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No. Companies adjust the salaries of people every year based on the market data for that position which is calculated based on availability of that particular skill in that place, inflation rate of in that country/place, etc.
Where as career development is something that you are playing a bigger role than before at your work....
Pay raise is given due to your good or excellent performance. As there is always a room for improvement, pay raise motivates and inspires you to attain further career improvement to aspire for greater advancement in your chosen career to achieve higher point of success.
Partly yes. If you are given a raise by the management for a job well, that somehow boosts your confidence, insipiring you to further improve yourself. But it's not all that matters in career development - each employee has his or her own concept or standard on this area.
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