Average Salary Increase For 2024. Average actual salary increases hit 5.4% in 2023 as compared to 5.0% in 2022 among organizations in the top 15 economies around the world. That growth is still high relative to the recent past.

A survey by payscale , businesses. Indian companies expect to raise employee salaries by 9.8% in 2024, close to the 10% increase in 2023, making india the country with the highest salary hikes in asia.