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TFOX: I've been in that situation.

I spoke to my boss and said that while I appreciated the bump it was a bump to make me compensated fairly, not an annual raise. If you don't get the annual raise you fall behind again.

This was just after getting a review grade that was considered unreachable though and I had a little leverage. I also had data to show that I was underpaid compared to my direct peers in the department from a "loose lips" moment.


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