1. What is Salary Percentage Increase?

The salary percentage increase measures how much a salary has grown relative to its original amount. It's commonly used in the UK to evaluate pay rises, job changes, or career progression.

2. How Does the Calculator Work?

The calculator uses the percentage increase formula:

Where:

• New Salary — Current or offered salary amount in GBP
• Old Salary — Previous salary amount in GBP

Explanation: The formula calculates the difference between salaries, divides by the original salary, then converts to a percentage.

3. Importance of Calculating Salary Increases

Details: Understanding percentage increases helps in salary negotiations, comparing job offers, and tracking career progression. It provides a standardized way to compare raises of different magnitudes.

4. Using the Calculator

Tips: Enter both salaries in GBP (pounds sterling). The old salary should be your previous salary, and the new salary your current or offered salary. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Should I include bonuses in the salary amounts?
A: For accurate comparison, use base salaries only. Bonuses can be calculated separately as they're typically variable.

Q2: What's considered a good salary increase in the UK?
A: Average annual increases are typically 2-5%. Promotions may bring 10-20%, while changing jobs might yield 15-30% increases.

Q3: How does this compare to inflation?
A: To calculate real terms increase, subtract the inflation rate from your percentage increase. A 5% raise with 3% inflation equals a 2% real increase.

Q4: Should I use gross or net salary?
A: Always use gross (pre-tax) salary amounts for consistency, as net pay varies based on personal circumstances.

Q5: How do I calculate monthly to annual salary?
A: Multiply monthly salary by 12. For exact figures, multiply weekly salary by 52 or daily rate by working days per year.