the answer is probably still no even if you asked. unless you bring in another offer of increased pay. even then i would move on because depending on the company you might get the raise you wanted, but your boss may fire you a month later.
I asked in my previous job after working for them for five years. Answer was no, my answer to their answer was I gotta go. I landed a job that pays more than double and I’m travelling the world for work. As Long as you think you are ready for a pay raise or promotion, just ask. Your deserve what you deserve. :)
"My rent went up" is a bad argument, but "inflation" went up is not. I expect my salary to be on bar with at least the inflation, otherwise the company is paying me in real terms less than what I had agreed to when I first got hired
@@albion7186 I am a salaried person not hourly person. I have real education and real talent that my company needs. They don't want to reduce my hours, and it would cost them more to replace me. The video and hence my comment is not about hourly people who work in Mcdonlad's, with my due respect to those people.
Asking for a raise to offset inflation and rising expenses is a weak argument because these things are external to you and your work, and do not highlight why You, specifically, should get a raise. It's essentially arguing why everyone deserves a raise,... which is a different discussion. So it's not that this won't possibly be helpful, it's just a weaker argument than highlighting your contributions and expertise. At least that is my opinion. *Side-note: pay packages at larger companies often have cost of living salary wage increases of 2-3% each year to offset inflation, and this is not considered a raise, both strictly speaking and in reality when that extra 2% will not give you more relative buying power with things today costing on average 102% of what they cost last year. So, those exist totally separate from asking for an actual raise.
Even though I am too young for most of these tips and videos, I still come back every week! Maybe, by the time I am old enough, I will be ahead of the game and prepaird for some of the things life throws at me! Thanks Two Cents and Happy New Years!
That's exactly what I'm trying to do, I'm trying to learn more about real-life skills so I can be prepared to be a functioning adult. Granted I also know a bunch of other Random stuff not really applicable to real life, maybe I just like knowing things.
People being so secretive about their pay is ridiculous. Even in my career field, were I can literally look up someone's salary,people are secretive. Not only do I tell people, I tell them where they can look it up.
@@6lemans10 trust me it's not that bad, we get free food, free health and dental care, military discount in places, travel, and other stuff. I'm in Switzerland right now just on a little weekend vacation from my base in Germany
I remember when asking my boss about working remotely for an hour or two since I was working part-time while attending college. I got a BIG no. Then the pandemic came along, and lo and behold, I was working remotely and doing school at the same time. Sometimes what you ask comes out in a different style
I always ask for 7% or bring in other comparable job offers. If they say no; start applying. In this job market there or so many opportunities why waste it earning less. Plus as a mechanic switching garages only increases your knowledge. Which increases your value. Being versatile and working on many make and models plus the experience of working in different shop environment means you have a lot more to offer when applying to other jobs.
A job market with opportunities?! Where the hell do you live? With my 3 year university degre in server, network, IT and database management the only job i could find in france was fixing busted computers for junior high schools in paris subburbs (for close to the minimum wage of course) :/
@@Alystas Really? I don't have a uni degree just 5 years of work experience from IT (support L1/L2, some basic networking & server administration, friendly approach to the users and patience) and I could easily find a job without trying too hard (just publishing my CV on LinkedIn and offers came not only from Slovakia but countries as far as Netherlands and Finland) for starting salary of €1500 in my city (and it goes over €2000 easily once you know your stuff and even more if you decide to go abroad). But I guess unlike France cost of living here is significantly lower (like you can rent 45m2 2 room apt. for around 400-500 euros while in Paris it is 2-3 times more). Granted 3 years out of 5 I worked for a (local) minimum salary just to gain work experience so I could later land better job.
I was just thinking about this literally 2 minutes ago before I went on my 15 minute break. Decided to see what was going on, on RUclips and bam got this on my feed . I guess 2 cents read minds now 😱
I asked my boss for a raise when we were discussing my yearly increase. I felt justified being paid more as I was running 2 or 3 machines and helping everyone out with their problems. But I was told, "you're only paid to run 1 machine." At that point I stopped trying as hard thus losing the company more money than if they had just increased my wages secretly by a dollar an hour.
This can get tricky. I took on additional responsibilities so much so that I was informally called the head of my department BUT when I asked for more resources to keep the momentum going and have results keep coming in, I was denied point blank by my manager's manager (after hinting I should get a team few months ago). I asked for a raise and it was denied for budget constraints. I clearly was running the department, but they wanted me to burn myself instead of paying more or promoting me or getting resources. Naturally, I started cutting back and this created ripples across departments, manager's manager tried to force more work out of me, much more than employment contract and even to take responsibilities of other department but with no returns. I switched and now I got to know that department which I was running is down and out cold. It is crucial for people who manage talent to be mature and as fair as possible instead of trying out as much extraction of work as possible. This is why some employees work less while others are overloaded and people go to that overloaded one coz they know the work will be done. Identify such growth inhibitors early in your co. And move out in case of all work and no pay nor resources.
That's why you need to walk when it's clear logical raise for performance doesn't follow. If you are that good, move to a different place that will recognize you. Simple. Just don't burn a bridge when you go.
Ask yourself this: How much value does your knowledge and dedication cost? My supervisor has asked me to learn a job that is way harder than my current job but those people make $2.50 more an hour than me. So I told him: well, if I learn that job, would you increase my pay rate to $20 an hour. He said no because you won't be full time in that position. You will be covering people while they are on vacation. So I told him no. He asked me why. I told him because the more I learn, the more valuable I am for your department, so I won't give away my labor just to be nice. More headaches, more money.
Just Go North! 👏🏾👏🏾👏🏾 (thats a virtual applause) in an ideal world we would get paid our worth, buuut people like to take advantage and pay people less for more if they can get away with it🤦🏾♀️😒
For the past two years I always wanted to take more responsibilities even if that could mean that my salary will remain the same, because knowledge is king and you can bring that as leverage for your next job place. From my personal experience the biggest salary raise that you can get is by changing the company. Don't be afraid for the new responsibilities but enjoy them, in the end they will bring just joy.
Just Go North! You negotiate after you’ve learned the new skill. They are providing training. Before training you’re not worth much, after training you’re worth a lot more.
That was dumb. That company was going to make you more valuable for free and you said no. That was like applying for a job before going to school and since they told you no you didn't go to school.
@@lukedavis6711 Read again. I would be more valuable for the company at a lower cost. That job pays $20 an hour. I make $17.50. My raise would not go up at all. I would be filling in when my co-workers are on vacation, meaning, I would be doing the exact same job they do for 1 week making $17.50, not $20 per hour. If I learn more, I should get paid more money cause I am more available for the company. Being nice does not pay the bills.
i'm so glad you guys brought up alternatives to salary, most people never consider that, you have no idea how much money a company car for example can save you in expenses, no road taxes, no upfront investment, no responsibility for maintenance or unexpected breakdowns, and especially no administrative burden for you to keep up with.
Iskandar Sahih She opens her mouth... and has an intense discussion that leads to her ultimately getting what she wants. Snap back to reality, oh! It’s not actually that much...
The best time to negotiate your salary is during the interview or before you get the job, if you missed that it would be difficult to get a pay raise.. otherwise it could be better to change the company , most likely you will get better salary and a better position than begging your current boss for a salary increase
Loved this video! It would be great if you could cover more stuff like this! For example, a thing I'm always curious is, when changing jobs, how to address my salary expectations. Most times, in an interview, they ask "how much are you looking to be paid in this job position you're looking for?" How can you prove you are worth what you're asking for if you've never worked there before? How much is too much to ask in comparison to your previous job? Something else I think could be added to the subject is to know how long should you wait to ask for a raise? A year? Two years? KEEP UP THE EASY SHORT BUT FULL OF INFORMATION VIDEOS COMING!
I'm glad you are doing these types of videos too, definitely something I need help with. I hope you guys had a Happy New Year and I hope 2019 treats you well!
The best way to get more money is to find a new job. I am switching jobs just now and my salary increased by more than 20%. It would have taken years if I stayed at my current job to make that kind of money.
Love the videos. Just wanted to point out how messed up American work culture can be, that "taking a vacation" was listed as a reason to delay asking for a raise to "reestablish your reliability". I hope one day we move past that line of thinking.
Only issue is company loyalty realistically doesnt exist anymore, and ive known people who put in 5-10 years of hard work and still get paid less than a new hire, and in many cases when they quit theyre replaced a few days later with someone paid higher anyway. This is the unfortunate reality in the post-industrial world. Youre better off moving to a new job, and depending on where you live, good luck
I share my pay with people and discuss market standards. It was due to this that I got to know I'm being paid less. Going back to my manager, he informed me he had a tight budget and that it isn't revised often since the dept. Is not directly revenue facing so he had difficulties in raising budget in order to hire better talent or in other words, expect my pay to remain constant for coming years and I switched to a place which at least had prospects of financial growth which was zero there. Had I not had that discussion I would have remained clueless about what market is ready to pay me vs what I can earn by improving my work. But I also meet foolish people who hide pay. They evade conversations but obviously if they eavesdrop on such an important information they use it but this overhearing depends on luck. Ive seen most of these passive people stay stagnant in pay over the years while other people who discuss financial growth are active people who grow leaps and bounds. There is clear demarcation between these two groups, leave the passive group that prays for their bosses to give them a raise and mingle with the active group who try and make what they think they deserve. PEOPLE TALK ABOUT YOUR PAY, discuss what your acquaintances are getting paid, market standards - sulking alone in cubicles won't get you better earnings, hiding info won't get you better earnings. Knowledge is power. One employee can't stand up to an entire company, so speak up and discuss for collective benefit. Just dont get it, why people make it difficult for themselves to earn more.
I hope yall never break up because it would be devastating to my financial education 😭😭 Thank you guys so much for all the great videos and educational content
Well my responsibilities have significantly expanded and i got a new fancy license that allows me to do a lot more and my supervisor's response when i breached the topic, "our job isn't union so..." Yep
Watched this some time earlier because it was randomly in my recommendations. "Liked" it. Time later now I'm seeking out this video cuz its relavent. Wish I could "like" multiple times. Your video gives me a little more confidence!!
Ask yourself if you really deserve one. I had to ask twice and the second time was essentially and ultimatum. Only worked because I’m a golden boy. Never late, work extremely long hard hours and have a good attitude. I wouldn’t even think about asking unless you have those traits.
Love these videos. They are so fun to watch but actually helpful too. It is a little different when you work for yourself tho. How do you know when it's time to raise your rates or change from charging by the hour to by the service. How do you go about convincing your clients it is in their best interests to make this change? Is there room for a video about that? 🙃
Thank you for this video! I’m getting close to hitting my 1 year mark at my first job and I was thinking for asking for a raise. I think people don’t talk about topics like these enough. Thanks again.
I'm glad I found this channel! I'm ready to watch the upcoming Mutual Fund video! I never thought I'd be watching a PBS show/segment again. It's been a long time since I watched PBS as a child. You guys also make your videos fun and simple. Of course, not all examples in your videos are 100% accurate to the real world but, again they are just examples. Thank you so much and I hope you guys keep posting for years to come. 🎉😃
Ironically, before this video, I was watching another video on your channel about why women are better with money and that we deserve to be paid more. I do my job perfectly well but never had the courage to ask for a salary raise. Now, I'll climb up those stairs. Even if the answer's no! P. S. Your channel has been the best thing I discovered on RUclips last month.
In the military it is quite simple. Be proficient at your job, learn from the higher ups, perform the work and responsibility of the rank above you, don’t get in trouble and it will come naturally.
I never understood why people don't like talking about how much money they're making. I'm of the opinion that it's incredibly useful and valuable for everyone involved if you discuss your pay with people.
The moment I finished watching this video, I walked out of my room and into the hallway of my house and my Mom told me she got a raise. This is the SECOND time today a RUclips video has aligned with my life, I'm starting to think I live in the Matrix...
In the Netherlands we got a excel table for this. For every year you get a small raise(10 year max). And you can go to the next group if you get extra responsablity. Usaly there are like 20 groups. Group one is like cleaning job. 6 factory job start 8 collage start, university start at 11. And managers at 14. So you dont have talk about numbers. You can Just ask about going to the next salary group. Its still not easy to do, but it makes it a bit better
I have a situation specific question- my coworkers that are working on less demanding/qualified jobs inside the company(they are still working hard though) are paid more than me. I think it would be a good idea to say that im underpaid considering I have a more demanding job and bigger responsibility.
Could have added that your negociation power depends very strongly how high your position is in the first place. If you are some highly rated programmer or experienced economist that already makes money an increase will go much easier than if you are a part time frozen yogurt chef at which point you shouldnt even bother.
High school: ran and closed boss's flower shop by myself. When minimum wage was increased he told me "I don't have to pay you more because I'm a small business". Out of college: "it's great you have a degree that pertains to this job but we can't pay you for it". The only place that ever gave me raises only offered a barely living wage AFTER I put in my notice to quit because they gave me tiny raises that didn't make living in that city possible. The average person working service related jobs won't get reasonable raises regardless of their work ethic.
4:09 fyi don't say you deserve more money, rather say you have earned it and then back it up. Saying you deserve something can come off as entitlement.
Another benefit if they cant give you more $$: more vacation! Time is money. Negotiate that so you have time to think about you want to do in the future.
This channel has been very helpful for me. When and where I grew up, it was even more taboo to talk about your finances than your sex life. Needless to say, it has put me in a mountain of debt and trouble that I have been trying to climb out of for awhile now. I'm 24 years old, with $40,000+ in debt between hospital bills and my car note. All the while, my family expects me to be dating and buying a house, and getting married, because everyone else in my family was married and had kids and a house, by my age.
You get raises by getting another job not by asking your current boss for raises. Switching jobs and being a good negotiator allows you a 30-40% increase while a raise is only going to be about 5% max
Hello, I found this video helpful. Thank you! I'm a contract employee so there is a potential conversation I will need to have with my boss to stay full time. Do either of you have experience working as contract or temporary works? If so maybe you two could make a video on it. Thank you, Jake
This is informative ! But like my boss who is sitting in North America would not know what is going on in Asia! My Boss will always talk how much less money is available to keep everyone happy in the team! Nonetheless! Good Stuff ! Happy New Year.
I encourage other people in my position to look for a new job then once I’m one of the few it becomes much easier to get the raise I want, I’m making 60% more than I started at just a year and a half later with this strategy
When asking for a raise, print out the US inflation index. Point out that you don't want a raise, you simply want to get paid the same as you were 3 years ago, or however long its been. Argue that you've been working hard the last several years and don't deserve a pay decrease, which is essentially what you've gotten if you haven't got a raise that keeps up with inflation.
Step 1: actually be good at your job, step 2: be ready to leave if you are not being paid accordingly - it's as simple as that. There is always someone wiling to pay you what you are worth. Always! It takes most people to be middle aged to finally actually believe that and have the balls to walk. That is why moving companies is almost always going to get your pay to market value vs arguing with your current bosses with perfectly logical and factual arguments to prove you deserve to be paid market. And... Sometimes the change you really need is to be your own boss or switch careers.
Broke company wide records, Never missed a day for work, worked open-close shifts for three weeks straight. Asked for a raise of fifteen cents, got fired. These tips are amazing and well structured for the 50's. It's a whole new animal today, And automation is literally the go to for most companies. Even if you think building a house can't be automated, there are 3d house printers,Bipedal framing robots,sheetrock and insulation robots with laser accuracy that don't need worker compensation or healthcare packages. It has been here and it isn't going away.
The fact that you wanted a 15 cent raise says everything about you and your thinking. You literally went to your boss and wasted their time to ask for $300 more yearly. That’s the stupidest thing I’ve ever heard.
"If you don't ask, the answer is always 'no'."
That's so true.
Can I become your friend ?
No
Can I get less than a $10,000 raise or no raise at all within the next month?
Like my father always wisely says: "The "no" is always guaranteed".
the answer is probably still no even if you asked. unless you bring in another offer of increased pay. even then i would move on because depending on the company you might get the raise you wanted, but your boss may fire you a month later.
I asked in my previous job after working for them for five years. Answer was no, my answer to their answer was I gotta go. I landed a job that pays more than double and I’m travelling the world for work.
As Long as you think you are ready for a pay raise or promotion, just ask. Your deserve what you deserve. :)
Just curious, what do you do and in what city?
@@BabsW I was working in Singapore, my new work is in Australia. I'm in the export business.
Yes, it worked out great!
"My rent went up" is a bad argument, but "inflation" went up is not. I expect my salary to be on bar with at least the inflation, otherwise the company is paying me in real terms less than what I had agreed to when I first got hired
It's only the same when politicians decide to increase the minimum wage. Should they reduce your hours to keep their HR costs the same?
@@albion7186 I am a salaried person not hourly person. I have real education and real talent that my company needs. They don't want to reduce my hours, and it would cost them more to replace me. The video and hence my comment is not about hourly people who work in Mcdonlad's, with my due respect to those people.
@@lagflag admittedly, the video is probably more for workers who earn salaries and not hourly rates
Asking for a raise to offset inflation and rising expenses is a weak argument because these things are external to you and your work, and do not highlight why You, specifically, should get a raise. It's essentially arguing why everyone deserves a raise,... which is a different discussion. So it's not that this won't possibly be helpful, it's just a weaker argument than highlighting your contributions and expertise. At least that is my opinion. *Side-note: pay packages at larger companies often have cost of living salary wage increases of 2-3% each year to offset inflation, and this is not considered a raise, both strictly speaking and in reality when that extra 2% will not give you more relative buying power with things today costing on average 102% of what they cost last year. So, those exist totally separate from asking for an actual raise.
lagflag ahh they will say Oh Local products wont harm u blah blah blah
Thanks. I'm only 15 and learning so much from this channel!
I am 41 and this is teaching me. You will get a massive advantage in life if you put this information into action.
In real life, this doesn't work.
@@TheSushiandme why?
@@genroynoisis6980 companies are cheap
Wow, you'll gonna be financially literate when you grow up!
Even though I am too young for most of these tips and videos, I still come back every week! Maybe, by the time I am old enough, I will be ahead of the game and prepaird for some of the things life throws at me! Thanks Two Cents and Happy New Years!
Keep watching Ranger Ruby! You'll be ahead of the curve! -- Philip
Prepaid*
**prepared🤦🏾♀️
Don’t correct people’s spelling it’s rude
Not old enough for a job yet but I can't get enough of Two Cents! I hope to use your economic advice when I'm financially independent in the future :)
Never too early to prepare :)
Glad you're getting an early head-start Curious Cactus! - Philip
That's exactly what I'm trying to do, I'm trying to learn more about real-life skills so I can be prepared to be a functioning adult. Granted I also know a bunch of other Random stuff not really applicable to real life, maybe I just like knowing things.
Yeah I'm 15 and I love these videos
Me too i am almost 17
Can't spell 2019 without 2 , happy new year to the mustache !
It's the year of the mustache Faozi Djf! - Philip
Aww😊 ........Can’t spell any year in this current century without two actually. from the year 2000-2999.....ijs😂
@@leilanidru7506 😉
Never thought finance could be fun!
Shhh... don't tell anyone!
I first read "fiancée" and was ready to reply
Leonardo Bandeira hard luck
People being so secretive about their pay is ridiculous. Even in my career field, were I can literally look up someone's salary,people are secretive. Not only do I tell people, I tell them where they can look it up.
OmarRPG annual income and profession?
@@Dommy521 about $26,000 a year and I am an E-4/SPC in the the US Army. you can confirm this info on the goarmy website
That's poverty money!😒😤 I hope you move up thr ranks soon.👊
@@6lemans10 trust me it's not that bad, we get free food, free health and dental care, military discount in places, travel, and other stuff. I'm in Switzerland right now just on a little weekend vacation from my base in Germany
@OmarRPG I’m glad you stated the true facts. Most people tend to overlook that, and I don’t know exactly why that is.
I remember when asking my boss about working remotely for an hour or two since I was working part-time while attending college. I got a BIG no. Then the pandemic came along, and lo and behold, I was working remotely and doing school at the same time. Sometimes what you ask comes out in a different style
I always ask for 7% or bring in other comparable job offers. If they say no; start applying. In this job market there or so many opportunities why waste it earning less. Plus as a mechanic switching garages only increases your knowledge. Which increases your value. Being versatile and working on many make and models plus the experience of working in different shop environment means you have a lot more to offer when applying to other jobs.
A job market with opportunities?! Where the hell do you live? With my 3 year university degre in server, network, IT and database management the only job i could find in france was fixing busted computers for junior high schools in paris subburbs (for close to the minimum wage of course) :/
@@Alystas Really? I don't have a uni degree just 5 years of work experience from IT (support L1/L2, some basic networking & server administration, friendly approach to the users and patience) and I could easily find a job without trying too hard (just publishing my CV on LinkedIn and offers came not only from Slovakia but countries as far as Netherlands and Finland) for starting salary of €1500 in my city (and it goes over €2000 easily once you know your stuff and even more if you decide to go abroad). But I guess unlike France cost of living here is significantly lower (like you can rent 45m2 2 room apt. for around 400-500 euros while in Paris it is 2-3 times more).
Granted 3 years out of 5 I worked for a (local) minimum salary just to gain work experience so I could later land better job.
@@NuSpirit_ You got IT job offers in Finland??
Well done, most Finnish people I know in the field have struggled since Nokia effectively went bust
@@Alystas question do you have certs? Cause if not then that might be the reason why getting a job in IT is so hard for you
I was just thinking about this literally 2 minutes ago before I went on my 15 minute break. Decided to see what was going on, on RUclips and bam got this on my feed . I guess 2 cents read minds now 😱
I asked my boss for a raise when we were discussing my yearly increase. I felt justified being paid more as I was running 2 or 3 machines and helping everyone out with their problems. But I was told, "you're only paid to run 1 machine." At that point I stopped trying as hard thus losing the company more money than if they had just increased my wages secretly by a dollar an hour.
This can get tricky. I took on additional responsibilities so much so that I was informally called the head of my department BUT when I asked for more resources to keep the momentum going and have results keep coming in, I was denied point blank by my manager's manager (after hinting I should get a team few months ago). I asked for a raise and it was denied for budget constraints. I clearly was running the department, but they wanted me to burn myself instead of paying more or promoting me or getting resources. Naturally, I started cutting back and this created ripples across departments, manager's manager tried to force more work out of me, much more than employment contract and even to take responsibilities of other department but with no returns. I switched and now I got to know that department which I was running is down and out cold.
It is crucial for people who manage talent to be mature and as fair as possible instead of trying out as much extraction of work as possible. This is why some employees work less while others are overloaded and people go to that overloaded one coz they know the work will be done. Identify such growth inhibitors early in your co. And move out in case of all work and no pay nor resources.
That's why you need to walk when it's clear logical raise for performance doesn't follow. If you are that good, move to a different place that will recognize you. Simple. Just don't burn a bridge when you go.
Ask yourself this: How much value does your knowledge and dedication cost? My supervisor has asked me to learn a job that is way harder than my current job but those people make $2.50 more an hour than me. So I told him: well, if I learn that job, would you increase my pay rate to $20 an hour. He said no because you won't be full time in that position. You will be covering people while they are on vacation. So I told him no. He asked me why. I told him because the more I learn, the more valuable I am for your department, so I won't give away my labor just to be nice. More headaches, more money.
Just Go North! 👏🏾👏🏾👏🏾 (thats a virtual applause) in an ideal world we would get paid our worth, buuut people like to take advantage and pay people less for more if they can get away with it🤦🏾♀️😒
For the past two years I always wanted to take more responsibilities even if that could mean that my salary will remain the same, because knowledge is king and you can bring that as leverage for your next job place. From my personal experience the biggest salary raise that you can get is by changing the company. Don't be afraid for the new responsibilities but enjoy them, in the end they will bring just joy.
Just Go North! You negotiate after you’ve learned the new skill. They are providing training. Before training you’re not worth much, after training you’re worth a lot more.
That was dumb. That company was going to make you more valuable for free and you said no. That was like applying for a job before going to school and since they told you no you didn't go to school.
@@lukedavis6711 Read again. I would be more valuable for the company at a lower cost. That job pays $20 an hour. I make $17.50. My raise would not go up at all. I would be filling in when my co-workers are on vacation, meaning, I would be doing the exact same job they do for 1 week making $17.50, not $20 per hour. If I learn more, I should get paid more money cause I am more available for the company. Being nice does not pay the bills.
Great content as usual.
i'm so glad you guys brought up alternatives to salary, most people never consider that, you have no idea how much money a company car for example can save you in expenses, no road taxes, no upfront investment, no responsibility for maintenance or unexpected breakdowns, and especially no administrative burden for you to keep up with.
And I value your two cents! Happy New Year!
Her palms are sweaty, knees weak, arms are heavy
She's got to sell her mom's spaghetti
There's vomit on her sweater already.
SNAP!
mom's spagh-- nevermind
Iskandar Sahih She opens her mouth... and has an intense discussion that leads to her ultimately getting what she wants.
Snap back to reality, oh!
It’s not actually that much...
Always be an advocate for yourself, because no one else will.
The truest statement on the internet.
The best time to negotiate your salary is during the interview or before you get the job, if you missed that it would be difficult to get a pay raise.. otherwise it could be better to change the company , most likely you will get better salary and a better position than begging your current boss for a salary increase
*I love how diverse the animated People are in these videos.* 👏🏿
Yay! I'm glad! : )
This channel is GOLD
Loved this video! It would be great if you could cover more stuff like this! For example, a thing I'm always curious is, when changing jobs, how to address my salary expectations. Most times, in an interview, they ask "how much are you looking to be paid in this job position you're looking for?" How can you prove you are worth what you're asking for if you've never worked there before? How much is too much to ask in comparison to your previous job?
Something else I think could be added to the subject is to know how long should you wait to ask for a raise? A year? Two years?
KEEP UP THE EASY SHORT BUT FULL OF INFORMATION VIDEOS COMING!
Things no one teaches you but are most valuable out there! Thank you Two Cents
I'm glad you are doing these types of videos too, definitely something I need help with.
I hope you guys had a Happy New Year and I hope 2019 treats you well!
It's a tough subject and hard for all of us Barris. Great to see you in 2019, Barris!
Wow! My current goal is to have a dinner and long lasting conversation with Two Cents!
What's on the menu...?
Let me know where you find that. I wish I could save that much money on a night out.
@@TwoCentsPBS YESS So, the menu includes Albino Caviar, Cemani Black Chicken and lots of words exchange, RSVP.
The best way to get more money is to find a new job. I am switching jobs just now and my salary increased by more than 20%. It would have taken years if I stayed at my current job to make that kind of money.
For my job I'm lucky enough to get regular pay increase. But the info here is so good. This channel is such a blessing!
Happy new year to you guys 🎉🎈
Happy New year -- so good to see you again in the fresh new year!
Love the videos. Just wanted to point out how messed up American work culture can be, that "taking a vacation" was listed as a reason to delay asking for a raise to "reestablish your reliability". I hope one day we move past that line of thinking.
Only issue is company loyalty realistically doesnt exist anymore, and ive known people who put in 5-10 years of hard work and still get paid less than a new hire, and in many cases when they quit theyre replaced a few days later with someone paid higher anyway. This is the unfortunate reality in the post-industrial world. Youre better off moving to a new job, and depending on where you live, good luck
I share my pay with people and discuss market standards. It was due to this that I got to know I'm being paid less. Going back to my manager, he informed me he had a tight budget and that it isn't revised often since the dept. Is not directly revenue facing so he had difficulties in raising budget in order to hire better talent or in other words, expect my pay to remain constant for coming years and I switched to a place which at least had prospects of financial growth which was zero there. Had I not had that discussion I would have remained clueless about what market is ready to pay me vs what I can earn by improving my work. But I also meet foolish people who hide pay. They evade conversations but obviously if they eavesdrop on such an important information they use it but this overhearing depends on luck. Ive seen most of these passive people stay stagnant in pay over the years while other people who discuss financial growth are active people who grow leaps and bounds. There is clear demarcation between these two groups, leave the passive group that prays for their bosses to give them a raise and mingle with the active group who try and make what they think they deserve.
PEOPLE TALK ABOUT YOUR PAY, discuss what your acquaintances are getting paid, market standards - sulking alone in cubicles won't get you better earnings, hiding info won't get you better earnings. Knowledge is power. One employee can't stand up to an entire company, so speak up and discuss for collective benefit. Just dont get it, why people make it difficult for themselves to earn more.
"If you don´t ask the answer is always no", a simple and yet great phrase to see in perspective things. Happy 2019!
Good advice. I've recently read that it's a lot easier to get an increase in wages by just changing companies. What is your take on that?
I hope yall never break up because it would be devastating to my financial education 😭😭 Thank you guys so much for all the great videos and educational content
I was dilemma about this. Now you guys helped me to get a clear picture. Thanks guys
Well my responsibilities have significantly expanded and i got a new fancy license that allows me to do a lot more and my supervisor's response when i breached the topic, "our job isn't union so..." Yep
Watched this some time earlier because it was randomly in my recommendations. "Liked" it. Time later now I'm seeking out this video cuz its relavent. Wish I could "like" multiple times. Your video gives me a little more confidence!!
You really blew up, when i subscribed to you, you had 2k, you deserve 100 million
Ask yourself if you really deserve one. I had to ask twice and the second time was essentially and ultimatum. Only worked because I’m a golden boy. Never late, work extremely long hard hours and have a good attitude. I wouldn’t even think about asking unless you have those traits.
This channel should get more than a million subscribers.. Well presented content...
Love these videos. They are so fun to watch but actually helpful too. It is a little different when you work for yourself tho. How do you know when it's time to raise your rates or change from charging by the hour to by the service. How do you go about convincing your clients it is in their best interests to make this change? Is there room for a video about that? 🙃
oh god! THANK YOU! I'm going to have to do this in two months and you have helped me avoid some major pitfalls already! wonderful timing!
Wow this is better than what they teach us at school
You guys are just awesome. I wish this was part of the public school curriculum.
These tips will help in any argument not only in pay raise! Thanks!
Why doesn't this channel have millions of subscribers already? Very useful video, thanks!
Thank you for this video! I’m getting close to hitting my 1 year mark at my first job and I was thinking for asking for a raise. I think people don’t talk about topics like these enough. Thanks again.
I would love to see an updated version of this video
I'm glad I found this channel! I'm ready to watch the upcoming Mutual Fund video! I never thought I'd be watching a PBS show/segment again. It's been a long time since I watched PBS as a child. You guys also make your videos fun and simple. Of course, not all examples in your videos are 100% accurate to the real world but, again they are just examples. Thank you so much and I hope you guys keep posting for years to come. 🎉😃
Also, it's good to remember that if your income isn't rising with inflation (~2%/yr in the US), your compensation is effectively going down
This works in certain sectors, but not all. Some government jobs dont work this way. And in manufacturing, there is a scale and that is it.
Quickly turning into my favorite channel
Ironically, before this video, I was watching another video on your channel about why women are better with money and that we deserve to be paid more. I do my job perfectly well but never had the courage to ask for a salary raise. Now, I'll climb up those stairs. Even if the answer's no!
P. S. Your channel has been the best thing I discovered on RUclips last month.
im feeling in current times its better to get a raise from another job. too much "justifying" of raise.
You guys nailed this one!
hope you both got a pay raise after releasing this video
Wooo!
Another video
Keep these coming.. Don't stop. I love all your videos!!
your channel was really awesome...love from INDIA
Damn this channel is really blowing up! I remember when you guys had hardly any subs! Keep it up!
I had learned this the hard way through experience with trial and error, and this advice is definitely spot on
I love these two beautiful people.
Thank you so much ..I am learning so much from you two..please keep on giving us such great content❤❤❤❤❤
In the military it is quite simple. Be proficient at your job, learn from the higher ups, perform the work and responsibility of the rank above you, don’t get in trouble and it will come naturally.
I never understood why people don't like talking about how much money they're making. I'm of the opinion that it's incredibly useful and valuable for everyone involved if you discuss your pay with people.
The moment I finished watching this video, I walked out of my room and into the hallway of my house and my Mom told me she got a raise. This is the SECOND time today a RUclips video has aligned with my life, I'm starting to think I live in the Matrix...
In the Netherlands we got a excel table for this. For every year you get a small raise(10 year max). And you can go to the next group if you get extra responsablity. Usaly there are like 20 groups. Group one is like cleaning job. 6 factory job start 8 collage start, university start at 11. And managers at 14. So you dont have talk about numbers. You can Just ask about going to the next salary group. Its still not easy to do, but it makes it a bit better
I have a situation specific question- my coworkers that are working on less demanding/qualified jobs inside the company(they are still working hard though) are paid more than me.
I think it would be a good idea to say that im underpaid considering I have a more demanding job and bigger responsibility.
LOVE this channel
These guys... ROCK !
this channel taught me stuff i didnt even think id ever worry about
I can't wait for all of your 2019 videos!
Could have added that your negociation power depends very strongly how high your position is in the first place.
If you are some highly rated programmer or experienced economist that already makes money an increase will go much easier than if you are a part time frozen yogurt chef at which point you shouldnt even bother.
Do 'The real cost of having kids'!
Happy new year two cents. Great job. Love your videos. Thanks.
PBS at its best!
High school: ran and closed boss's flower shop by myself. When minimum wage was increased he told me "I don't have to pay you more because I'm a small business".
Out of college: "it's great you have a degree that pertains to this job but we can't pay you for it". The only place that ever gave me raises only offered a barely living wage AFTER I put in my notice to quit because they gave me tiny raises that didn't make living in that city possible. The average person working service related jobs won't get reasonable raises regardless of their work ethic.
Thanks guys, this is what i want to hear right now.
4:09 fyi don't say you deserve more money, rather say you have earned it and then back it up. Saying you deserve something can come off as entitlement.
I would argue that bringing up your coworkers pay is valid as long as your productivity is comparable
And also have backup offers to use too. Climbing the corporate ladder is largely a lie
Another benefit if they cant give you more $$: more vacation! Time is money. Negotiate that so you have time to think about you want to do in the future.
This channel has been very helpful for me. When and where I grew up, it was even more taboo to talk about your finances than your sex life. Needless to say, it has put me in a mountain of debt and trouble that I have been trying to climb out of for awhile now.
I'm 24 years old, with $40,000+ in debt between hospital bills and my car note. All the while, my family expects me to be dating and buying a house, and getting married, because everyone else in my family was married and had kids and a house, by my age.
Love the channel. Only channel I immediately click on to watch content.
Very good advice, thank you
U guys look great together..
I love your videos!! You two are so cute together!
Spot on video! Really well delivered. Keep up the good work!
Agree with all of this. Don’t forget, vacation days are also always negotiable. Time is money! 😊
You get raises by getting another job not by asking your current boss for raises. Switching jobs and being a good negotiator allows you a 30-40% increase while a raise is only going to be about 5% max
This is great info and a tabuu subject to discuss in our culture! Thank you for giving us a bit of your wisdom! 😊
Hello,
I found this video helpful. Thank you!
I'm a contract employee so there is a potential conversation I will need to have with my boss to stay full time. Do either of you have experience working as contract or temporary works? If so maybe you two could make a video on it.
Thank you,
Jake
Thank you for another great video! Your channel has some of the most informative and well produced content on RUclips. Happy new year to you both.
I love this channel!
This is informative !
But like my boss who is sitting in North America would not know what is going on in Asia! My Boss will always talk how much less money is available to keep everyone happy in the team!
Nonetheless! Good Stuff ! Happy New Year.
I encourage other people in my position to look for a new job then once I’m one of the few it becomes much easier to get the raise I want, I’m making 60% more than I started at just a year and a half later with this strategy
When asking for a raise, print out the US inflation index. Point out that you don't want a raise, you simply want to get paid the same as you were 3 years ago, or however long its been. Argue that you've been working hard the last several years and don't deserve a pay decrease, which is essentially what you've gotten if you haven't got a raise that keeps up with inflation.
Step 1: actually be good at your job, step 2: be ready to leave if you are not being paid accordingly - it's as simple as that. There is always someone wiling to pay you what you are worth. Always! It takes most people to be middle aged to finally actually believe that and have the balls to walk. That is why moving companies is almost always going to get your pay to market value vs arguing with your current bosses with perfectly logical and factual arguments to prove you deserve to be paid market. And... Sometimes the change you really need is to be your own boss or switch careers.
Ask and thou shall receive
Awesome as always!
Broke company wide records, Never missed a day for work, worked open-close shifts for three weeks straight. Asked for a raise of fifteen cents, got fired. These tips are amazing and well structured for the 50's. It's a whole new animal today, And automation is literally the go to for most companies. Even if you think building a house can't be automated, there are 3d house printers,Bipedal framing robots,sheetrock and insulation robots with laser accuracy that don't need worker compensation or healthcare packages. It has been here and it isn't going away.
Which industry were you in?
The fact that you wanted a 15 cent raise says everything about you and your thinking. You literally went to your boss and wasted their time to ask for $300 more yearly. That’s the stupidest thing I’ve ever heard.
A primo video to kick off the new year with.