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I just received my annual raise, and I don't feel it matches what I'm worth to my company.
A little more information: I joined this company three years ago straight out of University, starting on the lowest software developer rung. A rung that I'm still on, though my manager has engaged the paperwork to promote me. The new position would have a minimum salary amount considerably higher than my current level, but it's a slow and tedious process, and I have no idea if it will be finished when salaries are reconsidered in June for people earning less than their position's minimum salary. I had been hoping to get a better raise to tide me over until then, but a combination re-jiggering of annual performance scores and how much is awarded to whom means I got the same relatively small raise I did last year, which is worth less due to price rises.
In my three years with the company, I've become the Senior Expert on a technology behind some of their forward facing stuff, and only one other person that can handle this is employed by the company, and I was the one who trained him. The only other guy who could was also trained by me but left later, and because he's older he made like £9,000 a year more than I did. According to my research, I'm £8,000 a year below the average salary for a software developer in my city with my level of experience, and if I'm promoted in time for the June readjustment I'd still be below average. In short, I'm not sure the situation can continue as is.
I was unable to find anything about this in my company's HR department, but does anyone know the best way to initiate a salary negotiation when the company in question has an automated annual salary adjustment system?