Free Template
A strategic tool for managers to budget for team salary increases and on-costs.
Manager's Salary Review Planner ------------------------------ Team Budget Allocation: $ Employee 1: [Name] - Current Salary: $ - Proposed % Increase: % - New Base Salary: $ - Extra Super (11.5%): $ - Extra Payroll Tax (if applicable): $ - Total Cost Increase: $ Employee 2: [Name] - Current Salary: $ - Proposed % Increase: % - New Base Salary: $ - Extra Super (11.5%): $ - Extra Payroll Tax: $ - Total Cost Increase: $ Team Summary: - Total Base Salary Increase: $ - Total On-Cost Increase: $ - Total Budget Impact: $ - Remaining Budget: $ Performance Justification (Brief): [List 1 achievement per employee]
Confirm your total departmental salary pool for the review period.
List all eligible employees and their current base salaries.
Input the proposed percentage increases based on performance metrics.
Calculate the extra Superannuation and Payroll Tax (vary by state) to get the 'true' cost.
Iterate on the percentages until the Total Budget Impact is within the allocation.
Budget for On-Costs: Always calculate 'plus super' to avoid exceeding your budget. A $5k raise actually costs the company $5,575 minimum.
Stagger Increases: If budget is tight, consider performance-linked increases that trigger at different dates throughout the fiscal year.
Non-Monetary Rewards: If you can't meet a salary request, use this data to justify non-monetary benefits like extra leave or training budgets.
Continue your journey with these related resources.