Average Cost Of Living Salary Increase 2024. 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. This is down from the 2% general/cola that was provided.

Various news outlets have reported that most employers are only planning to increase salaries by an average of 4% in 2024, which is a slight decrease from the average. Organizations are predicting an average base pay increase of 4.5% in 2024, according to payscale’s 2024 compensation best practices report.