What Is the Average Salary Increase?

What Is the Average Salary Increase?

As of a study performed in 2014, the average raise is around 2.9 percent, according to compensation consultant Towers Watson. At the time of the study, the annual salary among workers was about $40,560, states the Bureau of Labor Statistics.

The 2014 2.9 percent increase in the average salary matches the average rate of the previous year, notes compensation consultant Towers Watson. At the time of the study inflation was at 2.1 percent. Top performers of the study averaged 4.5 percent raises. Workers who were rated average got only a 2.6 percent increase. USA Today reporter Gary Strauss implies that minimal raises may cause more company turnover.