The Right Way to Give Pay Raises - Payscale Remember to be confident when you walk into the bosss office. Details. best resource for market changes in different cities and industries. My experience as well. a mid-year promotion or completion of a huge project). At the same time, research suggests that to truly drive behavioral change the reward has money. Wow, my military husband only got a service increase every year (of a few %s, maybe), and then a bit more with a promotion to a higher rank. In the US corporate environment, each business sets its own pay/benefits internally and often structure it in different ways. Contact a Prepory college There should be no fear when asking for a raise, especially when you are deserving of one. I have student loans on top of bills to pay. For the average hourly rate is $3 an hour in an unskilled position. Most health plans have a deductible. Whether youve been offered a promotion or you have your eye on one, you should be given a raise with it. A pox on all their houses. (It might not say anything, but you never know.). A better option might be on-the-spot raises. I have worked for a major media corporation for over 6 years and have never been given a raise. After reading all the comments, it seems like some companies have discussions on this annually. PayScale Insight allows you to allocate raises based on employee performance and labor budget. Kimberlee, I do agree that there are non-monetary ways to reward people, but in the end, all other things being equal, I want the job that pays more! Publish: 27 days ago. Under the 1500 plan, Cigna will cover 50% of your orthodontist's fee for braces, but you'll have a twelve-month waiting period after enrollment and a $1,000 lifetime maximum per person. Does Amazon Give Raises? (how Often, How Much + More) Your boss should recognize that. Thanks for the explanation. Sometimes managers forget what you did 6 months ago, and you need to show why you deserve (as in, have earned) a raise. If he has a problem with how she manages her career, thats a bigger conversation, but the way to handle it would be to discuss those bigger issues, not to keep pushing her on this one detail. The PayScale Index is your Though keep in mind the size of the company and what benefits you have. Im still just thankful to have a steady job. Is it any wonder then that graduates today are more likely to job hop because cheap old people refuse to pay what they are worth especially when they think dumping two jobs for less than the price of one as being reasonable on a young employee? I worked somewhere like that. If youre the cash catalyst, youre in the perfect position to ask for a raise. He also said that his father was offered a pay raise after 6 months working in a restaurant, which I guess was also a minimum wage job. Ive never worked anywhere like that, even back when I was in high school and college and working minimum wage/retail. No cost of living, no merit increases, no additional comp time. This is the chance to show your loyalty and constant achievements to your boss. The company I used to work for switched the non exempt from a yearly raise to a yearly bonus if they hit the prescribed milestones. I am an unemployed nonprofit PM.). The increases range from about 0% to 6% with an average affect on payroll of about 3%. There are a lot of perks to being the top seller in a company. I work in Media The only way Ive ever got a raise is by changing jobs. Anyone who transfers positions within the company who would receive a merit increase on top of their COLA has it figured into their new pay rate when they transfer. When its across the board its usually related to increases in cost of living, although for most places it hasnt kept pace recent news stories suggest that for lower paid especially pay is the same now as 2004 in real terms. And, it varies from one place to another and company. My understanding is that a cost of living adjustment means adjusting someones salary each year to make it steady with cost of living increases. Plus you can keep this in your work journal as a record as well. 10+ how often does amazon give raises most standard Price jobs based on your local market and competition. Its very supportive and politics-free. diminishes until that employee plateaus in their job and it becomes almost non-existent. The company also pays bonuses every year, the size of which depends on performance. However, you can expect a rise of about 1% to 3% a year. Author: How. Ive seen organizations take a 4% budget and provide LW, I dont think theres any negative about your husband but you may want to approach it like that. Joey first and foremost, thank you for being a jobs producer. The company's recently increased minimum hourly wage went to an even higher total amount of $1 billion for workers in the warehouse, fulfillment, and delivery teams. Asked December 30, 2017 4 answers Answered October 28, 2018 Yearly, however, it's based on your contributions. How often do you get a raise at Cigna? | Indeed.com I dont remember if it was every six months but I think I got a $0.25 raise periodically, working in a retail union job. my coworker prayed that Ill return to Jesus, coworker went through my laptop bag, and more, were supposed to do ice-breakers at every single meeting, even routine ones. Keep a journal of your achievements. Your merit matrix will likely have rewards ranging from 1-15%. I am already going to get a better salary than my current job just by taking the offer and I am happy about that. Used to do annual COLAs, but wont anymore. The company ranked 12th on the list of Fortune 500 companies for 2022. Length of service - One of the most time-honored ways of rewarding employees for their work and dedication, and encouraging them to stay on board is to award raises for length of service to the company. Companies are planning raises in 2022how much workers can expect - CNBC Not only should you have a talk with your boss about receiving more money, but you should submit your request in writing too. Ive only been here a year, but my understanding is there have been no raises at least since before the recession and only 4 or so in the last 20 years. Again, it is all based on your performance and what you have brought to the company. My company does annual performance reviews that coincide with our annual COLA. Some were every 6 months, some were every year. Here are some types of services that are not typically covered: Your Summary of Benefits Coverage (SBC) document that comes with your health plan will itemize the care and services covered, as well as whats not covered. It may be the right time to let your boss know and for you to get a raise. So that full rate will not be 36% discounted fully. Bonus pay at Cigna Corporation ranges from $3,000 to $13,000 annually among . I know I am talking about public sector rather than corporate, but our agency eliminated cost of living raises in the 1980s and eliminated merit raises 7 years ago. This is a fee for having the health plan. Descriptions: They typically got about 50 cents raise per year, plus one share of company stock with a 2 year vesting schedule. Claims for glucose test strips (A4772, A4253) will be denied as consumable supplies, unless covered under state mandate or pharmacy rider. for you with its Raise Recommender feature and makes it a simple task to get through. Each year has a bracket that the raise can fall into--the more you bill/the better your numbers are, the higher in the bracket you go. To Z: My husband is in the military now (I left that part out because I am afraid hell see this somehow, so I didnt want to make it obvious lol). Whether thats generating an influx of leads or making systems and processes run smoother. Hubby, why are you so quick to dismiss my opinion and yet enforce yours?. I agreee with MJ of the West that as a new employee you may not get one for your first year or so especially in jobs where it takes you that long to learn the ropes so youre not really proving demonstrating your value yet. Now that I have seen everyones comments, I can explain to him better. In fact, I would think in most corporate jobs, getting a raise in your first 12 18 months is fairly unlikely. As the company grows, so does the chance of more exciting raises in the future for employees. Does Walmart Give Raises? (Pay Increases, Bonuses + More) - RV and Playa However, I disagree with the idea that spouses should expect each other to manage your own careers like the independent adults you presumably are. Most married couples share (at least a large portion of) their incomes, and to a certain extent, a reason for getting married is that youve found someone you can *depend* on. that will improve retention and performance where its needed most. Since its inception in 1994, Amazon has been known for its customer-centricity, innovation, and rapid growth. Prepory career coach! It may depend where this company is headquartered. You can also buy one directly through a health insurance company, like Cigna. Now that hes a civilian, hes making much less and Im the one badgering him to ask when he might qualify for a merit increase. level of the individual. The company's most recent pay rise went to 500,000 warehouses, fulfillment, and delivery team. :( No fuss talking with him again now because I have all the insights here! who are currently paid either below or at the market wage for their position should We can provide you with this information for each company in your state. That was five years ago now. Weve had less than great financial years in recent history where we froze all pay raises. One of the best things you can do is prove how youve positively impacted the company. So, in my case, no raises are forthcoming. Schedule a personalized demo to feel the power of Payscale. By giving annual or semi-annual pay raises, employees have something to look forward to and an incentive to continue providing high quality work. My corporation is based in Atlanta and they are clueless and heartless. This is the only question lots of people have in their minds, most importantly in this period of crisis. Screw greedy employers who think I should be happy to work for less than half the going rate! receive increases at least equal to the changes in the market. So the chances of you moving up to a new job and gaining a new annual salary are right around the corner. Now Ill stop! In 6 months, Id be happy if I can learn everything needed for this job/handle a project all by myself etc. My company suspends raises when times are bad. Currently, Amazon raises are between 50 cents and $3 per hour. A long long time ago, in a galaxy far far away (the industrialized Midwest) people working in unionized factories (and the offices) got raises on a regular schedule. Some of the things we disclose in this section may not be true for every job or industry, so please keep that in mind as you read on. I didnt get into public service to get rich, but living paycheck to paycheck in a position that required a graduate education and 5 years of experience while watching appointees get low six figures, pass down another reorganization and then move on to a larger private sector salary within a couple of years didnt work for me either. If there is a yearly review its usually in the contract (although noting that a review doesnt mean a raise!) Health insurance is a legal agreement between you and a health insurance company. Report on your performance and labor budget one directly through a health insurance company like... The corner think I should be no fear when asking for a raise at Cigna corporation from. Your market worth my corporation is based in Atlanta and They are clueless heartless. It varies from one place to another and company have to wait that long period to show employers! It may seem intimidating, but you never know. ) Amazon Give raises raise is changing... 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When you know how your health plan works, you are better able to avoid paying unnecessary out-of-pocket costs. You have to wait that long period to show your employers that youre an asset to the company. 1.How often do employees get raises at Amazon? Full-time employees may qualify for annual raises if their job title and work ethic meet Amazon's terms, and these raises begin at $0.25. It may seem intimidating, but you have everything you need to support or case. Use our tool to get a personalized report on your market worth. New hires are prorated to their hire date so they get only a portion of the COLA and if they are exceptional they may get a little more. how can I take time off when my team needs it more? Yes. I work in state government in a very fiscally conservative state; there is no such thing as a COLA here and Im not sure if there ever has been. The Right Way to Give Pay Raises - Payscale Remember to be confident when you walk into the bosss office. Details. best resource for market changes in different cities and industries. My experience as well. a mid-year promotion or completion of a huge project). At the same time, research suggests that to truly drive behavioral change the reward has money. Wow, my military husband only got a service increase every year (of a few %s, maybe), and then a bit more with a promotion to a higher rank. In the US corporate environment, each business sets its own pay/benefits internally and often structure it in different ways. Contact a Prepory college There should be no fear when asking for a raise, especially when you are deserving of one. I have student loans on top of bills to pay. For the average hourly rate is $3 an hour in an unskilled position. Most health plans have a deductible. Whether youve been offered a promotion or you have your eye on one, you should be given a raise with it. A pox on all their houses. (It might not say anything, but you never know.). A better option might be on-the-spot raises. I have worked for a major media corporation for over 6 years and have never been given a raise. After reading all the comments, it seems like some companies have discussions on this annually. PayScale Insight allows you to allocate raises based on employee performance and labor budget. Kimberlee, I do agree that there are non-monetary ways to reward people, but in the end, all other things being equal, I want the job that pays more! Publish: 27 days ago. Under the 1500 plan, Cigna will cover 50% of your orthodontist's fee for braces, but you'll have a twelve-month waiting period after enrollment and a $1,000 lifetime maximum per person. Does Amazon Give Raises? (how Often, How Much + More) Your boss should recognize that. Thanks for the explanation. Sometimes managers forget what you did 6 months ago, and you need to show why you deserve (as in, have earned) a raise. If he has a problem with how she manages her career, thats a bigger conversation, but the way to handle it would be to discuss those bigger issues, not to keep pushing her on this one detail. The PayScale Index is your Though keep in mind the size of the company and what benefits you have. Im still just thankful to have a steady job. Is it any wonder then that graduates today are more likely to job hop because cheap old people refuse to pay what they are worth especially when they think dumping two jobs for less than the price of one as being reasonable on a young employee? I worked somewhere like that. If youre the cash catalyst, youre in the perfect position to ask for a raise. He also said that his father was offered a pay raise after 6 months working in a restaurant, which I guess was also a minimum wage job. Ive never worked anywhere like that, even back when I was in high school and college and working minimum wage/retail. No cost of living, no merit increases, no additional comp time. This is the chance to show your loyalty and constant achievements to your boss. The company I used to work for switched the non exempt from a yearly raise to a yearly bonus if they hit the prescribed milestones. I am an unemployed nonprofit PM.). The increases range from about 0% to 6% with an average affect on payroll of about 3%. There are a lot of perks to being the top seller in a company. I work in Media The only way Ive ever got a raise is by changing jobs. Anyone who transfers positions within the company who would receive a merit increase on top of their COLA has it figured into their new pay rate when they transfer. When its across the board its usually related to increases in cost of living, although for most places it hasnt kept pace recent news stories suggest that for lower paid especially pay is the same now as 2004 in real terms. And, it varies from one place to another and company. My understanding is that a cost of living adjustment means adjusting someones salary each year to make it steady with cost of living increases. Plus you can keep this in your work journal as a record as well. 10+ how often does amazon give raises most standard Price jobs based on your local market and competition. Its very supportive and politics-free. diminishes until that employee plateaus in their job and it becomes almost non-existent. The company also pays bonuses every year, the size of which depends on performance. However, you can expect a rise of about 1% to 3% a year. Author: How. Ive seen organizations take a 4% budget and provide LW, I dont think theres any negative about your husband but you may want to approach it like that. Joey first and foremost, thank you for being a jobs producer. The company's recently increased minimum hourly wage went to an even higher total amount of $1 billion for workers in the warehouse, fulfillment, and delivery teams. Asked December 30, 2017 4 answers Answered October 28, 2018 Yearly, however, it's based on your contributions. How often do you get a raise at Cigna? | Indeed.com I dont remember if it was every six months but I think I got a $0.25 raise periodically, working in a retail union job. my coworker prayed that Ill return to Jesus, coworker went through my laptop bag, and more, were supposed to do ice-breakers at every single meeting, even routine ones. Keep a journal of your achievements. Your merit matrix will likely have rewards ranging from 1-15%. I am already going to get a better salary than my current job just by taking the offer and I am happy about that. Used to do annual COLAs, but wont anymore. The company ranked 12th on the list of Fortune 500 companies for 2022. Length of service - One of the most time-honored ways of rewarding employees for their work and dedication, and encouraging them to stay on board is to award raises for length of service to the company. Companies are planning raises in 2022how much workers can expect - CNBC Not only should you have a talk with your boss about receiving more money, but you should submit your request in writing too. Ive only been here a year, but my understanding is there have been no raises at least since before the recession and only 4 or so in the last 20 years. Again, it is all based on your performance and what you have brought to the company. My company does annual performance reviews that coincide with our annual COLA. Some were every 6 months, some were every year. Here are some types of services that are not typically covered: Your Summary of Benefits Coverage (SBC) document that comes with your health plan will itemize the care and services covered, as well as whats not covered. It may be the right time to let your boss know and for you to get a raise. So that full rate will not be 36% discounted fully. Bonus pay at Cigna Corporation ranges from $3,000 to $13,000 annually among . I know I am talking about public sector rather than corporate, but our agency eliminated cost of living raises in the 1980s and eliminated merit raises 7 years ago. This is a fee for having the health plan. Descriptions: They typically got about 50 cents raise per year, plus one share of company stock with a 2 year vesting schedule. Claims for glucose test strips (A4772, A4253) will be denied as consumable supplies, unless covered under state mandate or pharmacy rider. for you with its Raise Recommender feature and makes it a simple task to get through. Each year has a bracket that the raise can fall into--the more you bill/the better your numbers are, the higher in the bracket you go. To Z: My husband is in the military now (I left that part out because I am afraid hell see this somehow, so I didnt want to make it obvious lol). Whether thats generating an influx of leads or making systems and processes run smoother. Hubby, why are you so quick to dismiss my opinion and yet enforce yours?. I agreee with MJ of the West that as a new employee you may not get one for your first year or so especially in jobs where it takes you that long to learn the ropes so youre not really proving demonstrating your value yet. Now that I have seen everyones comments, I can explain to him better. In fact, I would think in most corporate jobs, getting a raise in your first 12 18 months is fairly unlikely. As the company grows, so does the chance of more exciting raises in the future for employees. Does Walmart Give Raises? (Pay Increases, Bonuses + More) - RV and Playa However, I disagree with the idea that spouses should expect each other to manage your own careers like the independent adults you presumably are. Most married couples share (at least a large portion of) their incomes, and to a certain extent, a reason for getting married is that youve found someone you can *depend* on. that will improve retention and performance where its needed most. Since its inception in 1994, Amazon has been known for its customer-centricity, innovation, and rapid growth. Prepory career coach! It may depend where this company is headquartered. You can also buy one directly through a health insurance company, like Cigna. Now that hes a civilian, hes making much less and Im the one badgering him to ask when he might qualify for a merit increase. level of the individual. The company's most recent pay rise went to 500,000 warehouses, fulfillment, and delivery team. :( No fuss talking with him again now because I have all the insights here! who are currently paid either below or at the market wage for their position should We can provide you with this information for each company in your state. That was five years ago now. Weve had less than great financial years in recent history where we froze all pay raises. One of the best things you can do is prove how youve positively impacted the company. So, in my case, no raises are forthcoming. Schedule a personalized demo to feel the power of Payscale. By giving annual or semi-annual pay raises, employees have something to look forward to and an incentive to continue providing high quality work. My corporation is based in Atlanta and they are clueless and heartless. This is the only question lots of people have in their minds, most importantly in this period of crisis. Screw greedy employers who think I should be happy to work for less than half the going rate! receive increases at least equal to the changes in the market. So the chances of you moving up to a new job and gaining a new annual salary are right around the corner. Now Ill stop! In 6 months, Id be happy if I can learn everything needed for this job/handle a project all by myself etc. My company suspends raises when times are bad. Currently, Amazon raises are between 50 cents and $3 per hour. A long long time ago, in a galaxy far far away (the industrialized Midwest) people working in unionized factories (and the offices) got raises on a regular schedule. Some of the things we disclose in this section may not be true for every job or industry, so please keep that in mind as you read on. I didnt get into public service to get rich, but living paycheck to paycheck in a position that required a graduate education and 5 years of experience while watching appointees get low six figures, pass down another reorganization and then move on to a larger private sector salary within a couple of years didnt work for me either. If there is a yearly review its usually in the contract (although noting that a review doesnt mean a raise!) Health insurance is a legal agreement between you and a health insurance company. Report on your performance and labor budget one directly through a health insurance company like... The corner think I should be no fear when asking for a raise at Cigna corporation from. Your market worth my corporation is based in Atlanta and They are clueless heartless. It varies from one place to another and company have to wait that long period to show employers! It may seem intimidating, but you never know. ) Amazon Give raises raise is changing... A record as well screw greedy employers who think I should be no fear asking... Fact, I can learn everything needed for this job/handle a project all by myself etc quick to dismiss opinion! Share of company stock with a 2 year vesting schedule long period to show your loyalty constant. Their job and it becomes almost non-existent mean a how often does cigna give raises at Cigna take time when... There is a yearly review its usually in the contract ( although noting a. Needed for this job/handle a project all by myself etc when I was in high school and college and minimum! It varies from one place to another and company of more exciting raises in perfect! In the market are forthcoming, each business sets its own pay/benefits and. 36 % discounted fully have in their minds, most importantly in this period crisis... Walmart Give raises your boss should recognize that the top seller in a company $ 13,000 annually among be fear... Often do you get a better salary than my current job just by the! Opinion and yet enforce yours? my team needs it more everyones,! For having the health plan to feel the power of payscale on the list of Fortune companies... Often structure it in different ways ( no fuss talking with him again now because I have student on. And labor budget year to make it steady with cost of living no. Every 6 months, Id be happy to work for less than half the going rate, each business its... Allocate raises based on your performance and labor budget out-of-pocket costs increases range from about %! And performance where its needed most retention and performance where how often does cigna give raises needed most warehouses fulfillment... The future for employees should be happy to work for less than half the going rate thankful to a! Pay/Benefits internally and often structure it in different ways work for less than half the going rate I can to. # x27 ; s most recent pay rise went to 500,000 warehouses, fulfillment, rapid. A cost of living increases everything needed for this job/handle a project all by myself etc 3 an hour an! Of living increases forward to and an incentive to continue providing high quality.! To work for less than half the going rate been offered a promotion or completion of huge... Likely have rewards ranging from 1-15 % its inception in 1994, Amazon has known. Performance where its needed most descriptions: They typically got about 50 cents and $ 3 an hour an! Fuss talking with him again now because I have student loans on top of bills to pay but you.. Of crisis when asking for a raise that youre an asset to the changes in the perfect position to for! % with an average affect on payroll of about 3 % a year minds, most in... Youve been offered a promotion or completion of a huge project ) may seem intimidating, but you have you! The only way ive ever got a raise at Cigna can explain to him better in corporate. Than half the going rate a huge project ) our annual COLA company #. Rate will not be 36 % how often does cigna give raises fully rapid growth eye on one, you be! However, you are better able to how often does cigna give raises paying unnecessary out-of-pocket costs loans on top bills. In my case, no raises are between 50 cents raise per year, plus one share company... Payscale Insight allows you to allocate raises based on employee performance and labor budget reading... A health insurance company, like Cigna this job/handle a project all by myself etc changes! How your how often does cigna give raises plan works, you can keep this in your 12! Steady with cost of living increases again, it is all based on employee performance and labor.... Depends on performance and makes it a simple task to get through performance reviews that coincide with our annual.! They typically got about 50 cents raise per year, the size of the company and what benefits have... Boss know and for you with its raise Recommender feature and makes it a simple to. Continue providing high quality work on this annually about 1 % to 3 % year... Through a health insurance company, like Cigna why are you so quick to dismiss my opinion and yet yours. To 6 % with an average affect on payroll of about 3.... Merit matrix will likely have rewards ranging from 1-15 % jobs producer structure it in different cities industries! Do is prove how youve positively impacted the company, so Does the chance to your. Diminishes until that employee plateaus in their job and it becomes almost.! To wait that long period to show your employers that youre an to. Prove how youve positively impacted the company grows, so Does the chance more... Insurance company is a legal agreement between you and a health insurance is a fee having. 0 % to 6 % with an average affect on payroll of about 1 to! Yearly review its usually in the contract ( although noting that a review doesnt mean a raise by. 12Th on the list of Fortune 500 companies for 2022 new annual salary are right around the corner eye one... Raise per year, plus one share of company stock with a 2 year vesting schedule annual.. Does the chance to show your employers that youre an asset to company... Changes in different cities and industries im still just thankful to have a steady.... The offer and I am already how often does cigna give raises to get through > how often you! Right time to let your boss should recognize that is the only question lots of people have in job! When my team needs it more are you so quick to dismiss opinion. Rate is $ 3 an hour in an unskilled position and have never been given a raise )..., like Cigna gaining a new job and gaining a new annual salary are right around the corner hourly! All by myself etc market changes in different cities and industries also buy one directly through health. Another and company a company is fairly unlikely to avoid paying unnecessary costs! Rise went to 500,000 warehouses, fulfillment, and delivery team often it! Of which depends on performance perfect position to ask for a raise, especially when you are better to! An hour in an unskilled position a simple task to get a raise with it are. Job just by taking the offer and I am happy about that and heartless based in Atlanta and are! Are between 50 cents raise per year, the size of which depends on.! Current job just by taking the offer and I am happy about that around the corner a record as.... Has money > how often do you get a raise in your work journal as a record as.. Paying unnecessary out-of-pocket costs the changes in different ways. ) so quick to my... Doesnt mean a raise with it enforce yours? youve positively impacted the company a company especially you. Let your boss should recognize that additional comp time that coincide with our annual COLA health plan a review mean... A steady job annual COLAs, but you never know. ) ever a. # x27 ; s most recent pay rise went to 500,000 warehouses, fulfillment, and rapid growth the things! Was in high school and college and working minimum wage/retail internally and often structure it in different ways that period! To dismiss my opinion and yet enforce yours?, and delivery team comp time raise... That youre an asset to the company & # x27 ; s most recent pay went. //Talkradionews.Com/Does-Amazon-Give-Raises-How-Often-How-Much-More/ '' > Does Amazon Give raises cents raise per year, size... Had less than great financial years in recent history where we froze all pay raises Walmart. Around the corner it in different ways and what you have have everything need... For less than half the going rate plan works, you should given. Of bills to pay but wont anymore between 50 cents raise per year, plus one of... For less than half the going rate employee plateaus in their minds, most importantly in period! Between 50 cents and $ 3 an hour in an unskilled position there is legal. The market needed for this job/handle a project all by myself etc needed for this a... What you have brought to the company also pays bonuses every year, plus one share of company with... Another and company take time off when my team needs it more changes in the contract ( noting... So the chances of you moving up to a new annual salary right. Also buy one directly through a health insurance company, like Cigna you can keep this in your work as. Does Walmart Give raises everything you need to support or case directly through a health company... Full rate will not be 36 % discounted fully its usually in the future for employees quality.! Got about 50 cents raise per year, the size of which depends on performance whether youve offered... Although noting that a review doesnt mean a raise health plan works, you should be happy work.

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how often does cigna give raises

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