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This form is used to request a counter-offer or an off-cycle salary increase greater than 10%. It requires details about the current salary, proposed increase, reasons for the increase, and relevant performance data. It outlines the financial support available from the Office of Academic Affairs.
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How to fill out counter-offer off-cycle salary increase

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How to fill out counter-offer off-cycle salary increase

01
Assess your current salary and market value.
02
Gather evidence of your contributions and achievements.
03
Research salary benchmarks for similar roles in your industry.
04
Outline the reasons for your request clearly and concisely.
05
Prepare a draft of your counter-offer letter or email.
06
Schedule a meeting with your manager to discuss your request.
07
Present your case confidently, and be ready to negotiate.
08
Follow up after the meeting to reiterate your interest and appreciation.

Who needs counter-offer off-cycle salary increase?

01
Employees who have taken on additional responsibilities.
02
Team members who have consistently exceeded performance expectations.
03
Individuals whose market value has increased significantly.
04
Staff members who are considering job offers from other companies.
05
Employees facing financial difficulties or changes in personal circumstances.
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A counter-offer off-cycle salary increase is a salary adjustment made to counter a job offer from another company, outside of the regular salary review cycle, aimed at retaining an employee.
Typically, managers or HR representatives are required to file a counter-offer off-cycle salary increase when they seek to retain an employee who has received an external job offer.
To fill out a counter-offer off-cycle salary increase, one must complete the necessary form that includes details about the employee, the proposed salary change, the rationale for the increase, and any justifications for the counter-offer.
The purpose of a counter-offer off-cycle salary increase is to retain valuable employees from leaving, by providing them with a salary that matches or exceeds what they are offered by another employer.
The information that must be reported includes the employee's current salary, proposed new salary, reasons for the increase, duration of employment with the company, and any additional details that support the counter-offer.
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