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It depends, what are you making now and what kind of lead role?
There's always a few things to consider:
1. there are general guidelines for pays cales for different careers and titles that companies usually follow (whether internal or market research from the Randstad report).
2. you can always ask a company for more money and tell them why you are worth it. Companies can and will pay higher than average for this
3. come prepared: see if you can talk to recruiters from other companies and see what the pay is like (sometimes it's easier to shoot them over a number and see if they flinch). Use this data to show your boss you can make X amount somewhere else and that you are underpaid
4. if all else fails, you could potentially jump ship and get a 20-30% raise elsewhere
Thanks, that is very helpful. I do think 20% is a reach but my company has a reputation for not paying as much as the competitors and using the benefits package as a reason why.
I would hope that asking for that raise would at least get them to negotiate on a raise too.