Average Salary Increase Australia 2024

Average Salary Increase Australia 2024. The average promotion salary increase is coming in lower, as well — at 9.2%, down from 9.4% in 2023. Wages growth is not expected to rise above inflation until 2024 the earliest, meaning that workers can’t expect a real pay increase for at least another four years.

Australia’s top paid graduate roles revealed amid warning from experts. The public sector recorded the highest quarterly (0.9 per cent) and annual (3.0 per cent) wage growth for the sector in a decade.