Caller Says His Employees Are Unhappy With Their Raises. Dave Ramsey Responds, 'A 2% Raise In A 9% Inflation Economy Is Insulting'

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Blake from Lincoln, Nebraska, recently called into Dave Ramsey‘s “EntreLeadership” podcast with a problem many managers face: employees who are frustrated with their raises.

Blake, the controller of a physical security company with about 100 employees, explained their current compensation system: a 2% cost-of-living raise every year, plus up to 3% more based on merit. But the merit side was getting messy.