NEW YORK (CNNMoney.com) -- Pay raises are expected to rebound next year after being severely stunted by the recession, a new survey showed Wednesday.

Companies are planning median merit increases of 3% for 2010, according to human resources consulting firm Watson Wyatt, which polled 235 large U.S. employers in May.

While that's below the 3.5% raise workers received in both 2008 and 2007, it would be an improvement over the 2% salary increase employers plan to give out this year, Watson Wyatt said.

Source CNN.com