What Is The Average Salary Increase For 2024

What Is The Average Salary Increase For 2024. The data highlights the dramatic salary increase experienced by workers as they transition from the 20 to 24 to the 25 to 34 age group. Average actual salary increases hit 5.4% in 2023 as compared to 5.0% in 2022 among organizations in the top 15 economies around the world.

Raises above the average raise percentage can satisfy your employees and avoid high turnover rates. Three out of four companies likely to offer over 9% pay increase;