1. What is YoY Raise Percentage?

The Year-over-Year (YoY) Raise Percentage calculates the percentage increase or decrease in salary from one year to the next. It helps employees and employers understand salary growth and compensation adjustments over time.

2. How Does the Calculator Work?

The calculator uses the YoY Raise formula:

Where:

• \( \text{New Salary} \) — Current or proposed salary amount
• \( \text{Old Salary} \) — Previous salary amount

Explanation: The formula calculates the relative change in salary as a percentage of the original salary, providing a standardized measure for salary growth comparison.

3. Importance of YoY Raise Calculation

Details: YoY raise percentage is crucial for career planning, salary negotiations, performance evaluations, and understanding compensation trends in the job market.

4. Using the Calculator

Tips: Enter both old and new salary amounts in currency format. Ensure both values are positive numbers to get accurate results.

5. Frequently Asked Questions (FAQ)

Q1: What is considered a good YoY raise percentage?
A: Typically, 3-5% is considered standard for cost-of-living adjustments, while 5-10% or more may indicate promotions or exceptional performance.

Q2: Can the result be negative?
A: Yes, if the new salary is lower than the old salary, the result will be negative, indicating a salary decrease.

Q3: Should I include bonuses in the salary calculation?
A: For accurate YoY comparison, use base salary only. Bonuses can be calculated separately as they may vary significantly year to year.

Q4: How often should I calculate my YoY raise?
A: Typically calculated annually during performance reviews or when considering job changes to track career progression.

Q5: Does this account for inflation?
A: No, this calculates nominal raise percentage. For real raise percentage, you would need to adjust for inflation separately.