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Salary Secrets: What Is Considered a Big Raise?

Daniel Kurt

The average pay raise in 2019 is expected to be about 3.1%, the highest since 2008, according to professional services firm  Aon's annual survey on U.S. salary increases, which is based on responses from over 1,000 companies. As a result, total cash compensation is actually expected to decline slightly next year, from 15.5% of payroll to 15.2%. Next year, employees in sectors like education and transportation can expect a lower-than-average increase of 2.6% and 2.8%, respectively, according to Aon.