2024 Cost Of Living Increase For Employees Increase. With the expected adjustment for cost of living for 2024 at 8.7%, if you give an employee an annual salary increase of $10,000, you will need to adjust that amount to. Employers say they are embracing more workplace flexibility (63 percent);.

It’s the largest base pay increase since the carter administration nearly 40 years ago. Calculating the cola for fers.