Barbi Dorthea

Cost Of Living Increase 2024 Salary. Employers plan to offer an average salary increase of 4% for 2024, according to a new survey from wtw, which advises companies on compensation issues. Despite signs of a possible recession, canadian workers are forecast to receive an average salary increase of 3.6 per cent in 2024, according to a new survey by normandin beaudry.

With the expected adjustment for cost of living for 2024 at 8.7%, if you give an employee an annual salary increase of $10,000, you will need to adjust that amount to $10,870 to account for inflation. See how far your salary will go to maintain your standard of living using our cost of living calculator.