Most employees in the US will get a 'Peanut Butter'-style pay raise – here’s what it means

​US pay raises 2026​: Get ready for a change in your 2026 pay raise. Many companies are moving to a flat, across-the-board increase for all employees. This means your performance this year might not directly impact your pay bump. The average raise is expected to stay at 3.5%. Top performers may receive bonuses or promotions instead.