2024 Average Salary Increase. Studies show a projected decrease in the average raise percentage in 2025 due to the settling labor market. Payscale, gartner and worldatwork project pay increases for 2024 should exceed the rate of inflation.
Employers are planning an overall average salary increase of 4 percent for 2024, according to the latest salary budget planning survey by consulting firm wtw, which surveyed more than. And 81% of those in canada say that their 2024 salary increase budget is the same or higher compared to last year.