What Is The Average Salary Increase For 2024. Us companies raised their budgets for employee salary increases by an average of 4.4 percent in 2023. Organizations are predicting an average base pay increase of 4.5% in 2024, according to payscale’s 2024 compensation best practices report.
Payscale—a provider of compensation data, software and services—reports that its eighth annual salary budget survey found pay increases in 2024 are predicted to be 3.8% on average in the u.s., instead of. Mostly large us corporations are projecting an average increase in their base pay budgets of 3.9% for next year, according to a new survey of 300 compensation leaders across.