No pay rise is pretty common in most companies in most years. You should think about what you really want. Do you want higher comp? Or do you want to work less? or a change to a different role? Promotion? Time off? Dont ask us what is best for you.
I want my pay to keep up with inflation - I understand that with 20 years of experience I'm at the top of where and engineer can get, but if my raises don't match inflation I'm getting a pay cut. If you really mean to give me a pay cut, then be honest about it.
