1. What is the Salary Raise Calculator?

The Salary Raise Calculator helps you determine your new salary after a percentage increase. It calculates both your new pay amount and the actual dollar amount of your raise.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Old Pay — Your current salary amount
• Rate — The percentage increase (e.g., 3 for 3%)

Explanation: The formula converts the percentage increase to a decimal, adds 1 to create a multiplier, and applies it to your current salary.

3. Understanding Salary Increases

Details: Salary raises are typically expressed as a percentage of your current pay. This calculator helps you understand the actual dollar impact of a proposed raise percentage.

4. Using the Calculator

Tips: Enter your current salary (without commas) and the raise percentage you're expecting or negotiating. The calculator will show your new salary and the amount of increase.

5. Frequently Asked Questions (FAQ)

Q1: Should I enter the percentage with or without the % sign?
A: Enter just the number (e.g., for 5% raise, enter "5" not "5%").

Q2: How do I calculate my raise if I know the dollar amount?
A: Divide the dollar increase by your current salary and multiply by 100 to get the percentage.

Q3: Does this account for taxes or deductions?
A: No, this shows gross salary increase before any deductions.

Q4: Can I use this for hourly wage increases?
A: Yes, enter your annualized hourly wage (hours × wage × 52 weeks) for yearly comparisons.

Q5: How does compounding work with multiple raises?
A: Each raise builds on the previous salary. For multiple raises, calculate them sequentially.