MBA1154 How to Handle a Request for a Raise

It’s gonna happen. As your business grows and your team members ponder their futures, they’ll want to know how much you value them. Like, exactly how much.

Whether you employ freelancers, full-timers, or contractors, shelling out the dough to keep the right people on board is a must. Of course, you have your whole business budget to consider, so how can you offer just compensation while keeping your books balanced? How can you avoid expensive turnover and expensive over-compensation?

You need a plan.

Well in advance of any raise requests, you need to have an established playbook for considering them. If you’re caught off guard, you may make the wrong decision — either paying too much, or losing an employee who was totally worth it. Today, we offer our system for evaluating and responding raise requests in a way that works for all parties concerned.

Remember: the cost of losing someone great can exceed the cost of keeping them. Click Play!


Stitcher | SoundCloud | Podcast Feed How To Subscribe

Give us a Rating & Review

Today's Sponsors


Running (or thinking about starting) a subscription box business? It's a huge trend these days, and for good reason. But you need someone to take care of all that recurring billing! Subbly is an awesome, bootstrapped company that makes recurring billing easy with gorgeous, customizable checkouts - plus great support. Get $10 off your first month at now!


Shopify wants to make sure you’re not alone in your entrepreneurial journey. Whether you’re well established or just getting started, Shopify can help you start, grow, and scale your business. From free training courses to award-winning 24/7 support, Shopify is here for you. Visit now for a 28 day free trial. But hurry! This offer expires February 28th, 2019.