What Is The Average Salary Increase For 2024. Deloitte’s latest salary survey shows that increments and promotions in 2024 will be subdued compared to 2023. Actual pay increases in 2024 are 3.6% on average compared to 4% last year, indicating that annual raises are softening in a cooler labor market.
This is lower than the 9.7% increase in 2023. According to the payscale survey, employees in education and healthcare can expect a pay bump of 3.5% or less, while workers at energy companies will enjoy raises of 4.5%.
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