US Salary Increase Budgets 2023–2024
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US Salary Increase Budgets

The annual Salary Increase Budgets Survey reports how much companies plan to increase salaries and bonuses in the coming year across industry and revenue group.

US Salary Increase Budgets 2023–2024

October 17, 2023

Total salary increase budgets in 2023 are significantly above prepandemic levels and are projected to remain elevated in 2024, according to our latest survey, US Salary Increase Budgets 2023–2024.


CEO Insight Minute: What Will 2024 Salary Increase Budgets Look Like?

Facing labor shortages, companies have raised their salary increase budgets more than at any time since 2001.


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