What Is The Average Salary Increase For 2024. What can uk employees anticipate in terms of salary increases for 2024? South african employers are forecast to increase pay by an average of 6.1% in 2024 in an attempt to attract and retain staff amid high inflation and a challenging labour market.

This represents an increase of 2,1% compared to the first quarter of 2023. 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.