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Thanks Julius, very helpful

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For a 2-3% increase, that is insane. Does your company not have yearly increments for everyone? There is a norm of 3-6% increment adjustments for my country’s work culture.
You might check with your friends and see if they have yearly increments as well, and if they do then leave your company because it isn’t serving you well in the long run. If you can’t leave now, negotiate for at least a 5% increase for the additional workload.