What's a Good Salary Increase?

Companies typically offer employees a 3-5% pay increase on average. Even if this range doesn't seem like a reasonable raise to you, keep in mind that consistent wage increases can add up over time, providing you with a higher income than what you received when you started at the company.

Is a 6% raise good?

Good news on the salary budget growth front, and that most companies are still doing merit increases in a down economy. As for the average increase for high performers, 5-6% is nice, but it won't protect your best talent.

What is a good raise 2020?

So far in 2020, the budgeted mean pay raise is 2.9% and the median is 3%. Those numbers are the same for the projected budgets for 2021. The median budgeted pay raise is in line with the years past at 3%. However, the mean budgeted pay raise falling from 3.2% to 2.9% tells an important story.