Read this post and get to know in detail about the GS Pay Scale 2024: What will be the GS Pay Scale in the USA for the Year 2024?
GS Pay Scale 2024
With 15 grades and 10 levels in each grade, the GS pay schedule covers almost 400 occupations. Over 1.5 million employees are covered under the General Schedule (GS) pay scale, which is a global pay structure.
You are viewing: When Will The 2024 Gs Pay Scale Be Released
As you may be aware, the Congress has suggested an 8.7% salary increase for 2024, whereas the Biden administration has requested a 5.2% increase. The government wage increase for 2024 is currently one step closer to being finalized.
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Two parts make up the GS Pay Scale 2024: a base salary and a local pay adjustment. If you wish to get into more details regarding the GS pay scale, then you must read this article.
Understanding GS Pay Scale 2024
For professional, technical, administrative, and clerical positions, the majority of civilian white-collar Federal employees are classified and paid under the General Schedule (GS) system.
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Initially, the GS pay scale was intended to maintain federal earnings that were comparable to those of occupations in the private sector. Almost one-third of the approximately 1.5 million federal civilian employees fall under this primary pay scale, which is part of the US civil service.
The U.S. Office of Personnel Management (OPM) is responsible for the government-wide administration of GS classification standards, qualifications, pay structure, and related human resources policies (such as general staffing and pay administration policies).
From GS-1 (lowest) to GS-15 (highest), there are 15 grades in the General Schedule. Each job is assigned a grade by agencies that is determined by the degree of difficulty, responsibility, and credentials needed. According to OPM laws, qualification standards, and agency policy, GS employees may be promoted to higher grades at specific intervals (usually after at least a year).
GS Pay Scale Overview 2024
Article Theme GS Pay Scale Country USA Regulated By U.S. Office of Personnel Management (OPM) Pay Grades GS1-GS15 Expected Rise in 2024 5.2% Rise in 2023 4.8% For Further Information Tap Here
What will be the GS Pay Scale in USA for Year 2024?
The congressional budget or, in the absence of a budget, an executive order set the base pay rates. The new pay rates take effect on January 1st of each year. Annual raises for federal employees typically range from 1 to 3%. Federal personnel were granted a 4.1% raise in 2023, while in 2024, there is an anticipated 5.2% increase in the General Salary Scale.
It is highly probable that the federal pay increase in 2024 will surpass the 4.8% increase for federal employees, mainly due to inflation. As to Biden’s letter in March 2023, the 5.2% pay increase, if it turns out to be the final number, will be split between an average of 0.5% for locale pay areas and 4.7% for an overall pay increase.
Locality pay, a geography-based percentage rate that represents pay levels for non-federal workers in specific geographic areas as established by surveys carried out by the U.S. Bureau of Labor Statistics, is another benefit that most GS employees are eligible for.
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GS Pay Scale Table 2024
There is currently no formal 2024 GS Pay Scale in place. We’ll talk about the anticipated GS pay scale for 2019 in the table that follows.
Grade Scale Step 1 (in US $) Step 2 (in US $) Step 3 (in US $) Step 4 (in US $) Step 5 (in US $) Step 6 (in US $) Step 7 (in US $) Step 8 (in US $) Step 9 (in US $) Step 10 (in US $) WGI 1 21986 22724 23454 24182 24912 25340 26063 26791 26821 27503 Changes 2 24722 25310 26129 26821 27124 27922 28720 29517 30315 31113 Changes 3 26975 27874 28773 29672 30571 31471 32370 33269 34168 35067 899 4 30280 31290 32299 33308 34317 35327 36336 37345 38355 39364 1009 5 33878 35007 36137 37266 38395 39524 40653 41782 42912 44041 1129 6 37765 39024 40283 41541 42800 44059 45318 46577 47836 49095 1259 7 41965 43364 44762 46161 47559 48957 50356 51754 53152 54551 1398 8 46476 48024 49573 51122 52671 54220 55768 57317 58866 60415 1549 9 51332 53043 54755 56466 58177 59888 61599 63311 65022 66733 1711 10 56528 58412 60297 62181 64066 65950 67835 69719 71604 73488 1884 11 62107 64177 66247 68317 70386 72456 74526 76596 78665 80735 2070 12 74441 76923 79404 81886 84368 86850 89332 91813 94295 96777 2482 13 88520 91470 94420 97371 100321 103272 106222 109173 112123 115073 2950 14 104604 108090 111577 115064 118550 122037 125524 129010 132497 135984 3487 15 123042 127143 131245 135346 139447 143549 147650 151752 155853 159954 4101
Note that the 2024 federal pay increase will only be formalized with an executive order, and the 2024 GS pay table will not be finalized until OPM releases the final statistics.
Even though we won’t know the exact percentage increase for each locality pay area until January 2024, we may predict how each GS pay grade’s base pay rates will change before the actual locality pay percentages are determined.
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