Salary Increase 2024 Update. Announced in his third state of the nation address (sona). At the current rate, indeed’s tracker forecasts posted wage growth to reach the 2019 average of 3.1% in late 2023 or early 2024.

How a strategic approach will make your 2024 salary increases more effective. Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.