Extra context:
Yes, my final raise. After 3.5 years you stop getting an annual raise and are “capped out”. I've been working here over 4.5 years and am just now about to “cap out”, but that's a story for another time. As far as I know, wages are non-negotioable at this job. And of course, no union. Here are some of my talking points:
•I'm asking for 20% total. 3.5% to cover the regular annual raise, 9% for a cost-of-living raise that is usually given out but was not this year, and a 6.5% raise for a recent promotion. My new position requires higher skill and much more responsibility (and b.s.) than the job I came from, but they both get paid the same. This new position also foregoes the performance-based bonuses that were possible with the previous position.
•I plan on negotiating along with a co-worker who also works in the same position as me. If we don't do our job well enough, the entire building (~150 people) comes to a productivity halt. We are the only two full-time people in this position, and there always has to be two doing the job. It is impossible to find backups for this position, because most people can't handle to work. Needless to say, this job is very important to the success of the building, and our labor is very valuable. It's just not reflected as such.
•In terms of the company's profits from FY 2021, I am asking for 0.00018175% of it. Or, the equivalent of 7 cents from my annual gross. This figure will be used both for shock value and to put in perspective that the raise me and my co-worker are asking for is perfectly financially doable.
Any other advice on how to approach this situation would be greatly appreciated. Thank you!