Average Pay Raise Percentage 2024. Employers are planning an overall average salary increase of 4 percent for 2024, according to the latest salary budget planning survey by consulting. Companies expect to give out 4.5% raises this year — a dip from the 4.8% average bump given in 2023, per a new survey of human resources professionals out wednesday morning.

A survey by payscale, businesses. Usaa also had the best rates in our study at just $1,293 per year versus the study average of $1,978.