Salary Minimum Wage 2024 Shrm. The amount of the jan. Employers are planning an overall average salary increase of 4 percent for 2024, according to the latest salary budget planning survey by consulting firm wtw, which surveyed more than.

Salary increases for the year are coming in lower than employers projected back in fall 2023, indicating that pay raises look to be trending downward after years of substantial. To combat rising living costs, the central government has increased minimum wages for workers in the unorganised sector.