2024 Salary Increase Projections. Now, in 2023, average actual salary increases in the 15 largest economies have hit 5.4%, according to data from the july edition of wtw’s salary budget planning report, and. Wtw), a leading global advisory, broking and solutions company, organizations are budgeting an.

Varma voted for a change in stance to neutral. Organizations are predicting an average base pay increase of 4.5% in 2024, according to payscale’s 2024 compensation best practices report.