Merit Increase Predictions For 2024. Wtw), a leading global advisory, broking and solutions company, organizations are budgeting an. This figure, matching last year's.

India inc is expected to raise employee salaries by 9.8% in 2024, up from actuals of 9.2% in 2023, with the manufacturing and life sciences sectors likely to pay out the highest. Companies plan to increase salaries in 2024 at the same level or higher than this year, according to the company’s salary budget survey,.