Average Cost Of Living Salary Increase 2024 . Bankrate’s pay raise survey also found that 64% of. Average actual salary increases hit 5.4% in 2023 as compared to 5.0% in 2022 among organizations in the top 15 economies around the world.
According to payscale’s 2024 compensation best practices report, the average base pay increase given in 2023 was a whopping 4.8 percent, and the average planned for 2024 is 4.5 percent. The tech industry witnessed significant layoffs in july 2024, with over 8,000 professionals losing their jobs across 34 companies.
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