Salary Increase 2024 For Private Employees. Average salary hike in 2024 by india inc would be 9.5%, according to hr solutions firm aon's latest survey on salaries in india. Us employers plan to raise compensation budgets in 2024 by 3.5% for merit increases and 3.9% for total salary increases for nonunionized employees, but that is lower than the increases of.

The contribution limit for employers in the private sector has been raised from 10% to 14% of the employee’s basic salary. A subcommittee approved 22 of 25 pay raise requests for state agency heads, citing inflation and competition with the private sector.