What Is The Average Salary Increase For 2024

What Is The Average Salary Increase For 2024. 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. The cipd’s report also shows that fewer employers expect their workforce to grow than in previous quarters.

The median expected basic pay increase in the private sector has fallen from 5% to 4% since the last quarter while pay expectations in the public sector have fallen further from 5% to 3%. Some organisations are planning a pay freeze (12%).