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COLA is 2.8% for SS for 2026, 2% is lower for an employer
There's really only one way to get a decent raise - job hop. If you are happy with your and pay then you can stay.
Raises in the industry have been stuck in the low single digits for a while. Getting 2% is low, but it's most likely not far off from what others in your organization are getting. You might get a raise if you move on to another job, but this isn't a great time for that.
are you at a public accounts firm? Three years in public you should be a senior, where you promoted? 2% is low, but some firms have had a really bad year!
It is both of those things. It's low, but it's also the norm right now. Job hunting is still the best way to get a big salary increase, but jobs are scarce so you might be putting in months of effort to make it happen.