Salary Budget Increases For 2024 Year. Salary budgets are expected to increase in 2024, despite economic uncertainty, according to surveys by payscale and wtw. And though increases are expected to be down in 2024, they look to remain high, according.
Employers forecast raising their merit increase budgets by 3.5% and total salary increase budgets by 3.8% on average for 2024, according to mercer’s u.s. Total salary increase budgets are projected to rise by 4.1 percent for 2024, on average, a small step down compared to 2023, but still elevated compared to.