The 4 Percent Raise is the “New Normal” According to Salary.com Trending Data
For the third consecutive year, the results show most companies are planning a median raise of 4 percent across all employee categories, from hourly employees to executives.
- For the third consecutive year, the results show most companies are planning a median raise of 4 percent across all employee categories, from hourly employees to executives.
- “For more than ten years the median raise was 3 percent but the 2022 bump to 4 percent has persisted,” said David Turetsky, vice president of compensation consulting at Salary.com.
- “While the 4 percent raise remains intact, some of the larger salary increases in the 5 to 6 percent range may have peaked,” said Turetsky.
- Meanwhile, Houston’s 2023 median salary increase was above average at 5 percent, likely a result of the energy industry's higher than average increases.