1. What is Wage Percentage Increase?

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

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 the two wage values, expressed as a percentage of the original wage.

3. Importance of Wage Increase Calculation

Details: Understanding percentage increases helps employees evaluate raises, compare job offers, and track wage growth over time. Employers use it to determine fair compensation adjustments.

4. Using the Calculator

Tips: Enter both wage values in the same currency. The old wage must be greater than zero for the calculation to work.

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 absolute increase?
A: Absolute increase shows the direct dollar difference, while percentage shows the relative change compared to the original wage.

Q3: Should I include benefits in this calculation?
A: This calculator focuses on base wage only. For total compensation comparisons, you'd need to factor in benefits separately.

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

Q5: How often should I calculate my wage increase?
A: It's useful to calculate with each pay change, and annually to track your overall compensation growth.