'You're Paying A Price For Your Loyalty' - Should You Leave Your Job For A Raise?

Patrick Bet-David Podcast Episode 158. In this short clip, Catalina Lauf discusses whether or not Americans should leave their jobs for a raise during 'The Great Resignation'.
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[@timtim818]

Damn negotiating for a higher salary with proof that other companies are willing to pay higher is bullying your employer? I should have done that because I stayed loyal to my employer during covid and still got laid off permanently.

[@jsanders9975]

Using Leverage is bullying? 😂 Well it's business not personal.

[@irvingjorge6180]

This is why every other year you should be shopping your résumé around

[@RealPolitik-dy4it]

I agree with you. But you should NEVER accept a counter offer. If you have a better opportunity, give your current employer a 2 week notice and move on. Because if you come up to them with a notice and they give you a counter, this means that you caught them off guard and they still need you. Maybe they expected you to stay for the long haul. But now they know you will leave come a better opportunity. So they will keep you there for as long as necessary, until they can feasibly replace you. Once they can, you are out. Basically, whenever you test them like that, you are putting a target on your back. Only tell them about other opportunities once you are committed and have a signed offer.

[@smartmoney7374]

Disagree. Companies have taken advantage of staff, slashed salaries, kept people on low discounted salaries when their revenue is still on the up and clients are paying full fees. Employers do question if you jump around a lot, but less so than they used to, a good employer will recruit skilled staff even if they have moved around, it is a misguided sense of loyalty to stay put and be taken for a ride, just because of fear. Its also worth noting that most large corporates will axe 🪓 you at the earliest opportunity even if you stay loyal to them through hard times, so be smart, dont be afraid to jump if an offer presents itself that will better you, your career and family, dont be afraid of change.

[@PattysCards]

My company keeps boasting records revenues but I don’t see any of it

[@tenorjosh]

I agree, you could also stay at the company and still get screwed over. And I’d say that happens more often than not so why not take a $28,000 raise? Are you kidding?

[@DownUnderThunder]

Same

[@funkspinna]

@@PattysCards And when they have losses do they reduce your pay?

[@JG-fg1ye]

my employers love me because I've moved between 10 companies in 10 years for a promotion each time and I know all their IP and supply streams, this makes me invaluable for lean running of companies and insight into competitors strategy, I literally get to choose where I work anytime purely based on the very high level of experience and demonstrated performance in each role. This is amazing considering I started moving between companies purely based on lack of job availability in my area lol

[@schurrwrestlr125]

I was loyal to my job for 8 yrs and was very underpaid. This pandemic opened my eyes to getting the salary I deserved. Stood with the company, but took a job at a different site for a 70k raise.

[@rilwanj]

My situation was almost exactly the same, but my employer downsized the team from 16 to 4 and saddled us with way more workload, so I had work 80-100 hours a week with no extra pay, just to manage excessive workload. I left Feb 2022

[@stoundingresults]

One of the 48 Laws of power #20 "Do not commit to anyone" Don’t commit to any side or cause except yourself. By maintaining your independence, you remain in control - others will vie for your attention. You also have the ability to pit the sides against each other.

[@Striker50_]

Just put that book in my Amazon cart! Looking forward!

[@ihavetubes]

Commit to God and his son Jesus Christ

[@bogkazealijamislim5998]

@@Striker50_ check out Pimpology: Pimpin Ken' 48 Laws of the Game too You will not regret it.

[@Striker50_]

@@bogkazealijamislim5998 🤣 I thought you were joking at first. My game is tight, but I could always expand it more 💪

[@bogkazealijamislim5998]

@@Striker50_ My cook gave it to me on the way back from my last trip to Afghanistan. Will change your life.

[@ErrythingPhroze]

Pat is completely wrong here. Speaking like a true corporate CEO. Nobody is going to pay you more "out the kindness of their heart"

[@khale4nia]

He's wrong if there's no long term recession. . . But If you had any experience with the 2007-2009 recession you know he's 💯 right.

[@achumangelanga6299]

Most CEOs don't even know who you are. It's been proven loyalty doesn't work in corporate and you are leaving alot of money on the table by not moving.

[@theDanDeleon]

Why would ANY company give you more money if they knew you would stay? Pat is FAR removed from this because in the past few years, he hasn’t needed to rely on a resume. His personal branding and own businesses speak for him.

[@Yandel21ableify]

Pat doesn't need to work for anyone. He has a 300millon nethworth.

[@ethanniedorowski116]

Value Is value there are many ways to see it an more ways of having it

[@IndigoAiReviews]

Yeah Pat doesn’t have his finger on the pulse with this one. Even the likes ratio is super off compared to the views. Sad but I get it, he doesn’t share the same perspective of what’s going on cause he doesn’t live it. I dk man Valuetainment has been kinda letting me down lately and I’ve been watching for a few years…

[@nah6492]

He doesn't miss much but he missed big time with this.

[@robsmith7605]

Remember PBD is a business owner with employees. He's not speaking from the employee's perspective. Take care of yourself first.

[@Zopdoz]

💯

[@mohammedeasmael4114]

@@Zopdoz i disagree totally there is a way to get what you want and worry just about you wont get you there.

[@mahmudchowdhury7557]

It’s funny how a lot of the loyal employees that have been loyal for a decade plus are now “unemployed from the couch”.

[@thatfunnykekguy6377]

@@mohammedeasmael4114 If you actually have a better offer to have a better/decent salary, and ask your boss because you know the work, and you also know your boss is dependent on you (because everyone else sucks at doing the work you do), then do it! Bluf it or not, it's your decision. Also with all prices sky rocketing, it's also an excuse to talk to your boss for a raise.

[@PattysCards]

Screw your jobs. They take advantage of you. They don’t hold loyalty when it comes to layoffs and firing you

[@irvingjorge6180]

True, they will not even think twice

[@the.firefighter.realtor]

Treat jobs like a business decision. Take what you need, build yourself outside of that job and go build something for yourself.

[@AZrakoon]

When I got laid off or fired and got another job, I got paid more every time.

[@irvingjorge6180]

This definitely means you should shop yourself around minimum every other year

[@RealPolitik-dy4it]

@@irvingjorge6180The data is out. “Job hoppers” win in the long run. Plus, you get better experience. If you work at 5 jobs over 10 years, you will learn a lot more than you would have, working at one place for 10 years, doing more or less the same thing.

[@Chalk89]

‘You bullied your employer…’ No, you gave your employer notice and an opportunity to keep you. I’m not surprised he would utter such a statement. In reality, employees have had minimal leverage, if any. However, after years of stagnancy, the leverage shifted ten fold and I congratulate those who prioritized themselves. Let’s remember, we have companies paying minimum wage despite profits of hundreds of millions - that’s reality.

[@RealPolitik-dy4it]

If you have been around for a while, one of the first rules is, NEVER ACCEPT A COUNTER OFFER!!! NEVER!!! Just move on. Because the reason they offered it to you is because they realize they need you for more than another 2 weeks, and will do anything to get you to stay for some more time. In the meantime, they will be looking for ways to replace you. Once they feel comfortable that they can replace you, you will be gone.

[@BeaverChaser]

This man just told people to plead their feelings of loyalty to their employer 🤣

[@darren5436]

They’re all out of touch here it’s astonishing. The amount of companies that take advantage of their employees. They all conveniently miss that point. Sorry not sorry for looking for better opportunities that provides more compensation

[@davidjohnson4045]

We’re living in a gig economy in CA. Jobs SEEK ways to terminate at-will employees, write off the loss and then on to the next.

[@DM-uz7lf]

Exactly 💯

[@enerpro2955]

PbD has officially went off the rails

[@IAintTheDaddyMaury]

Red pilled

[@jackcarraway4707]

He was never on the rails in the first place.

[@carloscaro152]

Remember guys, they will always preach business is business when it comes to their decisions. When it comes to your decision to a better opportunity it’s wrong and disgusting and disloyal. All of a sudden they value loyalty to the company more than what they can actually offer.

[@Skdjeis]

Pat is jaded. He has too much bias being a biz owner

[@kes9298]

Exactly. He is so one sided.

[@fungunsun1]

Look, another rich entitled CEO advising low ranking employees to stay in their comfort zone.

[@jbevolve2023]

sounds like PBD doesn't want anyone to leave him.

[@konstantinorentoulis6118]

Typical thinking of a boss... Patrick is a good man but his thinking represent his current financial situation as a boss compare to his days at working at a gym etc... if you have an aportunity to get a better job you just take it..if you don't you stay behind.... Republican ppl will like you to think you shouldn't quit and stay put... don't listen to this garbage ppl if you can make money go for it life is too short to be passive

[@westthebest3910]

In his book the next five moves, he does rage quit the gym without a plan. He complained about not having a plan, not about quitting.

[@konstantinorentoulis6118]

@@westthebest3910 if you have a chance to advance your self financially or otherwise you just take it and you don't think twice if your old boss was such a good boss he should had paid you your worth

[@jsanders9975]

@@konstantinorentoulis6118 Bingo!

[@robertl6823]

No business should ever rehire a employee. They left for a reason. No employee should ever work for the same business twice. The only reason you go back to a place is because you are unsure of the direction you took. It's human nature to fall back to what's comfortable and familiar even if that means unhappy.

[@TexicanMr]

Lmao at "bullied your employer".

[@irvingjorge6180]

It’s business they will lay you off without hesitation so you replace them without hesitation

[@emilioperez6435]

Is the employer who usually bullies the employee

[@_Mr.Youtube]

COMPLETELY disagree. Tech companies notoriously don’t have non-competes, and tech employees bounce around every 1-2 years and that’s the norm. PBD sounds like a CEO trying to convince you why you should stay and make less money with him, meanwhile he’s paying new guys more $$ to entice them join the team. 🤦🏾‍♂️ stop playing

[@Striker50_]

SWINGGGG and a miss Pat. I get that employees shouldn't be scumbags when saying they have other offer options, but employERS will kick you to the curb for no reason. There's a huge disconnect from the average employee struggling to make decent earnings, which makes them become more aggressive in moving and asking for more

[@RealPolitik-dy4it]

Yeah, I would separate those two concepts: 1. Employers are only looking out for their interests. They want you to work on their terms and leave on their terms. You can’t fault them for prioritizing their own interests. But it is something to keep in mind when thinking of your own interests. 2. You NEVER talk about outside opportunities with your employer and ALWAYS display that you intend to stay with them. Unless have a signed offer from a real, better opportunity. If they offer you more money to stay, refuse it. They are just stalling you, so that you can help transition your role away.

[@DanielJahn]

I think this current job market is a great opportunity for people who have been historically loyal to finally get the pay they deserve and in an environment that will allow them to succeed. This “pandemic” has shown that most companies are not loyal to you so why should you be loyal to them. Just like a relationship, loyalty and commitment has to come from both parties for it to last.

[@mylespop]

I have over 20 years of experience in the restaurant industry spread across NY, GA, FL and now CA, and I can tell you the industry does not value its employees beyond what is minimal requirements. Mom and pop, corporate chains, pizza places, bars, all the pay rates work out to a few dollars over minimum regardless of experience. Whatever minimum wage is in your state, local restaurants will offer 3-5$/hr over, maybe. My experience is all entirely kitchen work, I have known servers that would triple my pay on a weekly basis in just about every establishment as well. They however also regularly receive “negative” paychecks because of claim laws and the fact that restaurants can pay service staff around 3/hr nationwide.

[@noelvalerio5997]

Companies do not care about loyalty. Paying for loyalty is expensive- a nice health care plan, higher salary, and retirement package. Trust me when I say that companies are trained not to incur long term commitment with employees. PDB is such a bro.

[@donnabcurious]

My husband has been at his job over 20 years and they are pushing him. His company doesn't appreciate loyalty.

[@Thiiink]

He took the Bait.

[@johngerring2505]

I ain’t loyal to nobody except myself and my family.

[@calavera57_]

ITS CRAZY HOW THEY TALK ABOUT THE EMPLOYEE BULLING THE EMPLOYER. THEY DONT LIKE WHEN THE SHOE IS ON THE OTHER FOOT.

[@beasthunt]

You should 100% leave a job for a raise.

[@djsammysammz1147]

Disagree. Go get your money! These companies don't love you. You have qualifications and they have positions. It's that simple.

[@LavishPatchKid]

I remember how many unwritten rules I learned to be able to succeed working for others. And I remember the realization that they were all worthless, and I had to start learning all over - when I started working for myself. Advice for one's livelihood is so personalized - I'd have to know the person before I'd ever take a stand on such a topic.

[@martiantv805]

It all depends what company and or industry you work in. If you aren’t getting raises leave. If you aren’t valued leave. I left because of no raises and no value.

[@move_i_got_this5659]

It also depends on if you are a good worker or not. Where I live people are shockingly lazy and stupid.

[@coady4577]

Loyalty goes both ways. If someone who you’ve made zero money for is offering you more than your current employer who you have been making money for, there’s a problem. Obviously this only apply to good workers.

[@arkad6329]

“That CEO is going to remember who was loyal” No Pat. That CEO is going to remember who made him feel better when he was mad some employees left. Not a random “loyal” employee, slaving away on the floor.

[@andyatmosphere]

I’d leave a company in a heartbeat if my job don’t treat me right and don’t give me adequate pay for my skills.

[@btw-3006]

Tell that to my company who laid off people in November 2019, which included people with long tenures. Heck, one of the people laid off was a woman who literally had her 20 year anniversary celebrated earlier that year. She was a Director, SVP of Global Business Services, Client Services and Marketing who worked her way up. So while she wasn’t hurting for money by any means, it shows that even when you stay loyal to a company, you can end up being laid off.

[@NickConant10]

I recently got terminated from my last job (made a video going into detail on it). I live in LA & I feel I was wrongfully terminated even though I was the most on point & productive person in a lead position in my department. On LinkedIn I have several people from that company looking at my profile & many are confused. I wasn’t the most talkative person so I wasn’t seen as someone who’s easy to talk to & befriend but I focused on my job. I feel work is like high school where you need to be popular or you will sink to the bottom & that’s what happened to me. I did nothing wrong but as a lead some people didn’t like the way I trained them or called them out when they messed up. Also I’ve always had the mindset of not being loyal unless the company shows they actually care but I also find comfort in staying at one place doing what I’m good at & keep on improving

[@davidjohnson4045]

Anytime you’re in a position of ‘lead’ership, you will be critically criticized, particularly by those receiving the instruction. Always ask yourself, how are you making someone feel when you’re training them or providing feedback. Is it constructive? This is corporate America for you. You have to be mindful of “feelings.” Otherwise, hello Human Resources

[@NickConant10]

@@davidjohnson4045 For me, being mindful of people’s feelings is tough. I’ve been talked down to a lot & was told I wasn’t going to last at some jobs but it made me so much better by the time I left I was always offered my job back if I moved back to the area. People today are super soft & run off to mommy & daddy (HR) when there’s any type of issue.

[@TexicanMr]

In a group setting, the mediocre often rise to the top. You don't want to stray too far from the herd being nonproductive or too productive. You're going to need to find a role that suits you. I went through the same thing. I've been a 1099 contractor for last 10 years. Productivity is all that matters for me.

[@rayray7244]

Yeah but the flip side is also true. If you're an asshole boss then you get what you deserve.

[@kesayo]

Sorry to break this to you but the only people who stayed at your company despite the lousy pay are the ones who weren’t good enough or motivated enough to get a better job. They didn’t stay there because they are loyal. They stayed there because they are lazy or incompetent.

[@lla_ni_chingas]

20 years in the oil and gas industry has been great when its good, but when its bad... 95% of the companies have not been loyal to the hard workers. There's never a hesitation to lay off as soon as oil/bbl is down.

[@sarkispoyrazian4245]

I’ve seen both. Depends on the employer.. I’ve been extremely loyal for years and haven’t seen it reciprocated and I’ve seen lazy, late, and irresponsibility employees get whatever they wanted.. It’s usually the loyal who are over worked and underpaid. But having said that, I wouldn’t change a thing. If you’re loyal, hard working and driven, that’s never going to change no matter what industry you’re in. From that point on, if the company is run right, they will recognize your hard work and do the right thing and reward you..

[@gsdlover8967]

I agree with u 💯! In today's world hard work is not recognized.

[@jonnyenough1531]

Mention a job prospect. If they offer you a raise then you been screwed

[@Jupiterxice]

I have no loyalty to no one to thyself. companies abuse and overburn work employees. If you want more what your worth go for it.

[@kes9298]

Yup pay your employees more and they will stay with your company. If not, they will find someone else to pay more. Don't be for a capitalist when it only benefits companies.

[@ryanpena8713]

Do businesses have an obligation to maximize profits? Yes. Employees also have an obligation to maximize their “profits” aka salary. These competitive salaries are brought to you by the market, not by employees. Loyal or not companies will fire you regardless. Don’t bring your emotions into this topic, Pat.

[@mikram2613]

I can tell you this I've been in the automotive business for 45 years I'm a master technician and there's just no one coming up behind me to to fill the shoes it's a lot of hard work I'm talking you know back problems hernias soreness the 20-somethings aren't interested in that they just want to collect a paycheck

[@ethannaka1822]

Yeah that sounds horrible lol

[@jasonrose1758]

Same here.Collision repair for 22 years.Nobodys beating the door down in this field either.We have a 7500 sign on bonus also

[@themmacircle7645]

Ya I tried to have that conversation with my former boss 2 months ago. He let me go 2 weeks later and hired a guy for 20% less to replace me. Luckily I found 2 jobs that pay me 30% more and one of them pays 100% of my insurance and a 7% retirement match. There's a lot of jobs out there people. Reach for the stars.

[@calvertmorris2420]

I'd say im in the majority in the comments. Loyalty doesn't mean what it used to. Maybe at one time being loyal to company might have had value. These days it doesn't hold much weight or value. Maybe in smaller business but any large company usually doesn't deserve your loyalty. Treat them like they treat you. Means to an end and when you reach that end. Leave them in dust, just like they'd do to you.

[@peoplearecrazy1798]

Pat, I see what you are saying, but it is rare that pays off with extra zeros in the end.

[@esmooth300]

This isn't always true, that's why you make educated moves before coming to a conclusion. Sometimes making a move is the best thing, if you've expressed your needs at your current employer, and 6 -8 months there is no change I would leave. Jobs should be used for growing your small business, until it exceeds your employee salary.

[@MaganaVentures]

"opportunistic" lmao bro this is a free market.. you can decide to leave if there are better opportunities elsewhere.. Inflation is through the roof and you shouldn't ask for a raise? c'mon man.

[@sisque16]

I disagree with pat. I was with my company for 11 years and waited 6 months for them to increase my pay. I was a top performer for the last 2/3 years and opened up two new locations and when promotions came they promoted two people completely unqualified for the positions from different industries. I left my position and I am making more money on the base side and commission side. Companies do value loyalty but they can and will take advantage of it.

[@edwardrichard2561]

Make your money. If your worth it you will always get more. Use leverage. The employer will always low ball if possible.

[@nolisto1]

Being loyal is not guaranteed to work out.

[@zeheero]

Pat doesn't live in the same reality as us poor people. Pat preaches about capitalisms as the greatest thing since slice bread yet he states that anyone who leaves for more money to do the same job is a bad guy but it is okay if the employers under pay you forever for the job that they doing now. I don't know how Pat pays his employees but many employers do not value loyalty or hard work, to them we just another number which at any moment can be replace. Just to give you a little bit of my background I was loyal to a previous company straight for 5 years with underpay by 40% over the current job market by doing everything they ask of me and hitting all my numbers they set out for me yet when COVID hit and lockdowns happen they terminated my position and kept the people who got pay less and poorly performers. I don't give damn about blind loyalty, I work to make a living and to make as much money as the market value allows me to, I could care less what the employers think, is not like they give a damn about you.

[@tomiszik]

If the company is good and deserves your loyalty, I agree with Pat, but if loyalty is not there from your employer's side, you have to assess the situation if you are in the safe situation financially to make the jump for a better opportunity.

[@Teamshmo]

Lol your loyalty is good, but they aren't gonna pay you more, so who cares? Your job as the employee is to gain as much knowledge and money as possible. When you leave you get more money and more experience. These jobs will fire you in a second.

[@irvingjorge6180]

Jobs are not Loyal in this day and age maybe 30-50 years ago now nothing

[@JR-qk8kl]

Don’t think companies will give raises during a time of layoffs. They say shut up, keep your head down, and Immanuel you’ll make it through this.

[@azuresage1067]

Companies need to compete for employees… simple as that Life is too short to take a lower salary

[@davidwilliam9681]

You can have both. Take a new position at the same company. You're still loyal and you get a nice increase too. You should be able to outcompete the external candidates if you've built a great network and reputation at the company.

[@Opeth221]

Any CEO will cut their most loyal employee if it means saving their ass.

[@eefmydee1slideways]

Patrick I would love to send you a detailed email explaining what I have seen for the last 10 years since I entered the workforce. I have peers that are great examples and it's not just one. Also I have a situation at my work place that is live. Is that possible? Also would it be possible to review this conversation after you have had live feedback from your viewers?

[@moneybag6172]

I honestly hate when pat talk about these topics. Because I usually agree with him 99% of the time. But he's so wrong on this topic. Every person watching this video I'm willing to bet has experienced more companies that will increase their own profits and barely ever give raises regardless how hard you work, compared to a company that would reward loyalty. Telling someone to stay but not be rewarded is typical ceo/pimp talk that is only thinking about themselves.

[@gsdlover8967]

Exactly! Our employee meeting...we made 60 milion this quarter...wow no shit 70% of management got promoted and the rest got 1%raise. ...🤔

[@bryanjedi8242]

If CEOs truly valued loyalty they would pay accordingly. This just doesn’t apply to tech jobs. A lot of other sectors do this. The less experienced new hires end up getting paid almost if not more than someone that’s been with the company for several years.

[@jacobbocht5661]

I agree with what you're saying that loyalty is very important. I also believe loyalty goes both ways. Costs have skyrocketed. If you get complacent and underestimate what this inflation could do to you and your family you will probably be in for a world of hurt. I believe we are living in a time where we need to be very paranoid and we need to be working our tails off. I personally think making more money is crucial right now. Maybe I'm wrong. I hope I'm not.

[@jfdz_32]

This mostly speaks to companies that have leadership focus on loyalty, and tend to be smaller scale. Does this advice apply equally to the Target, Amazon, Walmarts of the world?

[@lucristianx]

Forbes prior to the pandemic wrote an article that you lose 50% of your earning potential when you stay in a role longer than 2-3 years. Patrick I love ya but that’s copium. I gave 6 years of my life to a company that didn’t give a damn about us. Laid us off for the trouble. Grass is always greener.

[@CruxstarZ]

An interesting thing is, I was rarely given a raise or a promotion (the only employer or boss who has done that for me I still work with him to this day), but before him I was never given a raise or a promotion I just got the good Job heres "more work" and I got the luke warm expected performance evaluation however once I did one mess up it blow all the good work I did to nothing (thanks to office politics). So long story short be loyal to only good companies who have integrity, everyone else use them as stepping stools to get you to where you gotta be and fuckem.

[@SI-qp7cm]

He is right , when the crash is on there will be those who are required and those who are not . Watch your conduct

[@jonnyenough1531]

Put in your 2 weeks and if they offer more money then they were ripping you off. Leave

[@RenaldoQuestelles]

A lot of this seems idealistic. I worked with the state’s media company in my country for 13 years and had over 10 letters of commendation on my file, 1 day late and less than 10 days sick over the 13 years other than when I did ACL replacement surgery. I never got an increase in salary and when I ask to move from the urban radio station to the adult contemporary because I was aging out the the urban market they told me it’s urban or nothing. I left at the end of 2019, pandemic hit, job market crashed and I haven’t been able to get back on my feet since.

[@slightlyaboveaverage76]

Pat, why should employers be insulated from market forces?

[@noahvillasenor67]

He’s wrong on this one. Homie talks about the run-up of the last two years and ignores the previous 20 years of stagnant wages. If you think Pat cares about regular people, listen to him drool over the impending recession. If business is just $$$ to him, then it’s just $$$ to employees too.

[@quiet1050]

Loyalty goes both ways

[@nothingmatters3802]

Work is business and should be treated as business. There is no loyalty, only interests. I sell a service to a company, and they hire me to perform that service. If another company offers me a better service, then I will go perform the service with them. It is nothing personal, simply good business. Loyalty has no monetary value and does not mean anything in a contract.

[@triplet8373]

I’ve been at my job for 11 years now and we get like 50 cents raise or less a year. But I’m leaving to make $11 more lol

[@teddybrosevelt-007]

I’m glad you used the analogy of a guy trying to get back with his ex. It doesn’t matter how you treated her, if you’re attractive, she will take you back.

[@makhedasa9307]

Easy to say when you don't have to worry about making ends meet.

[@RealPolitik-dy4it]

I agree with Pat a lot, but will have to disagree with him on this. Loyalty is a 2-way street. Companies are seldom loyal to their employees. As a rule, if they can cut costs, they will do it, even if it means firing a loyal employee who has been there for 10 years. Not that I blame them for it, they are just operating in their best interests. However, you the employee, are expected to put your best interests aside and sacrifice for an employer who wouldn’t think twice about replacing you if it was in their interests. My suggestion, if you see a better opportunity, take it. As far as Pat’s comment on lifestyle creep goes, this is an individual thing, but the mindset I take is that my next paycheck could be my last. It might sound a bit depressing at first, but when you have savings and other options, it helps you sleep better at night.

[@archiment784]

how could anyone be loyal. In India, one employee in a team can be paid 300k INR yearly while other 3 million INR in the same team, with lesser experience. That's the hard reality.

[@accountingink]

I can only tell from my own experience. Everyone has an agenda. Most companies will revise or restructure a new business model. Sometimes, in these models whole departments do not fit or need to be reduced. (So even your boss who works with you one on one cannot save you and HR surely wont do it). Secondly, depending on the role that you have its transitory, there is a huge turnover in those roles,. Thirdly, at the supervisory level there may be turnover and basically, every six months to a year there is a change and no one will remember or care about your loyalty. it is all just the churn. It is unrealistic to expect loyalty from a company. Amazon is a huge company yet the employees had to fight to even start a union and were even fired. Even professionals in companies such as accountants. lawyers etc are replaceable every three to five years even if they keep up and be relevant. So build up your skill sets and move on. If you have to have a spotty resume work through an employment agency and just see a company as a client that you service

[@kennysmith1925]

doesn't work when you don't love the company but you like a few co-workers

[@andycloward]

this is one of the few things I disagree with Pat on. Shopping the market to understand your market rate is fair. Boot licking at a company in the "hopes" of moving up within an organization at some vague point in the future is a disservice to yourself, your time, and your own intrinsic value (if you can actually back it up). "nobody doesn't like nobody that has been around the block" . Not true. it is very well understood in today's world that employees move or , at the very least, reassess their own value every couple years. I would argue they should constantly assess their value day to day, week to week. Leaving an organization to go with another firm that pays more is nothing more than stock price fluctuations on a person's value, marked to market. Loyalty has nothing to do with it. I would imagine 90% of employees are "loyal" to an organization while they are employed at that organization, as well as loyal to his or her own work while they were working at this company. That being said, employees should never join an organization that doesn't recognize your value from the beginning. It is a delicate dance. If you join an organization feeling underpaid/undervalued, it will inevitably turn in to a toxic relationship. I've allowed myself to join organizations that are like that and was miserable -- it was a bad fit for both employer and employee. I am making $150,000 as a 30 year old , about to start a business, and about to head in to negotiations to re-evaluate my annual salary. If you develop the relationships, and the culture is a right fit, you don't need to go in to a negotiation on the defensive. I have the fortune to go in and trust management's discretion on my salary. A part of that reason is because when they gave me my initial offer at the organization, they came in strong, above my own expectations, and outlined how they came to those numbers. This was a smart move on the employers part because that large initial investment (and potentially overpaying for my services at that time) has paid for itself. On top of that, they won my trust on any future negotiations because i know they will outline line item by line item the justification for my salary. Transparency is key

[@nickloks]

Tech and finance?? What about the rest of the 80% of us??? We don’t all work in tech and finance Patrick!!!

[@Yandel21ableify]

Tech and Finance are the only businesses where you can make any real money in America.

[@nickloks]

@@Yandel21ableify maybe that’s why the US is so fucked economically

[@Svq98]

Where do I apply I want to work for you

[@stevelee4958]

PBD is talking about a different perspective. He’s talking about adding value in the market place over negotiating in a good economy.

[@collectablegold7]

I am looking for a job. You guys have best content. I manage a jersey mikes in scottsdale AZ

[@JB-ie3vo]

You’re way off on this one Patrick. Companies do not reward loyalty in todays day and age. You have to have leverage to ask for a raise.

[@robertcammon5969]

The Market has been suppressing wages for 50 years. That is why we can't deal with inflation because we haven't had the wages to save.

[@davee8462]

Spoken like a true employer 😂 I like Pat but he’s fully speaking to benefit himself in this instance and completely wrong.. line your own pockets not somebody else’s!!

[@Josh-zo4id]

Ya I disagree, go take the money but be professional about it and don't raise your lifestyle too quickly in case it all goes away

[@jonny5355]

“You bullied your employer” LOL it’s business. There are many possible circumstances to this. Don’t burn bridges, but get what you deserve.

[@KanakAgrawal101]

Sorry Pat! But we disagree with you on this! It’s a marketplace. Both businesses and employees pick what’s best for themselves

[@AIEmpire]

If I can get a better deal elsewhere - why wouldn't I jump ship? Supply and demand.

[@stomper5432]

Actually I left my old job for hiring new people at a higher wage than mr for this exact reason and I left and got a better job for it

[@sandroaces]

It’s just business they layoff with no notice as soon as it gets slow.

[@mukakaka]

Wrong

[@TheRealDealNeal]

Honestly I disagree with him here. As an employee you should always get the most money possible

[@ihavetubes]

The same could be said when you have to fire someone which is something Pat is all too willing to do when the worker doesn't produce to your standards.

[@brianm6800]

Live paycheck to paycheck like most Americans and then this conversation doesn't exist anymore.

[@TheMasterOfShadows]

Good CEO, good employers value employees and they pay them what their worth to their company not what their worth in the market. Get that shit right. Also that is 10% of employers, 90% of CEO and employers would hire a robot so they DON'T have to pay you. This is such a damn joke of a video. Loyalty flows both pays, so many people get screwed by their employers. Pat has completely lost touch with reality. He seems to think all employers are him and they treat people with respect. News flash, no they don't. Capitalists are about making capital, not giving it away to employee, hoard hoard hoard.