Yahoo Finance If You Have One of These 15 Jobs, You’re Likely To Get a Pay Raise in 2024
If inflation has been taking a big bite out of your paycheck, you might be in luck if you hold one of the jobs most likely to see a pay raise in 2024. These jobs are predominantly in industries that are seeing increasing demand, such as healthcare, manufacturing and information technology.
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In addition, some federal employees will be seeing significant pay bumps this year as a result of the Biden Administration’s 5.2% average increase for civilian employees that’s included in the Fiscal Year 2024 Budget — the largest increase in more than 40 years.
Here’s a look at the 15 jobs that are most likely to get a pay raise in 2024, as identified by Resume Genius.
1. Lawyers and Judicial Law Clerks
Average salary: $161,680
Pay growth 2021-2022: 10.57%
Job growth: 40,100 vacancies annually
Why pay is expected to increase: Demand for legal services is at a 15-year high.
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2. Software and Web Developers, Programmers and Testers
Average salary: $124,940
Pay growth 2021-2022: 9.87%
Job growth: 179,500 vacancies annually
Why pay is expected to increase: Demand for software engineers and developers is projected to increase by 25% over the next decade.
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3. Financial Analysts and Advisors
Average salary: $116,770
Pay growth 2021-2022: 9.81%
Job growth: 61,300 vacancies annually
Why pay is expected to increase: Employers use higher salaries as a tool for retaining top talent and filling vacancies.
4. Recreation and Fitness Workers
Average salary: $41,870
Pay growth 2021-2022: 9.21%
Job growth: 130,700 vacancies annually
Why pay is expected to increase: Employment of recreation workers and fitness trainers/instructors is projected to grow faster than the average for all occupations.
5. Database and Network Administrators and Architects
Average salary: $110,400
Pay growth 2021-2022: 7.77%
Job growth: 40,200 vacancies annually
Why pay is expected to increase: Growing demand for data management systems in every sector of the economy is driving increased demand for skilled network professionals.
6. Passenger Vehicle Drivers
Average salary: $42,420
Pay growth 2021-2022: 7.01%
Job growth: 131,900 vacancies annually
Why pay is expected to increase: Growth of ride-sharing platforms and the increasing need for transportation services is driving demand and higher pay for drivers.
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7. Sales Representatives (Wholesale and Manufacturing)
Average salary: $83,080
Pay growth 2021-2022: 6.79%
Job growth: 148,000 vacancies annually
Why pay is expected to increase: Steady demand for sales representatives.
8. Computer Support Specialists
Average salary: $64,410
Pay growth 2021-2022: 6.37%
Job growth: 66,500 vacancies annually
Why pay is expected to increase: Strong demand for technical support professionals.
9. Healthcare Support Occupations
Average salary: $41,280
Pay growth 2021-2022: 6.23%
Job growth: 257,100 vacancies annually
Why pay is expected to increase: Demand for healthcare workers is expected to increase.
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10. Designers
Average salary: $56,450
Pay growth 2021-2022: 6.19%
Job growth: 67,100 vacancies annually
Why pay is expected to increase: Consistent demand for design services, growing need for specialized skills in this industry and the economic value that good design brings to products and services.
11. Driver/Sales Workers and Truck Drivers
Average salary: $48,240
Pay growth 2021-2022: 6.12%
Job growth: 445,000 vacancies annually
Why pay is expected to increase: Shortage of professional truck drivers.
12. Health Practitioner Support Technologists and Technicians
Average salary: $42,600
Pay growth 2021-2022: 6.07%
Job growth: 87,700 vacancies annually
Why pay is expected to increase: Healthcare services continue to be in high demand.
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13. Healthcare Diagnosing or Treating Practitioners
Average salary: $89,440
Pay growth 2021-2022: 5.78%
Job growth: 20,200 vacancies annually
Why pay is expected to increase: Overall growth of the healthcare sector and the rising demand for specialist medical care for America’s aging population.
14. Therapists
Average salary: $88,800
Pay growth 2021-2022: 5.61%
Job growth: 51,700 vacancies annually
Why pay is expected to increase: Surge in demand for mental health services.
15. Metal and Plastic Machine Workers
Average salary: $47,020
Pay growth 2021-2022: 4.89%
Job growth: 97,800 vacancies annually
Why pay is expected to increase: Adoption of more advanced tools that require computer programming skills to operate.
Data is sourced from Resume Genius and is accurate as of Jan. 17, 2024.
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