1. What is a Raise Increase Calculator?

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

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Old Pay — Your current salary or hourly rate
• Rate — The percentage increase you're receiving

Explanation: The formula converts the percentage raise to a decimal, adds 1 to represent the total new pay (100% + raise%), then multiplies by your current pay.

3. Importance of Calculating Raise Increases

Details: Understanding your exact pay increase helps with financial planning, comparing job offers, and evaluating the true impact of raises over time.

4. Using the Calculator

Tips: Enter your current pay (hourly or salary) and the raise percentage you're receiving. The calculator will show your new pay amount and the actual dollar increase.

5. Frequently Asked Questions (FAQ)

Q1: Should I enter my salary before or after taxes?
A: Enter your gross (before tax) pay amount, as raises are typically calculated on gross pay.

Q2: How do I calculate an hourly raise?
A: Enter your current hourly rate and raise percentage - the calculator works the same for hourly and salaried employees.

Q3: What if my raise is a flat dollar amount?
A: Convert it to a percentage first: (Raise Amount ÷ Old Pay) × 100 = Raise Percentage.

Q4: How do multiple raises compound over time?
A: Each raise builds on your new base pay. For multiple raises, calculate them sequentially.

Q5: Does this account for cost of living increases?
A: This calculates the mathematical increase. To compare against inflation, you'd need separate inflation data.