Financial Fitness with Alan Akina - Getting a Pay Raise

19 Oct 2011 · 2 min

Watch on YouTube

2:02

In this segment of the "Wake Up Today / Financial Fitness" show, Alan Akina delivers a concise, six‑point framework for employees who want to secure a salary increase in a challenging economic climate. He emphasizes that simply begging for more money is ineffective and instead outlines actionable behaviors: (1) cultivate likability so coworkers and managers enjoy working with you; (2) demonstrate trustworthiness through punctuality, initiative, honesty, and delivering on promises; (3) add massive value by offering solutions rather than just identifying problems; (4) practice patience, allowing at least six months of consistent performance before requesting a raise; (5) set realistic expectations by researching industry salary benchmarks; and (6) actually ask for the raise, preparing a pitch that highlights how your contributions benefit the company rather than focusing on personal need. The segment closes with a reminder to rehearse the pitch and a friendly sign‑off. The hosts echo the advice, confirming its usefulness.

Chapters

Well, how to make more money.
Alan Akina has some tips for getting a pay raise. That's in today's Financial Fitness Report.
Good morning, gang. We all would love to get a pay raise, but in today's tough economy, getting a raise is harder than ever before. Begging your boss and saying, please, please, please give me more money, is not the way to do it. So here are 6 tips to boost your chances of getting a pay raise. First, you must have the likability factor. People want to work with those that they can get along with. No one likes working with a crybaby or a negative person. Second, be trustworthy. In business, trust is everything, so prove that you are trustworthy in every sense. Be on time, take initiative, and be honest. And absolutely do everything you promise to do at work. Third, add massive value to your organization or company. Bosses like to be offered solutions to problems, not just be told of the problems. Help your coworkers and your boss to be more successful, and you're going to be remembered for it. Fourth, be patient. Don't expect to get a raise next week. You have to be consistent at these tips for at least 6 months. Fifth, know what you want, but be realistic. I suggest that you research industry standard pay scales to get a starting point. And 6, just ask. Be bold and brave and ask. If you never ask, you'll never give yourself the opportunity. Now I suggest practicing your pitch several times before you meet with your boss. Don't concentrate your pitch on why you need a raise. Concentrate on how the company benefits by your contributions. For Wake Up Today, I'm Alan Akina. See you on Thursday.
Thank you so much, Alan.
Did you get all that?
Yeah, we'll have to watch again for, uh—
That's good stuff though. I'll have to take notes. Yeah, very good stuff. I like what Alan has to offer.
Yes.
And just by listening to him, you deserve a raise.
Thank you.
I'm not your boss, but—
I'll ask.
Okay, be bold.