Employer Salary Increase 2024. Some employers give larger raises to exceptional employees to retain them while providing standard raises to the rest of the workforce. With the committee’s advancement of the bill, federal employees are another step closer to seeing a 2% federal pay raise in 2025.

That’s actually down a bit from this year’s average of about 4.3%. Organizations predict an average base pay increase of 4.5 percent in 2024, compared to the average of 4.8 percent actually given in 2023.