My Employees Aren’t Happy With Their Raises

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. I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right alongside you. I do this stuff every day. If you have a question that you want to ask on the show, fill out the form on entreeleadership.com slash ask or call and leave us a voicemail at 844-944-1070 and we will make you a caller on the show. That's 844-944-1070.

Blake is in Lincoln, Nebraska to start this hour off. Hey Blake, what's up? Hey Dave, thanks for taking my call. Sure, man. How can I help?

I'm the controller of a physical security company in Lincoln, Nebraska. We have about 100 employees, and my question is around annual pay raises. We currently offer about a 2% or a 2% cost of living adjustment each year for every employee and then up to an additional 3% for merit or performance base increase. The issue I think we're running into is we really haven't clearly uh identified or defined what a 1%, 2, or 3% merit increase would look like. So when an employee gets less than 3%, they take it as they aren't doing a good job or we don't value their contributions.

We already have this episode, so unlocking it is cheap and permanent: the full transcript (55 minutes, 9,825 words), segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.

No account needed, we create one from your checkout email. With credits it is 1 credit; packs start at 5 episodes for $3.49, and monthly plans are cheaper still.