throw_infla_22's comments

And I'll add a thought in response to OP: if you're going to quit because of money, you should be doing it because your salary is too low, not because your raise was too small. Some of the places handing out big raises this year stiffed people last year, and vice-versa.

Yes. I (director) normally get (total salary * 3%) to hand out for annual cost of living adjustments, this year it is (total salary * 7%). This is at a ~2000 person US software company you've probably never heard of with so-so pay.

Throwaway for obvious reasons.