Heida Kristan

2024 Cost Of Living Increase For Employees. This is down from 2023’s actual increase of 4.4%, but. If you plan to offer a cost of living raise this year, you can do so most efficiently.

If you plan to offer a cost of living raise this year, you can do so most efficiently. To determine the appropriate wage increase for 2024, you need to look at various factors, including your company’s revenue, to determine what level of pay raise you can afford to give your best employees.