Average Salary Increase For 2024 Nyc. Us employers are planning an overall average salary increase of 4.0% for 2024, according to a report by wtw. The payscale data tracks with an average increase of 4% for 2024 reported by the salary budget planning survey by advisory services firm wtw.
New york state will raise minimum wage to $16 an hour for employees in nyc, long island and westchester, beginning in 2024, as well as $15 elsewhere in the state. As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state’s minimum wage through 2026, with indexing to inflation starting in 2027.
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