Here's a little information for anyone that's interested. This is the pay scale for... lets just say a Company in the Southern area of the US.
These are 2019 numbers. You can multiple by the company's average adjustment of +2%.
These numbers are for all salaried employees in the parent company and subsidiaries.
For reference:
Grade 3: Engineer III, just out of college
Grade 4: Engineer II, engineer with ~2 yr. experience
Grade 5: Engineer I, engineer with 4-5 yr. experience
Grade 6: Engineer Sr., engineer with 6+ yr. experience
Grade 7: Supervisor
Grade 8: Manager
The company generally keeps employees between the minimum and average values (at least for the worker bees). If you are at or above average, your raise will only be around 1%. If your pay is below the average, your raise will generally be 2-4%. The company generally likes to promote people once they reach the average value.
However, things started to change when I was with this company. When I got promoted from Engineer II to Engineer I, I only got a 2.5% raise (the standard used to be 6% with a promotion) and that put me at $74k/yr (based on my job, I should've been around $80k). So I was a Grade 5 and barely making the minimum. This was after 5 years with the company. I quit 2 weeks later.