Free Template
Raise Budget Planning Sheet for Managers
A strategic tool for managers to budget for team salary increases and on-costs.
Template Content
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]
How to Use This Budget Sheet
- 1
Confirm your total departmental salary pool for the review period.
- 2
List all eligible employees and their current base salaries.
- 3
Input the proposed percentage increases based on performance metrics.
- 4
Calculate the extra Superannuation and Payroll Tax (vary by state) to get the 'true' cost.
- 5
Iterate on the percentages until the Total Budget Impact is within the allocation.
Pro Tips
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.
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Ivy Sinclair-Wren
Financial Chaos Analyst
Ivy Sinclair-Wren is a Financial Chaos Analyst covering investing, AI, wealth psychology, and the emotional consequences of opening finance apps during market crashes. Based in Melbourne, she specializes in demystifying the Australian tax code and helping users navigate the intersection of spreadsheet logic and human irrationality.