Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.
Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
Speaker 1: the storytelling of you to make a difference for today
Speaker 1: and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money. She's on the Money.
Speaker 4: Hello, and welcome to She's on the My the podcast
Speaker 4: for millennials who want to financial freedom. Today is Friday,
Speaker 4: which means it's time to sit back with the girls
Speaker 4: with a bevy in hand, to unpack our favorite moments
Speaker 4: of the week and of course, to celebrate you are incredible.
Speaker 2: She's on the Money community.
Speaker 4: As always, we'll be sharing our favorite money wins, we'll
Speaker 4: be discussing what is making news in finance, and we'll
Speaker 4: be helping to answer a juicy money question, which this
Speaker 4: week is all about asking for a pay rise and
Speaker 4: exactly how to do it. But first it is time
Speaker 4: to recap the week that was. Jessica Ritchie, Hello, what
Speaker 4: happened on money Diaries this week?
Speaker 2: My girl?
Speaker 5: This week we had like a really good, I think
Speaker 5: solid diarist. So she was working really hard to educate
Speaker 5: herself around finances. Her husband was on this journey with her,
Speaker 5: which was really lovely to hear that they were doing
Speaker 5: it together and trying to, you know, just educate themselves.
Speaker 5: They have a young daughter and their end goal is
Speaker 5: that they want to invest so that they can educate
Speaker 5: her and allivate her future and kind of give her
Speaker 5: opportunities that maybe they didn't have, which I think, if
Speaker 5: you're a parent, is what all parents might absolutely for
Speaker 5: your kids to have the things that you didn't and
Speaker 5: for them the next generation to live a better life.
Speaker 5: So it was really wholesome, and you know, it was
Speaker 5: one of those diaries that I think a lot of
Speaker 5: people can relate to because a lot of us are
Speaker 5: on that journey currently still and so to hear that
Speaker 5: they were doing it and supporting each other and incredible
Speaker 5: improving for the future, you love to see it, and you
Speaker 5: love to see it. I think Jack We've also done
Speaker 5: an episode in the past about investing for your kids
Speaker 5: and how it works from like a tax perspective and
Speaker 5: all of that.
Speaker 4: So if you are someone who has a little bubba
Speaker 4: and you want the best for them and you want
Speaker 4: to try and invest, but you're not sure how to
Speaker 4: do it, scroll back that episode. Yes, also just diving
Speaker 4: in here. Victoria is not here.
Speaker 2: Probably knowledge that who needs it.
Speaker 4: It is just the two of us today because the
Speaker 4: big woman is hitting the slopes overseas.
Speaker 5: Yes, you do tell me all about Wednesday, George. Absolutely, girl.
Speaker 4: It was part two of our recession series, so exciting,
Speaker 4: but this time it was all about preparing your finances
Speaker 4: for a recession, which was really good. It was packed
Speaker 4: full of tips and I think personally for me it
Speaker 4: made me feel far less stressed. We talked about the
Speaker 4: many ways that the potential looming recession could impact us.
Speaker 4: So if you are worried, definitely have a listen. It
Speaker 4: will ease your fears. There's nothing to worry about.
Speaker 2: It's all going to be fine. Stressful at all, It's
Speaker 2: all fine. But the house is on fire.
Speaker 5: No, I feel like those episodes are really good, Like
Speaker 5: the two part is obviously. Last week we did part
Speaker 5: one where we discussed what is a recession? What does
Speaker 5: it look like now? The markers, all those kinds of things,
Speaker 5: and it's something that for people our age, if we
Speaker 5: lived through it, we were probably relatively young. Yeah, just because,
Speaker 5: and I say that very broadly, the average age is
Speaker 5: pretty close to ours, and so we might not have
Speaker 5: really understood the impacts of it. You don't understand something,
Speaker 5: it's really scary, exactly So. I think I reallyacked that
Speaker 5: that episode made me feel a little bit prepared, and
Speaker 5: you know, having tangible tips, and some of them might
Speaker 5: have seemed a little bit obvious, but I think when
Speaker 5: we panic, we forget our basics, and sometimes those basics
Speaker 5: are what give you, like a really solid grounding. So
Speaker 5: it was a really good episode and if anyone like
Speaker 5: me it's a little bit an anxious queen, hopefully you
Speaker 5: feel a bit better now.
Speaker 2: Exactly right.
Speaker 4: We also spoke about what to do with your debts,
Speaker 4: your job, your investments, So if you're worrying about all
Speaker 4: of those things, it's the place to go.
Speaker 5: Jess Oh, I love that all right. Well, have you
Speaker 5: got some budget direct money wins?
Speaker 1: There?
Speaker 2: George Gill, you know I do. I'm so excited.
Speaker 4: I got some wins, We've got some losses, We've got
Speaker 4: them all. The first win of the week it comes
Speaker 4: from Caitlin. Two money wins. I went on a pub
Speaker 4: crawl on Saturday and I still had cashim wallet when
Speaker 4: I got home.
Speaker 2: Gives that Caitlin.
Speaker 4: The second win for Caitlin is that a friend gave
Speaker 4: her a lift to the airport this morning, saving her
Speaker 4: a cab fair.
Speaker 2: That's huge. That's love friendship. Yeah, we love to see it.
Speaker 2: The next win it comes from Katie money win.
Speaker 4: I've moved to Canberra for UNI and found the rent
Speaker 4: is phenomenally expensive here. I was initially planning to pet
Speaker 4: sit for the first month, but I've lined up two
Speaker 4: more month long gigs and I'm considering pet sitting for
Speaker 4: as long as possible to save money while I study
Speaker 4: my Masters. Plus I get all the puppy cuddles none
Speaker 4: of the it bills.
Speaker 2: That's so good.
Speaker 5: I remember Emma from The Broke Gen who we Lave Queen.
Speaker 5: She used to pet see it a lot and I
Speaker 5: can't remember the name of it, but there's an app
Speaker 5: where you can literally find and actually Charlotte, who used
Speaker 5: to work for Zella did this and hope having fun
Speaker 5: over there, Queens.
Speaker 2: It's huge in Europe.
Speaker 5: But there's an app that you can use to find
Speaker 5: people who are looking for pet sitters and we'll give
Speaker 5: you bored in exchange. Oh crazy, I mean if you're
Speaker 5: a pet person. I remember for a while I couldn't
Speaker 5: have pets and I was like, I will cuddle someone's cabsolutely,
Speaker 5: give it to me, put it in front of me,
Speaker 5: and then you get bored as well.
Speaker 2: That's huge.
Speaker 4: Do you remember it was the app named mad Pause.
Speaker 4: I feel like it's rough from us to throw it
Speaker 4: out there and yeah, tell the girl.
Speaker 2: Yeah at mad Pause. I think it might have been
Speaker 2: mad Pause.
Speaker 5: Check it out friends, Yeah, if you need some made
Speaker 5: a round if you're in Canberra, give it a currently,
Speaker 5: it's working.
Speaker 2: Give it a go. The next thing it comes from
Speaker 2: Brianna Money.
Speaker 4: When I've been discussing a favorite wine with my coworkers
Speaker 4: and I looked it up to see that it was
Speaker 4: on sale at Dan Murphy's for fifteen dollars. I miss
Speaker 4: my partner to pick up a bottle for dinner while
Speaker 4: it was a good price, only for him to venture
Speaker 4: out and find Dan's had closed, so we headed to
Speaker 4: another store to find it on sale for five.
Speaker 2: Dollars a bottle. You're making money, Jess.
Speaker 4: Naturally he grabbed all seven bottles that were left on
Speaker 4: the shelf ten thirty dollars and we still can't believe
Speaker 4: our luck.
Speaker 2: Well it's on Brianna. That's a Naturally bottles. Yeah, they
Speaker 2: did the right thing.
Speaker 4: The next one comes from Jacinta money Win. I got
Speaker 4: myself a podcast mic at half the price, squeek, just Cinta.
Speaker 4: I wants what the potty is? Good luck with it.
Speaker 4: The next one comes from Madeline money Win with a
Speaker 4: question mark. I made a summary with my partner of
Speaker 4: all of our streaming services and monthly subscriptions, which was
Speaker 4: getting a little out of hand. We then went through
Speaker 4: and unsubscribed from most things we didn't need and combined
Speaker 4: the separate subscriptions. I was shocked, and now we are
Speaker 4: looking at saving over one point one k annually that
Speaker 4: we're not going to be spending on those services. That
Speaker 4: is going into our savings in stead. It's a great
Speaker 4: feeling getting it done. How Coul's that good? That's huge.
Speaker 2: It adds up. We don't think about it.
Speaker 5: That's how they get you sided play a month a
Speaker 5: hot deal.
Speaker 1: Yeah, and then over the course of your lifetime.
Speaker 2: Yeah.
Speaker 5: Six subscriptions to every platform streaming platform known to.
Speaker 4: Man, millions of dollars. Yepes down the drain. Well done
Speaker 4: to you, Madeline. The next week, it comes from Bethany
Speaker 4: money Win. I've unsubscribed from all the retail marketing emails
Speaker 4: I was receiving, including my favorite stores, and I haven't
Speaker 4: spent a cent on the after pay day sales.
Speaker 2: I've paid off.
Speaker 4: More of my after pay account and I pre ordered
Speaker 4: the new Investing with Shees on the Money Book for
Speaker 4: thirty three percent off on Amazon. Well, Bethany, we love it.
Speaker 4: When does that one come out?
Speaker 5: Joe September twenty thank you for supporting Holy Dooley. That
Speaker 5: is very really soon. And as we're recording this today,
Speaker 5: I believe it is still on sale on Amazon if
Speaker 5: anybody is looking to get your little nibby sack bargain
Speaker 5: exactly right.
Speaker 2: Beautiful the last one Jess for the day. I liked it.
Speaker 4: It's from Tish money Win. I found security cameras we
Speaker 4: really wanted for our house for three hundred forty nine
Speaker 4: dollars online. We went to Bunnings and they were four
Speaker 4: hundred and nine dollars, so I got them price matched
Speaker 4: to get the ten percent better deal. They came down
Speaker 4: to three hundred and fifteen dollars. What's Bunning's Bunnings is
Speaker 4: little slogan if you find it, and they do they
Speaker 4: really they do it. So well done to you, Bunnings World.
Speaker 4: Unto tish the marketing. That is all for the budget
Speaker 4: Director of Money Wins this week, My girl.
Speaker 5: Yes, it's been great celebrating your budget Direct Money Wins
Speaker 5: of the week. Budget Direct intureance solved.
Speaker 2: Let's head to a break.
Speaker 5: George, and then when we come back, I have got
Speaker 5: a really fun topic for us to chat about stunning
Speaker 5: see them or Brady George this week. It's not a
Speaker 5: news article. It's a little a little happening from the
Speaker 5: She's on the Money Instagram at Sees on the Money aus.
Speaker 5: If anyone followers, sure, come over. We have little spicy convos.
Speaker 5: We put up a post about income Gill and we
Speaker 5: basically it was just a question, We said, do you
Speaker 5: have income guilt? And in a caption we were talking
Speaker 5: about the fact and we have spoken about this on
Speaker 5: the pod before. How sometimes particularly women, When we're out
Speaker 5: earning our peers our partners, we feel a little bit guilty,
Speaker 5: which we should not. And so that was kind of
Speaker 5: where we thought the conversation was going to go. But interestingly,
Speaker 5: people were talking about it going the other way, which
Speaker 5: was something that I hadn't really considered. So, if you're
Speaker 5: not earning as much as your peers, feeling guilty about
Speaker 5: being behind or you know, not having reached, I guess
Speaker 5: your potential is what I saw someone see, which I
Speaker 5: thought was a really interesting concept to unpack because it
Speaker 5: seems like everybody's just feeling guilty.
Speaker 2: Yeah, and we shouldn't be. Yep.
Speaker 5: So I wanted to talk about the how and the
Speaker 5: why and you know, is this something you've ever experienced.
Speaker 4: George just I remember, I think we've spoken about this
Speaker 4: on the podcast before, and we were talking about feeling
Speaker 4: guilty or not really feeling guilty about out earning our partners.
Speaker 2: It's like were wrong and there was no guilt there really.
Speaker 4: But I think, yeah, I do kind of feel it
Speaker 4: to a point, probably from an under earning perspective. I
Speaker 4: think I'm like a quietly competitive person.
Speaker 2: Yeah, so there is.
Speaker 4: A little bit of that and I don't really know
Speaker 4: explicitly what my friends all earn. Yeah, but I think
Speaker 4: some of them are on a better wicket, and I
Speaker 4: am like, oh, I should be working harder, but there's
Speaker 4: also just no time. And even what I just said,
Speaker 4: I should be working harder, that's incorrect because.
Speaker 2: Hard work doesn't but it also doesn't.
Speaker 4: Equate to a higher salary necessarily or no, you know,
Speaker 4: more money that way. So what is it something that
Speaker 4: I struggle with? And I'm thinking that it's a very
Speaker 4: female thing. Once again, we feel guilty about most of
Speaker 4: the things that we do. J Rid, Is it something
Speaker 4: that you've struggled with?
Speaker 5: Yeah, I think it's interesting because it kind of relates
Speaker 5: back to I don't know fomo's the right word, but
Speaker 5: that concept that you're just never doing good enough. And
Speaker 5: I remember on a Friday Drinks episode not too long ago,
Speaker 5: sort of a money dilemma about goal setting and celebrating
Speaker 5: your little wins, And in that conversation I said that
Speaker 5: for me, achieving the goal is you know enough, but
Speaker 5: it's always kind of directly onto the next And I
Speaker 5: think a byproduct of that mindset is that you kind
Speaker 5: of am always chasing the next thing. And you're always
Speaker 5: trying to get to the next place, and so you're
Speaker 5: maybe not always feeling entirely fulfilled.
Speaker 2: She's getting very dark and deep. You know.
Speaker 5: It's that concept of oh, well, I've achieved this thing,
Speaker 5: I can do better. I can achieve something better and bigger.
Speaker 5: And absolutely, I think you know, in the industry that
Speaker 5: we're both working.
Speaker 2: We work in creative industries.
Speaker 5: You see people, you know, absolutely killing it and doing
Speaker 5: their own thing and making his money and traveling the
Speaker 5: world and doing all of these amazing things that we
Speaker 5: all would love to do, and you forget that there's
Speaker 5: probably someone looking at you going, oh my god, she's
Speaker 5: got it all. She's got to figure it out. And
Speaker 5: it's definitely a total trap that I'm very much guilty
Speaker 5: of falling into. And you know, salaries are part of
Speaker 5: that as well. I earn a good salary in my job.
Speaker 5: I also freelance as well. By all accounts, I feel
Speaker 5: like I'm doing pretty fine, but I definitely am always
Speaker 5: going I want to be investing more, or I want
Speaker 5: to be saving more, I want to be donating more,
Speaker 5: like I just want more, And it's so hard because
Speaker 5: then I feel guilty about not being happy with what
Speaker 5: I've got, So I'm guilty because I'm not earning enough,
Speaker 5: and then I'm guilty because I'm not satisfied, and it's
Speaker 5: just this big guilt shame spiral. Yeah, they can be
Speaker 5: a little bit harder to dig yourself out of sometimes, Yes, well.
Speaker 4: I think it's worthwhile reminding that that's capitalism, baby, Like,
Speaker 4: that's that's what we're living under, and it's it's pretty
Speaker 4: I don't know.
Speaker 2: It's gross or word.
Speaker 4: Yeah, Like, I think sometimes we do need to tap
Speaker 4: into why we're doing what we're doing. And I know
Speaker 4: a lot of us we're not working in careers that
Speaker 4: we love and we are just earning money to put
Speaker 4: food on the table. But it is it's worth reminding
Speaker 4: yourself that why do you want more? Do you more?
Speaker 2: Yeah?
Speaker 4: I know for me, like, over the last twelve months,
Speaker 4: I earned more money than I've ever earned with Hugo George.
Speaker 4: You don't really notice it because there's that lifestyle creep.
Speaker 4: You get taxed more when you earn more. The difference
Speaker 4: isn't that large, So I think it's also maybe worse
Speaker 4: reminding yourself of that as well. But yeah, it's just capitalism.
Speaker 2: It's it's really it is.
Speaker 5: It's awful and it's a really hard spot to find
Speaker 5: yourself in. And so for everyone who was, you know,
Speaker 5: joining the conversation on that post, first we thank you
Speaker 5: for being so candid. We're all right there with you,
Speaker 5: regardless of which end of the spectrum you're on. It
Speaker 5: seems like there are a lot of people that are
Speaker 5: feeling it just the same as you, and I would
Speaker 5: encourage you. And this is also a reminder to me to,
Speaker 5: you know, exercise a little gratitude.
Speaker 2: Not to say that.
Speaker 5: Anyone's being ungrateful, but I think sometimes taking stock and
Speaker 5: being like, wow, this year I earned more than I
Speaker 5: ever have. That's incredible, George, that's so exciting. And as
Speaker 5: much as we're trying to move on to the next
Speaker 5: thing and trying to always be better, and on some level, yes,
Speaker 5: that's important because that's how we improve ourselves. Also being
Speaker 5: thankful for what you've done and recognizing the hard work
Speaker 5: that you put in to get there, because you're just
Speaker 5: doing the best that you can exactly and that's amazing.
Speaker 2: Yeah.
Speaker 4: And another thing to add to that, Jess, I think
Speaker 4: would be asking yourself what your measure.
Speaker 2: Of success is. Is it the money that you're earning. Yeah,
Speaker 2: I know.
Speaker 4: For me, I've never met someone and been like, oh
Speaker 4: my god, that person earns three hundred grand a year.
Speaker 2: What a legend.
Speaker 4: Let's be friends. Like money does not come into the conversation.
Speaker 4: You're drawn to people's or are their energy, their personalities.
Speaker 4: It's like the least interesting thing about a person. Yeah,
Speaker 4: so yeah, I think probably questioning why you think money
Speaker 4: is the key to success. I mean traditionally it has
Speaker 4: been associated, of course, and it's so nice to be
Speaker 4: financially comfortable, But fleshing out what you think success is
Speaker 4: and what you value in other people is a really
Speaker 4: good way of understanding how to value yourself.
Speaker 2: I think one hundred percent well said.
Speaker 5: By are a therapist. Oh my goodness, Well, should we
Speaker 5: take a listen to the money dilemma for this week?
Speaker 4: Let's do it, Tom, Hi, there, have you got a
Speaker 4: money dilemma you just can't solve that. She's on the
Speaker 4: Money team is here to help. Every week we tackle
Speaker 4: your dilemmas, both big and small, to answer your most
Speaker 4: burning money, career and life questions. To get involved, simply
Speaker 4: head to our website and leave us a quick voice
Speaker 4: recording and you may just find yourself on the show. Now,
Speaker 4: let's take a listen to today's money dilemma.
Speaker 6: Hello, ladies. My money dilemma is, how is the best
Speaker 6: way to ask your employer about a pay increase? Cost
Speaker 6: of living is going up and I really want to
Speaker 6: have a sit down conversation.
Speaker 2: With my workplace.
Speaker 6: Trouble is, I work for disability company and they have
Speaker 6: told me in the past that I am being paid
Speaker 6: above what the normal award rate is for my position.
Speaker 6: So how do I go about checking to say if
Speaker 6: this is still applicable, if I can ask for an increase.
Speaker 6: I just really like some help and clarification around this issue. Thanks.
Speaker 5: Alrighty, We did touch on this in our how to
Speaker 5: Have Difficult Conversations with your Boss episode, but I really
Speaker 5: wanted to talk about the element of this dilemma, which
Speaker 5: was the award rate. Yes, which is a term that
Speaker 5: gets thrown around a lot, in my opinion, by employers,
Speaker 5: an award rate. If you're not familiar, most people fall
Speaker 5: into an award. Essentially, that's a category of employment. So
Speaker 5: there's a retail award, there's a building award, there's I'm
Speaker 5: going blank, but there's like a million and one. And
Speaker 5: if you want to figure out what award you're in,
Speaker 5: you can actually go to the Fairwork website and there's
Speaker 5: a questionnaire that will prompt you and find the correct one.
Speaker 5: An award outlines essentially what would you call it, like
Speaker 5: your rights as an employee, so ours worked because it
Speaker 5: can differ industry to industry. Penalty rates will very award
Speaker 5: to award as well. The only time an award is
Speaker 5: not applicable, I believe, and I'm not an expert, please
Speaker 5: with it is if you're on an enterprise agreement. And
Speaker 5: an enterprise agreement is an agreement that a company will
Speaker 5: sign and you essentially waive your award rights to fall
Speaker 5: under a new set of rules. And so it's a
Speaker 5: company wide thing. You would have to sign a document,
Speaker 5: it's a whole we thing. But generally speaking, a lot
Speaker 5: of people will fall into awards. And so this person's
Speaker 5: employer is saying, we're paying you the award rate, which
Speaker 5: is minimum wage for your job. So there's a national
Speaker 5: standard of minimum wage, but within different industries there's different expectations.
Speaker 5: So like you know, minimum wage for a teacher might
Speaker 5: differ for minimum wage for a retail worker, for example,
Speaker 5: and that's based on you know, skills and hours, and
Speaker 5: I don't know who comes up with these things. Somebody
Speaker 5: puts it all together and goes that sounds right. So
Speaker 5: when they're saying that we're paying you above award rate,
Speaker 5: they're essentially saying we're paying you.
Speaker 2: Above minimum wage.
Speaker 5: Now how much they're paying you above is really the question,
Speaker 5: because you could be paying me a dollar an hour. Yes,
Speaker 5: you're paying me above a ward it doesn't mean that
Speaker 5: you're paying me in line with what the industry standard
Speaker 5: currently is. And the award rates, I would argue, are
Speaker 5: definitely in a lot of cases not reflective of the market.
Speaker 5: Right now. We know, we've spoken about the fact that
Speaker 5: it's a candidate poor market. There's a still shortage and
Speaker 5: a lot of industries salaries need to increase to keep
Speaker 5: up with the rising cost of living, but the award
Speaker 5: rates haven't really shifted to significantly. In fact, in some
Speaker 5: industries like retail, they've removed penalty rates for like Sundays
Speaker 5: and stuff. You're joking, yeah, and I mean that happened
Speaker 5: a little while but that's not super recent. But when
Speaker 5: I was still working in retail, they were scaling it
Speaker 5: back so it used to be double and a half,
Speaker 5: then it went to double, then it went to you know,
Speaker 5: and it was like, over a few years it would
Speaker 5: steadily decrease until it was just flat across thought. And
Speaker 5: I wouldn't be surprised if other industries were the same.
Speaker 5: But for me, I feel like their employer is kind
Speaker 5: of using this as a bit of a crutch and saying, oh, well,
Speaker 5: we pay you more than what we have to. I'm
Speaker 5: a good guy exactly, and I don't necessarily know that
Speaker 5: that's the case. But what do you think, George, I
Speaker 5: feel like I'm just talking about No, I'm loving it.
Speaker 5: I agree with you, That's what I was going to say.
Speaker 5: I don't really care for the tone the employer here
Speaker 5: by saying we already pay you above the award rate.
Speaker 2: I don't like that.
Speaker 4: So in terms of going for a pay rise, I
Speaker 4: definitely start by asking them, so just take you up
Speaker 4: a meeting with your manager, have a chat about it.
Speaker 4: Bring that evidence. In terms of evidence, sorry, I mean
Speaker 4: like examples of you going above and beyond or doing
Speaker 4: things outside of your role description, so you can really
Speaker 4: show your manager that you deserve this pay rise. We're
Speaker 4: not just entitled to them because we want one. I
Speaker 4: tried that in the past, didn't go well.
Speaker 2: And it in tears for me. It's embarrassing.
Speaker 4: So come armed with your evidence, with your story, and
Speaker 4: if they don't go for it, I'd be prepared to
Speaker 4: walk away.
Speaker 5: Well, this is the thing, because I would argue that
Speaker 5: if you're saying that you want a salary increase, it's
Speaker 5: because of one of two reasons. It's because you feel
Speaker 5: like you're not being paid in line with other people
Speaker 5: doing the same thing, maybe you know, for other companies
Speaker 5: or in other industries. Or it's because you feel like
Speaker 5: you're going above and beyond in your role. And either way,
Speaker 5: they're very reasonable reasons to ask for an increase. And
Speaker 5: if it's the first one and you're looking at you know,
Speaker 5: Sally over here is doing the same job as you,
Speaker 5: and she's earning twenty k more a year for another company,
Speaker 5: Go work for Sally's company.
Speaker 4: Yeah.
Speaker 5: I actually think that there's a point at which you
Speaker 5: don't owe your employer anything.
Speaker 6: Yep.
Speaker 5: And I think as people sometimes we can get really
Speaker 5: caught up in loyalty and we can be ghastly a
Speaker 5: little bit into thinking you're not going to do better
Speaker 5: anywhere else, Like I look after you really well, and
Speaker 5: that's actually not true. If you have good skills, if
Speaker 5: you are a nice human being, there are other companies
Speaker 5: that will meet your expectations. And as employers, I think
Speaker 5: there's a responsibility on them to look after their staff
Speaker 5: because if you don't, ultimately you're putting yourself out because
Speaker 5: you're losing a good employee. And I can't remember what
Speaker 5: the number is, but I remember reading a stat about
Speaker 5: how much it costs an employer to replace an employee,
Speaker 5: and more often than not, it's more expensive than just
Speaker 5: giving them the pay rise. Yeah, because you have to hire,
Speaker 5: and you have to advertise, and you have to train,
Speaker 5: and it's a drain on resources in that sense. And
Speaker 5: so I think that if what you're asking for is reasonable,
Speaker 5: and I mean only you can really determine that, and
Speaker 5: if they're not prepared to meet it, then be prepared
Speaker 5: to go cards on the table, I'm going to go elsewhere.
Speaker 4: Yeah, yeah, you do. You need to understand your value.
Speaker 4: And as you said, it costs so much money for
Speaker 4: employers to employ new people, but you do. You need
Speaker 4: to think of yourself as like your own little business.
Speaker 2: Employers like their.
Speaker 4: Cutthroat They have to do what they have to do
Speaker 4: to keep their business afloat. I think it's helpful to
Speaker 4: kind of adopt that mindset from your own perspective, even
Speaker 4: if it does feel a little bit personal, it's not.
Speaker 4: It's business, baby. You've got to look after yourself because
Speaker 4: no one else will. And if you don't ask for this,
Speaker 4: parisee and it's not going to happen. So yeah, I
Speaker 4: would ask. And if they say no, walk away.
Speaker 5: Yeah, look around. There's nothing wrong with that. And yeah,
Speaker 5: no that we believe in you. We think you deserve.
Speaker 2: We believe in you big time.
Speaker 5: And if you need more tips and tricks, go back
Speaker 5: to that episode. And we've done a couple of others
Speaker 5: as well on negotiating. And there was an episode way
Speaker 5: back in season one called She Works Hearts for the
Speaker 5: Money that was specifically about payrisis, so incredible. Head to
Speaker 5: those for some extra tips. But I reckon that's about all.
Speaker 4: Your bloody love an episode with Jay Rock. It's always
Speaker 4: a pleasure sharing with you.
Speaker 2: Do we want some boring but importance to.
Speaker 5: Yeah, hit me with that.
Speaker 4: Alrighty guys, please remember that the advice shed on She's
Speaker 4: on the money is general in nature and does not
Speaker 4: consider your individual circumstances.
Speaker 2: She's on the money.
Speaker 4: Exists purely for educational purposes and should not be relied
Speaker 4: upon to make an investment or a financial decision. And
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Speaker 4: we will see you on Monday, team see you them, Bye, guys,