Raise Percentage Calculator
Calculate the percentage of a salary increase.
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Understand and Calculate Your Salary Increase
Our Raise Percentage Calculator helps you easily determine the percentage increase of a pay raise and see how it translates to your new salary and hourly wage.
What is a Raise Percentage Calculator?
A Raise Percentage Calculator is a simple financial tool for employees to understand the real value of a pay increase. It can calculate the new salary given a percentage raise, or it can work in reverse to determine the percentage increase based on a new salary offer. This helps you quantify the impact of a raise and compare it to inflation and market standards.
How It Works: The Calculation Formula
The calculator uses basic percentage formulas:
New Salary = Current Salary × (1 + (Raise % / 100))
Raise % = [(New Salary - Current Salary) / Current Salary] × 100
Frequently Asked Questions
How do you calculate a salary percentage increase?
To calculate a percentage increase, subtract the old salary from the new salary to find the raise amount. Then, divide the raise amount by the old salary and multiply by 100. The formula is: ((New Salary - Old Salary) / Old Salary) * 100.
What is a good salary raise percentage?
A good annual salary raise percentage is typically between 3% and 5% to account for cost-of-living adjustments and performance. A raise for a promotion or a new job is often significantly higher, in the range of 10-20%.
How do I ask for a 10% raise?
To ask for a 10% raise, schedule a meeting with your manager. Come prepared with a list of your accomplishments, contributions to the company, and market research (using tools like our Salary Negotiation Calculator) that shows your requested salary is fair for your role and experience.
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