1. What is Year-Over-Year Salary Growth?

Year-over-year (YoY) salary growth measures the percentage change in your salary from one year to the next. It's a key metric for understanding your career progression and financial growth.

2. How Does the Calculator Work?

The calculator uses the YoY growth formula:

Where:

• Current Year Salary — Your current annual salary
• Previous Year Salary — Your salary from the previous year

Explanation: The formula calculates the relative change between two annual salary figures, expressed as a percentage.

3. Importance of Tracking Salary Growth

Details: Monitoring your YoY salary growth helps assess career progress, negotiate better compensation, and make informed financial decisions.

4. Using the Calculator

Tips: Enter both current and previous year salaries in dollars. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What's considered a good YoY salary growth rate?
A: Typically 3-5% is standard for cost-of-living adjustments, while 10%+ indicates significant career progression.

Q2: Should I include bonuses in the calculation?
A: For accurate comparison, use base salary only. Bonuses can be calculated separately.

Q3: How does this differ from month-over-month growth?
A: YoY growth compares annual figures, smoothing out seasonal variations in monthly comparisons.

Q4: What if my previous salary was zero?
A: The calculation requires a positive previous salary. If transitioning from unemployment, consider absolute change instead.

Q5: How often should I calculate this?
A: Annually, typically after salary reviews or job changes.