I joined my current company as a Lead Developer for a team 7 in April/2017. They offered me a 1-year contract which will be ending in two months from now. the contract is for a fixed salary per month.
I had my first meeting for contract renewal with my manager. We agreed on the following things
- We discussed my performance and how did my manager felt about it. to give a short overview, He felt I performed beyond his expectation, the sense of ownership I had for the team and product help us to achieve our deliverables.
- Next contract duration, which should be indefinite.
What should be my base salary for the new contract? I asked for a raise of 12-14 % a year to which we came to a figure of 10%.
After the meeting, I sent him an email mentioning all the points that we discussed and they are parked now for time take this up with finance and hr to get it approved.
Today my manager called me and said we have to discuss this with our Head of the department. I was fine with it.
To my surprise, he said that the raise of the salary could be reduced 1-2%. Also, it will not be effective from the start date of the contract, but it will be effective from January/2020.
I expressed him that I will be facing a loss of salary for the next 8 months till the time new salary becomes effective and also the percentage is quite less to what we agreed. To this, he said that HR is not agreeing for the raise to be effective from the start of the contract and the percentage is too high.
I do not wish to leave the company at the same time I do not want to work for a salary that will not keep me motivated.
How should I approach the discussion where I do not want to be looked like a person who will be leaving if now given what is requesting. Also Is there some tools that I can use to show what is my market value based on the years of experience and skills.