Every employee hopes to be rewarded for their hard work with a raise. However, it can be challenging to determine if you are receiving a fair salary. This is where benchmarking comes in. Benchmarking is the process of comparing your salary to other similar jobs in your industry. In this article, we will discuss the average yearly raise and how you can benchmark your salary growth to ensure that you are being fairly compensated for your work. What is an Average Yearly Raise? An average yearly raise is the typical percentage increase in salary that an employee receives each year. This increase is typically given to reflect the cost of…