1. What is Hourly Pay Increase Percentage?

The Hourly Pay Increase Percentage measures how much an hourly wage has increased compared to the original wage. It's expressed as a percentage of the original pay rate and helps employees understand the magnitude of their raise.

2. How Does the Calculator Work?

The calculator uses the percentage increase formula:

Where:

• New Hourly Pay — The current or proposed hourly wage
• Old Hourly Pay — The previous hourly wage

Explanation: The formula calculates the difference between new and old pay, divides by the old pay to get a decimal, then converts to percentage by multiplying by 100.

3. Importance of Pay Increase Calculation

Details: Understanding your pay increase percentage helps in financial planning, comparing job offers, and negotiating salaries. It provides a clearer picture than just dollar amounts.

4. Using the Calculator

Tips: Enter both old and new hourly pay amounts in dollars. The calculator will show the percentage increase. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What's considered a good pay increase percentage?
A: Typically, 3-5% is standard for cost-of-living adjustments, while 10%+ may indicate a promotion or significant raise.

Q2: How does this differ from absolute dollar increase?
A: Percentage increase shows relative change, which is more meaningful when comparing raises across different pay levels.

Q3: Should I include bonuses in this calculation?
A: This calculator is for base hourly pay only. For total compensation comparisons, consider all earnings components.

Q4: What if my pay decreased?
A: The calculator will show a negative percentage, indicating a pay reduction rather than an increase.

Q5: How often should I calculate my pay increase?
A: Calculate whenever you receive a raise, change jobs, or are considering a new job offer to understand the impact.