Average Salary Increase For 2024 Nyc. The survey also reports u.s. For 2024, they expect to grow their salary increase budgets by a further 4.1 percent—a small step down from 2023 but still well above the prepandemic trend of around 3.0 percent.
That figure is slightly lower than in 2023, when raises averaged 4.4%, but still tops the roughly 3% increase companies were offering in previous years, the consulting firm found. The 2024 report reveals that employees in the municipal workforce that identify as asian, black or african american, hispanic or latino and other race/ethnicities (abhlo) earn $0.84 for every $1 paid to white city employees.
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