Percentage Increase Formula:
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The salary percentage increase measures how much a salary has grown relative to its original amount. It's a key metric for understanding pay raises, job changes, or career progression in Malaysia's job market.
The calculator uses the percentage increase formula:
Where:
Explanation: The formula calculates the difference between the new and old salary as a percentage of the old salary.
Details: Understanding percentage increases helps employees evaluate job offers, negotiate salaries, and track career growth. Employers use it to determine fair raise percentages and compensation adjustments.
Tips: Enter both salary amounts in Malaysian Ringgit (MYR). For accurate results, use gross salary figures before deductions.
Q1: What's considered a good salary increase in Malaysia?
A: Typically 3-5% for annual increments, 10-30% for promotions, and 15-30% when changing jobs, depending on industry and experience.
Q2: Should I include bonuses in the calculation?
A: For comprehensive comparison, calculate both with and without bonuses to understand your base salary growth.
Q3: How does this compare to inflation?
A: To maintain purchasing power, salary increases should at least match Malaysia's inflation rate (typically 2-4% annually).
Q4: What if my salary decreased?
A: The calculator will show a negative percentage, indicating a salary reduction.
Q5: Is this calculation different for contract vs permanent staff?
A: The calculation method is the same, but contract staff in Malaysia often see different increase patterns than permanent employees.