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What is another word for salary increase?

7 synonyms found

Pronunciation:

[ sˈaləɹi ˈɪnkɹiːs], [ sˈaləɹi ˈɪnkɹiːs], [ s_ˈa_l_ə_ɹ_i_ ˈɪ_n_k_ɹ_iː_s]

A salary increase is a term used to describe an increase in your pay, but it can also be referred to as a pay raise, salary hike, pay bump, wage boost, or salary uptick. These terms all refer to the same concept of receiving more money for the work you perform. A salary increase can be given as a result of good job performance, promotion, or market demand. Regardless of how it is received, a salary increase is always a positive change in one's financial situation and can provide a sense of job satisfaction and motivation to continue to perform at a high level.

Synonyms for Salary increase:

How to use "Salary increase" in context?

The average yearly salary in the United States increased by 2.7% from 2015 to 2016, according to the Bureau of Labor Statistics. This puts the average salary at $55,494. Over the past decade, wages have increased by an average of 2.5%. In light of increasing labor costs, employers are often forced to give out salary increases to their employees. However, not all salary increases are created equal. Some employees may feel that a modest increase is more than they deserve while others may feel that a sizable increase is warranted. It is important to weigh the benefits and drawbacks of each possible salary increase before making a decision.

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