2024 Average Salary Increase. 1 the state is followed by: New mexico saw the biggest increase in earnings compared to the previous year, with average salaries rising by 6.5%.
Companies expect to give out 4.5% raises this year โ a dip from the 4.8% average bump given in 2023, per a new survey of human resources professionals out. Employers plan to offer an average salary increase of 4% for 2024, according to a new survey from wtw, which advises companies on compensation issues.