Is a 4.7% raise good?

Yes, a 4.7% raise is generally considered very good, falling above the typical 3-5% standard raise and closer to what high-performers or those in high-demand industries might receive, especially if it's not tied to a promotion, indicating strong recognition of your value. While a promotion can yield 10-20%, 4.7% is a significant merit increase that beats inflation and market averages, making it a positive outcome.

Is a 4.7 raise good?

I consider anything under 5% just keeping up with inflation - not really a raise. 5-9% is a mild raise. Good if your industry is in rough times. 10%+ is a healthy raise.

Is 4% a good yearly raise?

4% is pretty good for a merit increase. 2-3% is more typical. Most companies aren't going to increase their merit increases just because inflation is higher this year.

Is a 5 percent raise good for salary?

Yes, a 5% raise is generally considered good, often above the standard 3-5% cost-of-living/merit increase, especially if it's annual and not tied to a promotion, keeping pace with or exceeding inflation and market averages. However, its value depends heavily on your specific industry, location, performance, and the current economic climate, with higher increases (6-10%+) being common for top performers or in high-demand fields. 

Is 4.4% a good raise?

Without being promoted, 2-3% is pretty normal... 4-5% would be considered good.

The Best Way To Ask For A Raise (And Get It)

Is a 4% payrise good?

A 4% pay rise is slightly below the current European average of 5.0% (Ravio 2026 Compensation Trends report). Whether it's "good" depends on context.

How much is a 4 percent raise?

A salary increase of 4% refers to a 4 percent increase in your current salary. To calculate this, multiply your current salary by 0.04 (4 percent expressed as a decimal). Add this amount to your original salary to get your new salary with a 4 percent raise.

What is a normal yearly raise?

Companies typically offer employees a 3-5% pay increase on average. Even if this range doesn't seem like a reasonable raise to you, keep in mind that consistent wage increases can add up over time, providing you with a higher income than what you received when you started at the company.

What is considered a good raise in 2025?

A good raise in 2025 typically falls in the 3.5% to 4% range, aligning with average company budgets, but top performers can see closer to 5-6%, while anything above 8% is considered a big raise, often requiring promotions or job changes, with higher figures possible in high-demand fields like tech or for specialized skills like CPA certification. 

What does a 5% raise look like?

For example, if you are currently earning $20 per hour and receive a 5% raise, your new hourly wage will be calculated as follows: 5% of $20 is $1 (0.05 * 20 = 1) Add this increase to your current wage: $20 + $1 = $21. New Hourly Wage: $21 per hour.

What is considered a decent pay raise?

A good pay rise is typically 3-5% for standard performance, but a great one can be 8% or higher, especially with promotions, significant achievements, or if your salary is below market rate. The ideal amount depends on your performance, industry, location, and the cost of living, with many employees expecting more (around 8%) than employers often budget for (around 3-4%).
 

What is a realistic salary increase per year?

Most employers give their employees an increase of around 3% per year. Consistent job switching may have an impact on the rate at which your salary increases. Your paycheck shouldn't be the only thing on your radar, so don't forget to consider benefits and other forms of compensation.

What should I do if my raise is low?

Seek Clarification: Schedule a meeting with your manager or HR to understand the reasons behind the lower-than-expected increase. They may provide insights into company budget constraints, performance evaluations, or market conditions. Sometimes it has nothing to do with you.

Is $10,000 a year a good raise?

A $10,000 raise is worth much more

Earning more now means contributing more to your retirement. Earning more now means having more money to invest. It's not easy to negotiate an increased job offer, but you're likely leaving over $500k on the table if you don't at least try.

What is a good raise for high performers?

Consider implementing recommended ranges for pay increases based on performance levels. For instance, a 4-6% range for exceptional performance and a 0-1% for performance that's below expectations.

How much raise should I ask after 1 year?

In general, you should ask for a raise no more than once a year and not before you've been in your position for at least six months. Many companies offer a cost of living increase, but if you had a great evaluation or you've recently taken on additional responsibilities, it's not out of line to ask for 10-15%.

Is a 4.5% raise good?

Yes, a 4.5% raise is generally considered good, as it's above the typical 3-4% merit increase and aligns with or exceeds recent average raises and cost-of-living adjustments, making it a solid performance-based gain, though exceptional circumstances (like a promotion with new responsibilities) might warrant higher percentages. 

What is a 3% raise on $20 an hour?

A 3% raise on $20 an hour adds $0.60 to your hourly rate, making your new wage $20.60 per hour ($20 x 0.03 = $0.60). This small increase amounts to an extra $24 per week (40 hours x $0.60) or about $104 monthly, helping to offset rising costs. 

What salary increase should I expect in 2025?

A good raise in 2025 typically falls in the 3.5% to 4% range, aligning with average company budgets, but top performers can see closer to 5-6%, while anything above 8% is considered a big raise, often requiring promotions or job changes, with higher figures possible in high-demand fields like tech or for specialized skills like CPA certification. 

Is 4.7% raise good?

Performance-based raises

Research indicates that employers who reward employees exceeding expectations might offer an average merit increase of 4.7%. As a top performer, don't hesitate to ask for more than the standard raise percentage. Your hard work justifies this request.

Is it better to get a bonus or raise?

One of the most notable differences between bonuses and raises is the duration of the compensation. Bonuses are one-time, short-term financial rewards. A raise is an increase to your current salary for the foreseeable future and provides more long-term benefits.

How to calculate a 4 percent raise?

It's calculated by comparing the difference between the old and new salary against the original salary.

1. Formula: (New Salary – Old Salary) ÷ Old Salary × 100 = Salary Increase Percentage.
2. Example: If an employee's annual salary rises from $50,000 to $52,000: ($52,000 – $50,000) ÷ $50,000 × 100 = 4% increase.

Is 5% a decent raise?

U.S. workers believe that, on average, an annual 8.2% pay increase is fair and reasonable, according to a recent labor market report from San Francisco-based finance company NerdWallet. The median, however, is lower at 5%, according to the company's January survey of 2,087 U.S. adults.

Is 4% a good increment?

As a general guideline, annual raises are typically a 3–5% increase for cost-of-living adjustments or merit-based increases. However, in high-demand industries or regional job markets, a 6–10% increase may be necessary to stay competitive and retain good talent.

What does a 4% pay rise mean?

The 4% pay award would see pay packets increase by over £1,900 for the average classroom teacher, which would take the median salary for 2025/26 to over £51,000 a year. You can calculate how your salary could change following the 2025 pay award here.