Calculate your new pay after a raise using our salary increase calculator. Learn how to calculate a pay increase.
Percentage of Hike
To use a salary increase calculator, simply enter your current salary and the percentage increase that you are expecting. The calculator will then calculate your new salary for you.
For example, if your current salary is $50,000 and you are expecting a 10% pay raise, your new salary would be $55,000.
There are a few different factors that can affect when you can expect a pay raise. These include:
Here are a few tips for negotiating a raise with your boss:
The formula for calculating a pay raise is:
If you know the raise percentage and want to determine the new salary amount, simply multiply the raise percentage by your old salary and add it to your old salary. For example, if your old salary is $50,000 and you receive a 10% raise, your new salary would be $55,000:
If you know your new salary and want to calculate the raise percentage, simply subtract your old salary from your new salary and divide the difference by your old salary and multiply by 100%. For example, if your old salary is $25 per hour and your new salary is $30 per hour, your raise percentage would be 20%:
You can use these formulas to calculate a pay raise on your own, whether you are negotiating a raise with your boss or comparing job offers.
These are just a few simple formulas for calculating a pay raise. You can use these formulas to negotiate a raise with your boss, or to compare job offers.