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Moving diagonally to another company is generally the best way to increase your earnings. You should get one or more offers from other companies. The more options you have the less shy you will be because you have alternatives if your current employer says no. Newer companies also have less leverage because they need to fill the vacancy.

Once you have options you can have an honest conversation with your current manager to say that you're not satisfied with what you're currently earning and would like to earn 'x' based on the market rate for that role/your skills. Expect some potential push back / negotiation on that figure but have a minimum raise you want to get in order to consider it a success.

If they do not want to give you that minimum, then be prepared to take one of your alternative options and go elsewhere. Their loss. So shop around because at the end of the day, it's mostly just business.




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