What Is Average Pay Raise For 2024. According to recent data from consulting firm mercer, u.s. Even as inflation slows at the end of 2023, planned salary increases for 2024 remain higher than averages over the past 20 years.

Employers plan to offer an average salary increase of 4% for 2024, according to a new survey from wtw, which advises companies on compensation issues. President joe biden finalized a 5.2% federal pay raise for many civilian employees for 2024.

Employers Are Planning An Overall Average Salary Increase Of 4.0% For 2024.

The 2024 federal pay raise will be an overall average of 5.2% based on biden’s alternative pay plan letter issued at the end of.

Though Down From The Actual Average Increase Of 4.4 Percent In 2023, The Numbers Remain Well Above The 3.1 Percent Salary Increase Budget In 2021 And Years.

That’s according to the latest salary budget planning.

Annual Salary In Q4 Of 2023 Was $59,384.

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Average pay raise in 2015 2.9 percent, That’s down from the actual increase of 4.4% in 2023 but well above the 3.1% salary increase in 2021 and years prior. Organizations predict an average base pay increase of 4.5 percent in 2024, compared to the average of 4.8 percent actually given in 2023.