What Is The Average Pay Raise In 2024. India inc is expected to raise employee salaries by 9.8% in 2024, up from actuals of 9.2% in 2023, with the manufacturing and life sciences sectors likely to pay. Inflation, market adjustment, cost of labor and pay.

The raise will boost the average base wage to more than $22 an hour, according to amazon. Payscale’s 2024 compensation best practices report, released in march, predicted a higher average base pay increase of 4.5% in 2024.