1. What is Salary Percentage Increase?

The salary percentage increase measures how much a salary has grown compared to its original amount. It's a standard way to compare salary changes across different income levels in the UK job market.

2. How Does the Calculator Work?

The calculator uses the percentage increase formula:

Where:

• New Salary — Your current or proposed salary in GBP
• Old Salary — Your previous salary in GBP

Explanation: The formula calculates the difference between salaries, divides by the original amount to get a ratio, then converts to percentage by multiplying by 100.

3. Importance of Salary Increase Calculation

Details: Understanding percentage increases helps employees evaluate job offers, negotiate salaries, and track career progression. Employers use it to determine fair raises and compensation adjustments.

4. Using the Calculator

Tips: Enter both salaries in GBP (before tax). For accurate comparisons, use annual salaries and ensure both figures are either gross or net.

5. Frequently Asked Questions (FAQ)

Q1: What's considered a good salary increase in the UK?
A: Typically 2-5% maintains purchasing power with inflation. 10%+ indicates significant promotion or job change.

Q2: Should I include bonuses in salary calculations?
A: For precise comparisons, calculate separately. Bonuses are variable while base salary is fixed.

Q3: How does this compare to real wage growth?
A: Subtract inflation rate from percentage increase to determine real wage growth.

Q4: Is this calculation different for hourly wages?
A: The formula works the same, but convert hourly to annual equivalent first (hours × wage × 52 weeks).

Q5: How often should I calculate my salary increase?
A: Annually, or whenever changing jobs/roles. Track over time to assess career progression.