1. What is Wage Percentage Increase?

The wage percentage increase measures how much a worker's hourly pay has increased compared to their previous wage. It's a key metric for understanding pay raises, cost of living adjustments, and compensation changes.

2. How Does the Calculator Work?

The calculator uses the percentage increase formula:

Where:

• New Wage — Current or proposed hourly wage
• Old Wage — Previous hourly wage

Explanation: The formula calculates the relative change between two wage values, expressed as a percentage of the original wage.

3. Importance of Wage Increase Calculation

Details: Understanding wage increases helps employees evaluate job offers, negotiate salaries, and track earnings growth over time. Employers use it to plan compensation budgets and assess market competitiveness.

4. Using the Calculator

Tips: Enter both old and new hourly wages in the same currency. The calculator works with any currency as it only calculates the percentage difference.

5. Frequently Asked Questions (FAQ)

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

Q2: How does this differ from percentage point increase?
A: Percentage increase is relative to the original amount, while percentage points refer to absolute differences between percentages.

Q3: Can this calculate decreases too?
A: Yes, if the new wage is lower, the result will be a negative percentage indicating a decrease.

Q4: Should I include bonuses in this calculation?
A: This calculator is for base hourly wages only. For total compensation comparisons, include all benefits and bonuses.

Q5: How often should I calculate my wage increase?
A: Annually or whenever your wage changes significantly to track your earnings growth over time.