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"increase offer" is a correct and usable phrase in written English.
For example, you could use the phrase in a business letter like this: "We are pleased to offer you a new employment contract. In order to demonstrate our commitment to you, we have increased the offer to include a signing bonus of $5,000."
Exact(4)
ROCKETS INCREASE OFFER FOR OLAJUWON: The Houston Rockets have increased their offer to center Hakeem Olajuwon to include a third guaranteed year and an added $2 million in salary, the Houston radio station KILT reported yesterday.
Talks broke down last week after the company's latest pay increase offer of 31 pence per hour was rejected by a joint union ballot.
For example, Uber is telling its drivers to go to surge pricing areas in order to increase offer and get more money.
When City Council members meet July 16, they can either do nothing or go back to the city's original 3.5% salary increase offer, Burns said.
Similar(56)
The increase offers further evidence that manufacturers are helping to drive the recovery.
Democrats said the increase offered a sharp contrast to tax cuts for the affluent approved under Republican rule.
[C2.] Rivals Increase Offers for NatWest The Bank of Scotland and Royal Bank of Scotland raised their bids for National Westminster Bank.
As a result, he said, any additional pension increases beyond what he said was a 20percentt increase offered by Yale would force Yale to increase its pension contributions.
The increase offers one of the clearest examples yet of the effect of one-party rule in California.
They are demanding far more than the 6% wage increase offered by their bosses.
The mining unions are demanding far more than the 6% wage increase offered by the gold-mining companies.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com