1. What is the Salary Increase Calculator?

The Salary Increase Calculator computes your new salary after a percentage increase, which is particularly useful for Philippine employees to understand their adjusted compensation after annual raises or promotions.

2. How Does the Calculator Work?

The calculator uses the salary increase formula:

Where:

• Old Salary — Current salary in Philippine Pesos (PHP)
• Rate — Percentage increase (e.g., 5 for 5% increase)

Explanation: The formula calculates the new salary by applying the percentage increase to the original salary amount.

3. Importance of Salary Calculation

Details: Understanding salary increases helps employees in financial planning, evaluating job offers, and making career decisions in the Philippine job market.

4. Using the Calculator

Tips: Enter your current salary in PHP and the expected percentage increase. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How is the salary increase typically determined in the Philippines?
A: In the Philippines, salary increases are often based on company performance, individual performance evaluations, inflation rates, and industry standards.

Q2: What is the average salary increase in the Philippines?
A: Average annual increases typically range between 3-8%, though this varies by industry, company, and individual performance.

Q3: Are salary increases mandatory in the Philippines?
A: While not generally mandatory, many companies provide annual increases. The minimum wage is adjusted periodically by regional wage boards.

Q4: How does this differ from a promotion increase?
A: Promotion increases are typically higher than annual merit increases and may include changes in job grade and benefits.

Q5: Should bonuses be included in salary calculations?
A: No, this calculator focuses on base salary increases. Bonuses are typically calculated separately in Philippine compensation packages.