The 2023 Executive actual increase came in at 5.6%. Contractors are projecting a 2024 executive increase of 4.7%. Historically predictions are about .3% to .5% low, so we expect the 2024 year-end actual increase to grow by year end. The actual 2023 increase compared to the 2023 projected increase was .9% higher, so it is possible we will see this same trend in 2024 (or not – see below). For comparison, WorldatWork is projecting a 4.1% average increase for all executives in 2024.
Marcum is a national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals.
LEARN MOREHeadquarters
730 3rd Avenue
11th Floor
New York, NY 10017