Cost-Of-Living Increase 2024 Private Sector Increase. Over the last decade the cola increase has averaged about 2.6 percent. Pay settlements set to fall for rest of 2024 as employer expectations on future wage rises drop for first time since the pandemic.
Pay settlements set to fall for rest of 2024 as employer expectations on future wage rises drop for first time since the pandemic. Employers will need to balance tightening.