Employer Cost Of Living Increase 2024. Employers are reaching their 2024 salary consensus, and itโs a good one for employees: Employers are planning an overall average salary increase of 4.0% for 2024, in contrast to many economists predicting lower u.s.
A cola changes benefits based on changes in consumer prices. Employers plan to raise compensation budgets in 2024 by 3.5% for merit increases and 3.9% for total.