Salary Increase 2024 Update Today Uk. It's also slightly lower than the latest figure from the eurozone, which also stands. The 2024 nlw rate is £11.44, a 10 per cent increase in cash terms on the 2023 nlw (£10.42).
According to the latest salary budget planning survey by wtw, a leading global advisory, broking and solutions company, uk employers are budgeting an average increase of 4.4% in 2024, which though down from the actual average increase of 5.1% in 2023 and closer to average 2022 pay rises of 4.3% is still well above the 2.8% salary. Uk employees can expect lower salary increases as employers reduce hiring plans for 2024, with a widening wage gap seen between private and public sector workers.
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