34 - skill marketability
5:03 - get your facts straight
5:35 - the meeting
6:47 - if they are non-committal
7:10 - can't afford it
7:46 - you're too high
8:07 - if they say no
8:25 - getting help to get the raise
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The easiest and most effective way to get a raise is to change jobs.
I jumped from my employer of 12 years to another in October. Same job 20% bump. I tried to start the conversation with a competitor's job posting... They were not interested. The last six years I had a single 2% raise. It was time to leave.
I took the job with the competitor.
It's the only way (in my opinion). If you have to ask for a raise, then something is not going well in the company.
Yup left my bullshit job making 30 grand in a warehouse to making 70 grand as a truck driver. Stop asking for raises and level up.
@@keithmorgan4883 đđŸđđŸ
Normally yes, unless you work for a solid company with set goals for raises
"Don't ask for a raise, switch jobs!" Joshua Fluke, best advice ever
Yessir. Literally had that discussion w my dad that's been for the same company for over a decade but I'm gonna really making as much as him w this new opportunity coming đ weird how the internet can teach you such important things like this and then have parents nvr let you know abt it, wild.
Yeah, holy words. I've just got a 0% raise after my boss promised me that I will get a raise in January - I told him it's ridiculous so he told me we'll talk again on Wednesday, Feb 9th about this issue. So well, I already have two openings that I'm in the midst of getting and I have chances so maybe I will come to the meeting with facts he will not like.
@@ArtificialFertilizer Go for it and look for yourself.
Isn't that guy crazy though? Like he filmed himself getting his dad's car towed or something because he didn't want to help him and then he posted it on youtube lol. There is something to be said about taking advice from people who air their dirty laundry on social media.
I had a list of accomplishments that go well beyond my job description and the data to show I was underpaid using my own companyâa job postings, got ignored for 3 months after a couple follow-ups. Iâm currently about to start my new job at a new company with a 52% raise.
Congratulaions, Trevor! It is great and brave of you that you decided to take that move further in your career!
Fvck yea dude.
Mention you were passed over during TWO reviews on your exit interview. They LOVE that
Like I wrote elsewhere, we are all free agents. Good for you.
and don't ever take the counter from existing employer. if never works out in the long run because employer will eventually fire you when its convenient or raise the bar exponentially.
I got the whole "we pay you in experience" speech the last time I asked for bumping me up to market wages.
And at that meeting they will also have a list of things you "need to fix" before they can give you an increase. It's a no win scenario.
I hope you're looking elsewhere. If not, start today. I've never found a grocery store or a utility company that takes payment in experience.
@@SKBottom Maybe I should quit engineering and work at a grocery store.
@@benowens3938 I think you were trying to be clever, but in actuality, I'm pretty sure you also misunderstood me. If I was unclear, I'll take the blame for that. Let me be perfectly clear now.
I have never been able to pay any of my bills with this so-called experience. Just the way a working musician can't pay their bills with exposure. It takes money.
The more people I can see you having an honest conversation with, the more I will trust you. Thank you for your videos...
Don't ask for one. Just get another offer. You have negotiating power in that scenario. And do not let them ever know how much you make now nor let them know what you want until you get an offer. Always ask for more because you will be low balled.
I've dealt with this scenario a few times as a hiring manager and it's short term at best. Something like 80% of people who accept company counter offers leave within a year. I just don't see a way where that can be done internally and not permanently damage the employment relationship. I say this as someone who is chronically underpaid for my skillset and about to go through all of the scenarios possible in the video.
@@bobbyg15 Agreed, if a company refuses a raise it's cause they don't value the employee enough to believe they are worth it. Being backed into a corner with alternative job offer for a raise will not improve the company's opinion of that employee. It's never worth it just switch jobs
Make sure you have job offer from another employer in hand when you ask for that raise.
My God,your points are so thoughtful and brilliant,thanks for sharing this knowledge sir.really grateful.
Been working since the early 80s and up until the current job, only twice did I not get an annual increase. One had a pay/hiring freeze and the next year was given a 12% to make up for the freeze. The other year the boss was just plain greedy. Current job is 4 years with nothing, zero. I have considered asking but shouldn't need to ask for a raise. So a new job is lined up with a 30% hike.
I really appreciate this video, I was actually planning to ask for a raise on my current job due finding out Iâm being underpaid and my market value is far higher than Iâm earning.
The company itself reported high earning so I guess they can give me a proper raise.
Thank you so much for this video
Great Video!
I really like your videos, there's so much good info in alot of them. Myself I am paid very fair I would say and got very lucky in my career and my latest job and my salary is about 20% higher than collegues in different companies, some of them alot higher educated than I am in the same position and I think a big part of it is that I was prepared for the interview and I wasn't "needy" when I applied (I was ready to say no thank you to a counter-offer).
Edit: Asking for a raise at a company is a different thing of course than asking for salary at a new job, in average my salary have gone up about 7% per year before I switched to another company and then I got more than a 30% raise. Not only because of being well prepared but Im also well aware of the market and know industries have problems finding people for this specific job.
Do. Not. Ask. For. Raises. The only correct thing to do is switch companies.
I agree. If you do ask, they will immediately label you as a "loose cannon" and seek to replace you. Then you will have to look for a job whether you want to or not. Because you won't be working there for much longer.
Great video sir !!!
I once approached my boss's boss for a raise at a meeting for which I recruited my current boss and potential future boss as they not only would both benefit from my skills no matter who I reported to, but also knew my value. At that company people were traditionally stagnated at that position and I was paid above the pay grade for that position so raises were small if they happened. I had been at my same position getting pretty close to that 10 year mark.
I knew the boss's boss well and knew the answer would be "no". My objective was to get clear direction on what to do in the future to secure a significant raise (which would have almost certainly required a promotion). Therefore the reasoning behind bringing in the two people who would be most impacted by my role/duties at work moving forward. I didn't do the market research regarding my salary that I should have, but I doubted there would be any argument that I was worth more. Just an argument on how to document my increased worth to those above my boss's boss. (For which that research would have been useful.)
Didn't end well. Other than saying the stock answers I expected, boss's boss also criticized my boss and potential boss right in front of me for tasks not even related to my raise/promotion!
I later started looking at potential for careers outside my company and outside my current expertise (as I felt it would be less marketable and less fun in the future). Was able to pivot into another expertise/role at the same company with that coveted promotion above the stagnant one, and which enabled me to survive the ups and downs of my industry in a secure career which pays well vs staying in a job which is in little demand with a significant applicant pool of others who are obviously more qualified than I am.
It was also with the blessing of my boss's boss. He knew I would do well at that role and that he couldn't offer me anything better. I did go in on the weekend at least once to cover work that no one else could do until they had been sufficiently trained.
Failed at getting the raise. Succeeded at knowing the situation.
If you don't get a raise on of two things is happening. You have advanced in your skills and are worth more and can quit and get more elsewhere. Or you haven't advanced in your skills and ought to quit and learn elsewhere.
Well stated.
Love your stuff!! What about state government jobs. I would love to hear what your advice is about that.
Today the day.
I'm doing it!
I have been sleeping with my boss for almost a year, a benefit I never had before. Unless HR finds out and fires us, I don't intend to leave despite overwork and average pay.
Your video was very good, however in my experience, if you are asking for a raise you are already facing a losing proposition. (You should have already gotten one at this point if they value you at all.) I would estimate there is a 90% chance you will NOT get it. In addition, the company will be looking forward to replacing you immediately after your raise meeting, because they know you are going to leave. That means the clock is ticking the moment you walk out that meeting door. This is terrifying if you have no current job prospects. They can and probably will eliminate you within the week. The reason for this is they don't want you affecting morale with the rest of the employees. They are effectively getting rid of the "bad apple". I know it sounds like I am being negative, but I am not. I am being realistic. The successful company you are working for didn't get to where it is by paying their employees oodles of cash. They are smart and will save money where they can. If that means eliminating you, they will do that. No one is irreplaceable, no matter how much business knowledge you think you have. In addition, informing your boss ahead of time (before your meeting) is a really bad idea. That gives them ample time to make a case against you. And trust me, they will. They will point out all your flaws and then some, thus destroying your case right out of the gate. You will leave that meeting a trembling mess. Food for thought.
Fours years and zero raises. I strongly considered asking for a raise, but if there was one at all it would be in the 3% range and they are already 15% behind inflation alone. They have too much pride to pay someone their value, use people until they leave and thus have a revolving door. Found another job for 30% more with what seems to be a much better work environment.
Veeery good point., Exactly that. That's why you should look for another job. Then you can say - I have a better offer and I'm willing to take it as there's no point of me staying here and making less money (or something like that). If you don't get a raise, take the offer. That's why it's so crucial to be on the lookout for new opportunities.
Very over dramatic
Can't help but agree
âThey can and probably will eliminate you within the week.â For asking for a raise? Geez, there are some bad opinions on the internet.
It is a rarity to find a company outside of fast food or retail to give you a raise these days just because you requested it as most corporations give you a merit based increase every single year. You need to apply for a promotion within the company to get any type of a significant raise. In smaller companies you probably have no choice but to leave for another company to get a raise because smaller companies just don't have enough higher level positions open at any given time to move up into.
Don't beg your current employer for raises. If you want more money and you're sure of your skills find another job and ask them for what you want. You will always get a bigger raise by leaving and going somewhere else than staying and begging for scraps.
Good points here unless you work for a company under a union contract, then you only get raises when the contract says.
Try to jump companies every 3 to 5 years
Exactly. I did the math on my raises by switching companies. Over 8 years I've increased my income 337% from beginning to now. That NEVER would have happened if I stayed in one place.
At my last job after not having a raise for 3 years and then get a 50 cents almost a year later I asked for a raise. She said that she couldn't because he husbands business was doing bad. Not her business the business I worked in but his business not connected to her business at all. Meanwhile they were planning to treat their whole family for a big vacation. She always told me how valuable an employee I was . I started looking for work and stopped answering client phone calls after hours when I wasn't at work. Also I took all my vacation for the first time in 10 years. When I came back from vacation I left. Never lie about your finances to your in house accountant because we know if it's really greed or not
It's been my experience that "re visiting" in a few months is code for the next few months we are going to try and find a replacement. Asking for a raise make sure you offer a lot of value to your company because less than 2 percent of workers are irreplaceable.
I'm still figuring out how to ask for more money on contract. Granted I agreed to a certain amount of money for a certain amount of time, but at some point (especially with long-term contracts and inflation) that is worth a lot less than it was when I started.
I'm fairly sure you can't do anything until your contract is complete, but I'm not a laywer XD.
Next time you make this video - keep in mind all government salaries are a matter of public record, as well as the table of organization. If you work for a government organization, you can get detailed salary information for everyone in that organization by doing a public records request.
Could you make a video about asking for a raise when youâre still new? I regret not asking for more when I took my job and itâs very clear to me I deserved the higher end of the range but I didnât advocate for myself. I also know I can get into management within 1 - 1.5 years so I am also hesitant to try and push things when Iâm less than 6 months in.
easy answer. you don't. switch jobs and leverage your experience for a better salary in your new company
I'm struggling to figure out if I am underpaid for my role or if it's average. The problem is the job title I have doesn't match what the title seems to mean on the open market, and the next nearest one doesn't really work, either.
Since youâre a recruiter which trucking companies are offering the highest sign on bonuses during this great trucker shortage?
1. Get an offer from another company.
2. Let current employer counter offer..accept the counter.
3. Proceed with a new careful/diligent job search as you know from (1) above that you have game and can command a much higher salary.
4. Repeat step (2) until current employer throws in the towel and gives up.
Be aware of getting fucked with this strategy. I've seen companies play dumb and propose a counter offer. The employee accepted it, just to get fired a couple of weeks later, because in the background the company perceived him as a bad apple and started working on replacing him immediately after he asked for a raise.
No just means that they are not ready to just say yes, you gotta uncover what it is that makes them think no âit seems like you arenât fully on board, how can we work together to turn this around as a yes?â
Are those locations that have paid transparency acts so rare? How can we advocate for that in our area?
Because of this post, I also want to raise a request on tips to leave a job without another one lined up.
This is why every company should have a workers union.
Until the union becomes corrupted because the leadership gets too close to management.
Not all unions are good. In a lot of cases, they start working against the employees they claim to advocate for. It becomes a quasipolitical institution.
Just found out the guy they hired to replace me was started at $9/hr more than me. He left and the company is asking me to do my normal work on top of his work. So I told them pay me more than what he was making so I am waiting to hear back what they say. If they say no, then I will just say I will stay at my current part-time status but with a $4 an hour raise. If not to that, I am prepared to fight for my wage or be let go. I will not stay with a company that severely underpays me and doesn't value me. I have given them almost 8 years
Funny, half my department (including me) was told we would never get one because we only work when scheduled and refuse to work unplanned overtime days
Idk what Iâm worth but according to Glassdoor, Iâm making $20K under what I should be making. Iâm underpaid 28%. I asked for a raise with my boss, did my homework and everything. He agreed I should be paid more but said HR wonât approve so thereâs nothing I can do
I will shocked, if this video doesn't reach close to half a million views by the end of the month.
Step 1. Find a new job that pays more.
Step 2. Inform your company that you are quitting because they are a shitshow.
Step 3. Go through the entire process for the new job.
Step 4. After your company offers a match, decide to stay or go.
Step 5. Stay and regret the decision while wondering if the new job would be better.
Step 6. Continue to monitor the new job, and get ready to beg them to take you away.
That's what I did. I'm at step 6.
But it was a 25% raise to stay and I do as little as possible.
đđż
Donât forget MA, which I support, companies should be forced to disclose the pay range.
Great tips. I got a 7% raise only in December that was company wide, my one year is coming up and Iâm afraid to ask for another raise, I am well within my market range maybe even above, but I wanted to ask for a merit based raise in addition to this. Iâm afraid it will be insulting or reflect poorly on me, what are your thoughts?
Get what you deserve
Same situation for me been with company for year everyone got 4% across the board. But have a review coming up. How did it go for you if u asked for more?
@@dereks6458 I did ask for more in my review this past October, was told that I needed to talk to the director so I reached out to him and didnât get a response. Come December raises/bonuses, they let me know theyâre giving me 10% and a 2.5k bonus!! So 17% overall raises since starting less than 2 years ago is pretty decent.
I just got a raise along with a promotion (Level 1 engineer to Level 2 engineer, fairly routine once you hit the YOE requirement), but the raise was only 6%. That feels relatively low for a promotion raise, and I know for a fact I'm making the same salary as a friend of mine who hired into the same role 3 months ago, even though his 2 YOE we're in a different field and his job has less off hours demands (24 hour manufacturing).
Am I justified to think 6% feels low? Or am I just petty that they ignored my boss's recommendation and pay me the same as every other new level 2 engineer?
I know your comment is over a year old., but Iâd say to get promoted from a lv1 to a lv2 engineer, itâs about a 6-12% raise. Perhaps 8-15% from a lv2 to a lv3 (senior) role. I believe this is roughly the average. This is assuming the position offers yearly merit raises as well.
@@ginoariel8697 Thanks for the comment, still relevant. It's been a year and I just finished a Master's Degree, so I got promoted to lvl 3 engineer and got a 5% RAISE! The company did do a 10% COL adjustments about a year ago, but if that truly was just for COL, that shouldn't make my promotion smaller, right?
It all feels a bit like a scam. Because of annual benefit limits and the IRS tax limit, my "free" company covered degree actually cost me $7000, all my free time for 2 years, and all I got was a 5% raise.
Iâm not gonna sit there and beg for a raise. The most Iâll do is give them an opportunity before I leave. I just telling them planned or not that Iâm underpaid and itâs not working out for me.
I dislike when companies try to justify a large wage difference based on location and cost of living. Surely the job or set of tasks that are being done are the primary factors in what should be paid, not where you choose to live?
One thing the last two years has shown is that people are able to be just as productive from home as they are from an office. Therefore if I am being hired as a developer, who cares if I live in San Francisco, Thailand or Kenya. If my output or deliverable from Kenya would be the same as if I was living in the US then why should I not earn the same?
The thing is, if they didn't pay based on where you live, many people would be unable to pay their rent (cough cough NY cough cough) which means they would be homeless, which means they would be jobless. So employers really don't have a choice in this matter.
EDIT: That, and if you live outside they country the corporation operates, they may not HAVE to pay you as much, as diffrent countries have diffrent wage laws.
@@Ace-eu4ui Thanks for the reply Ace. To me the solution is to have a standard global rate of pay that is based on the job spec and set of tasks and deliverables required.
So if a specific job type/role offers USD80K per year, then it is offered to any employee regardless of their location. That may mean that people in expensive locations must live more modestly, while those in poorer locations can live like kings.
Employees can choose where to live and work, and it becomes their responsibility to choose a good combo of job type and location. But at least they have the piece of mind that they are not being underpaid for what they do.
Resume rocket fuel link doesn't work.
It's working for me. Maybe try a different browser? a-life-after-layoff.teachable.com/p/resumerocketfuel
The execs get the promotions/raises, you dont. I've had 3 assoc. Directors get promoted after being assigned to my team. No one on the team gets a thing. But they always have the nerve to thank us before leaving and say we can move up to.
Is this the same advice you would offer now? August 2023?
Do not beg for the raise, just switch the job...
You are only worth what someone is willing to pay you, if you feel underpaid put yourself on the open market and see what you are worth
Your incorrect, you are worth what youre willing to take...
Never ask for a raise. Switch jobs.
Go in and kick in your bosses door and knock all his stuff off his desk and demand a raise is how I did itâŠ. Iâm fired now
Nice
Donât ask for a raise -Rich Dad Poor Dad
As an employer, I personally usually don't give raise is because an employee is easily replaceable. People who bring continuous value for growth are always compensated well and looked after.
Whatâs your turnover rate?