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My salary didn’t move for 4 years (2022-now) but I did explore other opportunities in the market and I was well adjusted to the market and could not find something that paid as well or more. I’m actively looking now and still struggle to find something competitive. Recruiters have straight up told me I’m priced out of some roles they have.
Pro
I have never been somewhere where I didn't get a merit raise for that long. The company I was working for back in 2007-2008 froze pay raises around the time the housing market and economy tanked, but it didn't last for 4 years!
Generally 3%. If you want bigger jumps than that you gotta move companies.
3-5% I believe is fair annual increase depending on performance.
I was promised after 90 day probation, a review with performance compensation which never happened. At 1 year in I asked for review and was not worthy of an adequate increase and was awarded well under 3%. This year I am looking for 5% or will pursue other companies. I feel my performance, time and expertise in my field are worth every bit of that at a minimum.
I would focus less on year to year and more on average over several years. I graduated in 2011 and have 4x my initial salary which I feel is good. But there were years of no to little raises but also years of 12-20% increases. If you beginning to see a trend of no to little raises that is when you should start looking but wouldn’t make a drastic decision over 1-2 years.
I would say NO to that question. If it is in a contract you both signed not just verbal that you were promised a certain percentage per whatever time period than yes. But no employer is to pay more than minimum wage by law.
Pro
Typically 2.5-3% is standard for many companies. The smallest merit raise I ever received was around 1.25%, and I started looking shortly after that.