Shrm 2024 Salary Increase Projections. A july survey of some 31,000 employers by wtw found that organizations predict a 3.9% jump in 2025, while also finding that roughly half (47%) reported that their salary budgets. Organizations, predicted that employers are budgeting an average salary increase of 4 percent.

Employers are planning for 3.5% pay raises on average next year—a dip from the past couple of years—due to a cooling. This article features information about the human resources demand in 2024 from addison group’s 2024 workforce planning guide.