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That range sounds about right to me.
I've seen as low as 3%. It depends on where you are in the pay band at the time of promotion.
Very true, if you start low it’s a slow climb upward.
Raises should equate to bringing staff up to market rate so that your team doesn’t leave and they feel valued. If they are paid above market rate, sounds like that resource is needed and thus losing them would be more costly to replace.
yeah I've seen it vary greatly from agency to agency, and company to company. What title are you at right now?