2024 Salary Increase Projections

2024 Salary Increase Projections. In terms of regional benchmarks, though, india is leading on salary growth. Going into 2025, organizations are anticipating pay increases of 3.5% in the u.s.

Employers plan to raise compensation budgets in 2024 by 3.5% for merit increases and 3.9% for total salary. In 2023, 96% of organizations increased salaries (compared to 63% in 2020) as overall salary increase budgets and total compensation spend reached new heights.