Average Annual Salary Increase 2024. Employers are planning an overall average salary increase of 4 percent for 2024, according to the latest salary budget planning survey by consulting. Understand what an appropriate salary raise for 2024 looks like.

19% plan to increase pay by. Us employers plan to raise compensation budgets in 2024 by 3.5% for merit increases and 3.9% for total salary increases for nonunionized employees, but that is lower than the.