Free Template
Track yearly pay, raises, inflation, and performance in one place.
| Date | Salary ($) | Raise Amount ($) | % Increase | Inflation Rate (%) | Real Increase (%) | Key Wins During Period | |------|------------|------------------|------------|--------------------|-------------------|-------------------------| | Jan 2024 | 80,000 | - | - | - | - | Initial Salary | | Jan 2025 | 85,000 | 5,000 | 6.25% | 4.0% | 2.25% | Led Project X, Certified in Y | | ... | ... | ... | ... | ... | ... | ... | Instructions: 1. Update this table every time your pay changes. 2. Calculate '% Increase' as (New Salary - Old Salary) / Old Salary. 3. Find the current CPI (inflation) rate from the ABS website. 4. 'Real Increase' = % Increase - Inflation Rate. If this is negative, your purchasing power has decreased despite the raise.
Copy the table format into Excel, Google Sheets, or a Notion page.
Enter your starting salary and date.
Whenever you get a raise, add a new row with the updated details.
Briefly list 2-3 major wins for each period to remember exactly why you earned that raise.
Use this data to see your long-term career progression and ensure you're keeping ahead of inflation.
Keep it private: This is for your personal records and career planning.
Include total package: If you get bonuses or extra super, add columns for 'Total Compensation'.
Compare to market: Periodically check if your 'Real Increase' is keeping up with market salary growth for your role.
Continue your journey with these related resources.