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Speaker 1: Hi, I'm Britney Saunders and welcome to Big Business, the

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Speaker 1: place where business is far from boring, and you have

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Speaker 1: landed in a bonus episode. I bring these out every Wednesday,

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Speaker 1: just in case you didn't know. Main show is on Monday.

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Speaker 1: I've got producer Xander in the room again taking over

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Speaker 1: the pod once again, and we're just going to run

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Speaker 1: through some questions that have come through on my Big

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Speaker 1: Business Instagram account. If you're not following me on there, yeah,

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Speaker 1: I agree.

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Speaker 2: If you're not following me, like, what are you doing

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Speaker 2: Xander cross with a double R because someone took my name?

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Speaker 1: Go follow Xander.

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Speaker 2: You heard it here first?

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Speaker 1: All right? What questions have we got in my dms?

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Speaker 1: All right?

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Speaker 2: I love this one. This question is from Katie. Hey, Brittany,

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Speaker 2: I hope your Monday was fab. I'm making my way

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Speaker 2: through your podcast. Not sure if you've covered this yet,

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Speaker 2: but I just thought i'd ask. I would love to know,

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Speaker 2: as a business owner, what is the best way for

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Speaker 2: an employee to approach a pay rise. My bosses are

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Speaker 2: amazing and they treat us so well. We all love

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Speaker 2: working there, so I feel rude asking for a pay rise,

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Speaker 2: but with the cost of my life. It is needed

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Speaker 2: and I'm dreading it much.

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Speaker 1: Love well, Katie, thank you so much for sending this through.

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Speaker 1: And my first thought to that is, don't be scared

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Speaker 1: to ask for a pay rise. Now. I'm no professional

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Speaker 1: when it comes to this. I will absolutely give you

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Speaker 1: my advice. But I also did see something pop up

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Speaker 1: on Instagram Victoria Divine from She's on the Money. I

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Speaker 1: believe she has done a lot of content surrounding this,

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Speaker 1: like asking for pay rises in a more probably financially

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Speaker 1: literate kind of way, So I feel ready to check

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Speaker 1: out her content as well, because I know she's spoken

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Speaker 1: about this a lot. But I can obviously give you

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Speaker 1: my thoughts and answers to. My first thought is don't

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Speaker 1: be too scared. It is one of those tough and

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Speaker 1: awkward things. I think it is always awkward to talk

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Speaker 1: about money, and I think especially females struggle to talk

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Speaker 1: about money, like I guess the fact that women didn't

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Speaker 1: work not that long ago. What do you think if

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Speaker 1: I not in your head like that?

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Speaker 2: Zender? No, it is an interesting thing to think about

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Speaker 2: because employees have every right to ask for a pay

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Speaker 2: rise if they feel like it, If they feel like

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Speaker 2: they've put in the work. If they feel like they've

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Speaker 2: reached a point in their career where they think it's

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Speaker 2: time for their pay rise, they are entitled to that.

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Speaker 2: Asking for a pay raise for absolutely no reason and

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Speaker 2: anything behind it wouldn't recommend it. But things like cost

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Speaker 2: of living and things like inflation, those things do matter.

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Speaker 2: Employers should reflect that in how they're paying you when

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Speaker 2: those things happen. But on top of that, if you're

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Speaker 2: doing such amazing work within your company, yes, bring them

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Speaker 2: that information. Say this is X, Y and Z why

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Speaker 2: I think I deserve this pay rise, and none of

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Speaker 2: us should be scared.

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Speaker 1: Like I always say, Katie, you've got to have a

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Speaker 1: tough conversation to have an easy life. I always say,

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Speaker 1: hard conversations easy life. Easy conversations hard life. I always

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Speaker 1: say that, and I'm talking to business owners. But you

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Speaker 1: can apply that same saying to your life. If you

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Speaker 1: avoid having this hard conversation by you know, not asking

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Speaker 1: your bosses for a pay rights, then your life is

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Speaker 1: going to become a little more difficult because you need

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Speaker 1: that extra money. So my first piece of advice is

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Speaker 1: don't be scared to have the conversation. My second piece

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Speaker 1: of advice is write everything down before you're going to

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Speaker 1: go and ask your boss to have a meeting. Write

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Speaker 1: everything down. Write all the details of your employment. I

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Speaker 1: obviously don't know what job you're doing, but write down

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Speaker 1: all the details of your employment. How long have you

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Speaker 1: been working there, what have been some of your greatest

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Speaker 1: achievements there? Where do you see yourself going in the future,

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Speaker 1: especially if you're wanting to stay within this company, you

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Speaker 1: could maybe write down some of your future ideas for

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Speaker 1: the company. Do you see yourself progressing into a different

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Speaker 1: area of the business, or growing further in the role

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Speaker 1: that you're in, or stepping into more of a management role.

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Speaker 1: Like I obviously don't know all the infos, so I

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Speaker 1: can't help you exactly there. But write everything down. Write

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Speaker 1: all of your achievements down. Write the successes that you've

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Speaker 1: brought the company, little, small, It doesn't matter how big

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Speaker 1: or small they are, I think. Just write them all

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Speaker 1: down and come up with a plan and go to

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Speaker 1: your boss and say, i'd love to have a meeting

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Speaker 1: with you. I know, I can only imagine how awkward

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Speaker 1: it would feel for employees say that, though, Yeah, you

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Speaker 1: can say to your employer, this is an awkward conversation around,

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Speaker 1: a bit nervous, but yeah, you know upfront with you

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Speaker 1: and you've said in your message as well that your

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Speaker 1: bosses are awesome people and you love working there, So

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Speaker 1: I'm sure they are open to having these conversations with you,

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Speaker 1: and you can approach it on a human level, which

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Speaker 1: is how I like to approach running my business and

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Speaker 1: speak to them on that human level. Just go, hey,

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Speaker 1: I've put together some stuff. I'm going to run you

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Speaker 1: through it. And this is really awkward for me to say.

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Speaker 1: I know it feels uncomfortable, but I would like to

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Speaker 1: request a pay rise, and here are all the reasons

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Speaker 1: why I think you should give me one.

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Speaker 2: Don't just put in like the things you've achieved, put

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Speaker 2: in the value that you can continue to add, because

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Speaker 2: that's a big motivation for people to continue investing in you.

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Speaker 1: Absolutely give it all to them, give them all the information,

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Speaker 1: any goals that you have why you think this would

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Speaker 1: be great. You can tell them like, this is going

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Speaker 1: to benefit my life, like I'm falling behind on paying

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Speaker 1: my bills or whatever it may be. But then also

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Speaker 1: how it's going to benefit you in your role. It's

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Speaker 1: going to make you feel more motivated. It's going to

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Speaker 1: push you to go further and achieve more. Spill it

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Speaker 1: all out to them and just put it on the

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Speaker 1: table and see what they can come back with. You

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Speaker 1: will have to understand that a business can't really give

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Speaker 1: you a pay rise on the spot, and there might

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Speaker 1: be a bit of in the conversation like fantastic, this

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Speaker 1: is great, Like leave it with us. This is something

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Speaker 1: that then on their end, you know they're going to

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Speaker 1: have to go away and kind of look at can

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Speaker 1: we do this? Is it feasible? What can the pay

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Speaker 1: rise be? Even in your meeting with them, let them

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Speaker 1: know what you want to be paid. What is it?

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Speaker 1: Is it you know how much of an increase is

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Speaker 1: the pay They will most likely want to go away

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Speaker 1: and discuss it. Hell, they might even be like, yep, done,

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Speaker 1: Like I can't speak on behalf of your boss.

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Speaker 2: Always shoo a little bit higher. Yeah, just say say

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Speaker 2: if you want to two and a half k pay rise,

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Speaker 2: just say five, and then you might get the two

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Speaker 2: and a half k.

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Speaker 1: Xander, but I'm going to have fate employees lining up

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Speaker 1: out there or after putting this episode, I didn't say that,

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Speaker 1: but yeah, like put the offer on the table, let

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Speaker 1: them think about it if they need to, and just

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Speaker 1: approach it in the most human kind way possible. It's

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Speaker 1: it's always awkward for everyone, But what's the worst that's

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Speaker 1: going to happen. They're the worst. The worst thing that's

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Speaker 1: going to happen is they're going to say no, like

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Speaker 1: we don't have the finances to do this, or we

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Speaker 1: don't want to do this at this point. The really

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Speaker 1: tricky thing from a business standpoint, more so from I

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Speaker 1: guess from my perspective, is if you've got one employee

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Speaker 1: asking for a pay rise depending on what their role is.

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Speaker 1: Like the way our company structured is everyone's pay rates

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Speaker 1: are based off everyone else's. Okay, so the people over

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Speaker 1: here are on this, and then if they're up there,

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Speaker 1: they're on that, and if they're here there on that.

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Speaker 1: So then also by one person asking for a pay rise,

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Speaker 1: you may then have to restructure the way that you're

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Speaker 1: paying everyone else.

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Speaker 2: There is that difficult balance because I've worked in places

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Speaker 2: where they've openly said that everyone who is in this

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Speaker 2: role is paid the same. Yes, but then also how

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Speaker 2: do you manage when other employees in that same role

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Speaker 2: putting different amounts of effort or they're.

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Speaker 1: Adding different amounts and it can get really tricky.

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Speaker 2: Also, there's a modern day trend now where people are

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Speaker 2: encouraging each other to have very open and transparent conversations

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Speaker 2: about pay because there have been that.

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Speaker 1: There's times getting yeah, paid completely different but doing the

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Speaker 1: exact same role.

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Speaker 2: So it's really tough.

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Speaker 1: Yeah, it is. And I know a lot of workplaces

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Speaker 1: have had rules where employees are not allowed to discuss pay,

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Speaker 1: Like I know people have signed contracts, but that's illegal.

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Speaker 1: Companies can't tell you you can't discuss your pay with

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Speaker 1: your coworkers because things like that have happened where let's

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Speaker 1: say five people are doing the same job, exactly the

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Speaker 1: same job every single day, but one of them is

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Speaker 1: getting paid twenty grand a year more.

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Speaker 2: It's not an MDA.

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Speaker 1: Sometimes if someone's asking for a pay rise, you then

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Speaker 1: will have to look at everyone else in the company

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Speaker 1: or people around you. Because as for me, like we

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Speaker 1: want it to be as fair as possible, some people

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Speaker 1: don't care for it to be fair. But for us,

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Speaker 1: like the way everyone's paid, it's kind of all balances

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Speaker 1: out and everyone's getting paid fairly in their kind of area.

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Speaker 1: So that's another thing to keep in mind. If someone

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Speaker 1: was to come up to me and say, oh, I

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Speaker 1: want to pay rise, I'm all right, cool, leave it

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Speaker 1: with me, let me go and look, because then I'm

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Speaker 1: going to go look at everyone else's pay you know,

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Speaker 1: and make sure it's fair across the board, and not

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Speaker 1: just sure you can have it, because then I have

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Speaker 1: to think of everyone else as well. So it's something

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Speaker 1: else to keep in mind. But yeah, I guess, I

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Speaker 1: guess that's my advice. And for all of you business

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Speaker 1: owners out there, I've only ever had one person ask

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Speaker 1: me for a pay rise in the history of Fate,

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Speaker 1: and it was in the very early days of Fate,

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Speaker 1: and this person asked me via text. Yeah, that person

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Speaker 1: doesn't work with me anymore. That's the only time I

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Speaker 1: have ever had someone ask me for a pay rise.

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Speaker 1: And the reason for that is it's my responsibility as

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Speaker 1: a business owner to beat them to it. I beat

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Speaker 1: my staff to the pay rise. They don't ever have

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Speaker 1: to ask me, because I will put their pay up

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Speaker 1: without them even having to ask me. And that's Katie.

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Speaker 1: I would hope that your boss, you know, you say

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Speaker 1: they're amazing and you love working there. I hope that

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Speaker 1: they're recognizing that in their day to day life and

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Speaker 1: rewarding you for that. I'm not saying that they need

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Speaker 1: to be putting up you pay every three months or whatever,

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Speaker 1: but I do think that's the responsibility of the business

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Speaker 1: owner is to be able to see their staff working

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Speaker 1: so hard and doing an amazing job and rewarding them

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Speaker 1: for that, whether it's bonuses or an extra day off.

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Speaker 2: But you pay them not pizza lunches.

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Speaker 1: Hey, we love a pizza lunch at Fake but that's

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Speaker 1: not all they get. That's every now and then, little

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Speaker 1: fun treat. But you know, it's on the business owner's

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Speaker 1: side to be ahead of that because staff do feel

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Speaker 1: awkward about asking for pay rises. So that's my job

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Speaker 1: to recognize this person is due for a pay rise,

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Speaker 1: and then when we're having their review, or if I

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Speaker 1: just pull them aside randomly and say, hey, we have

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Speaker 1: looked at everything that you have been doing, I'm giving

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Speaker 1: you a pay rise. That's what we do at FATE

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Speaker 1: and that's why I've only ever had one person ask

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Speaker 1: me for a pay rise, and that was years and

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Speaker 1: years and years ago, because I fucking beat them to it. Katie,

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Speaker 1: thank you so much for sending this through. We were

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Speaker 1: going to answer lots of questions in this episode, but

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Speaker 1: I feel like this has taken up the whole bonus episode.

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Speaker 1: But Katie, absolutely go for it. Back yourself, write everything down,

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Speaker 1: be confident. And you've said that your bosses are awesome,

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Speaker 1: so I think they're only going to be hopefully willing

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Speaker 1: to meet you where you are and give you that

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Speaker 1: pay rise. And by the way, let us know how

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Speaker 1: you go. Send us a follow up to him and

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Speaker 1: let me know and then I can announce to everyone

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Speaker 1: if you've got the pay rise.

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Speaker 2: Also, anyone tell us your methods as well, Like I'd

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Speaker 2: love to hear how other people approach these types of conversations.

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Speaker 1: For sure, and it can be awkward, but trust me,

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Speaker 1: I say it all the time. Hard conversation, easy life,