Shrm Salary Increase Guidelines For 2024. Employers are planning an overall average salary increase of 4 percent for 2024, according to the latest salary budget planning survey by consulting firm wtw, which. Department of labor proposed a fair labor standards act rule in august that would require employers to pay overtime to all workers paid less than roughly $55,000 when they work more than.
Effective july 1, 2024, the salary. The july 1 increase updates the present.