Salary Increase Budget 2024. Salary budgets are expected to increase in 2024, despite economic uncertainty, according to surveys by payscale and wtw. Employers found annual merit increase budgets increased by 3.3%, on.
Organizations are predicting an average base pay increase of 4.5% in 2024, according to payscale’s 2024 compensation best practices report. Compensation planning survey of more than 1,000 u.s.
