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Although the average pay raise for 2013 is projected to average just 2.9 percent, according to Forbesâ citation of the U.S. Compensation and Planning Survey, a salary increase doesnât have to fit the national average and can be taken on a case-by-case basis.
10% each year is a lot. 2%-3% each year (cost of living) and 12%-15% on promotion. 20% on new job at a new company. You'll notice that 3% CoL is implied as the only raise you can get outside of a promotion / title change. Therefore, my point was appropriate that companies should offer raises above CoL.