Free Template
A structured worksheet to calculate your ideal raise amount based on market value and performance.
Raise Calculation Worksheet --------------------------- 1. Market Benchmarking - Industry Average for Role: $ - Your Current Salary: $ - Market Gap: $ 2. Performance Multiplier - Recent Key Achievement: [Value generated/saved] - Added Responsibilities: [List 2-3] - Suggested Merit Increase: % (e.g., 2-5%) 3. Inflation & Cost of Living - Current Annual Inflation: % (CPI) - Real-term Adjustment: $ 4. Final Calculation - Minimum Acceptable Raise: $ - Ideal Target Raise: $ - Stretch Goal: $ Justification Summary: [Write a 2-sentence summary of why you deserve the Ideal Target Raise]
Use our Wage Checker tool to find the industry average for your role.
List your top 3 achievements from the last 12 months with quantifiable outcomes.
Check the latest Australian CPI figures for the inflation adjustment.
Calculate your three targets (Minimum, Ideal, Stretch) to provide negotiation room.
Practice your justification summary before the meeting.
Don't lead with inflation: While inflation is a factor, lead your conversation with performance and market value as they are more persuasive to employers.
Know your 'walk-away' number: The Minimum Acceptable Raise should be the point where you seriously consider looking for other opportunities.
Account for Super: Remember to specify if your target figures are 'plus super' or 'package' to avoid confusion.
Continue your journey with these related resources.