Got my compensation letter today. I didn't expect anything great, but a 2% increase is disappointing; it doesn't even cover inflation. And the bonus has dropped so much from previous years, it gives you no motivation to go out of your way and 'exceed expectations' anymore. It seems like it doesn't really matter, since you're at the company's mercy and whatever they decide to give your department.
Definitely looking for a new job, outside the business. In the meantime, just doing my job exactly as specified, no more, no less. Not going out of my way anymore, thats for sure...