"payroll increase" is correct and can be used in written English.
Example: The company gave their employees a generous payroll increase in recognition of their hard work.
3.23pm GMT John Thurso – payroll increase.
Seventy-five percent of this season's formula was $24,339,142, a payroll increase of over $3 million.
Heading into the winter, ownership had not authorized a payroll increase; nor were any players departing through free agency, which would have given the Mets some payroll maneuverability.
The payroll increase used to compute the credit would be capped at $5 million, or a maximum credit of $500,000.
But the Yankees already have one ace making more than $20 million, C. C. Sabathia, and to get Halladay, Cashman might have to appeal to ownership for a payroll increase, as he did last December to sign Mark Teixeira.
He predicted in a letter last summer to Nancy A. Palumbo, director of the lottery, that the payroll increase generated by Empire City at Yonkers Raceway, as the new site would be called, would reach $28 million a year.
Costs rose because of payroll increases and the opening of stores.
– its flower budget, although the overal payroll increased with the two launches.
In the wake of the wage raise, Day told me, he eventually tweaked his prices, but not enough to offset the payroll increases.
For example, total payroll increased by $100 million more in the winning counties, on average, in the six years after the announcement was made.
"It focused the region on its high-growth technology industries, rejuvenated the business community's confidence in Long Island's ability to not only survive defense downsizing but prosper, and led directly to significant job and payroll increases".
