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Raise Percentage Formula:
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The Raise Percentage Increase Calculator helps you determine the percentage increase in your salary or wages when you receive a raise. It calculates both the percentage increase and the actual dollar amount of the raise.
The calculator uses the raise percentage formula:
Where:
Explanation: The formula calculates the relative increase from your old salary to your new salary, expressed as a percentage.
Details: Understanding your raise percentage helps you evaluate job offers, negotiate salaries, track career progression, and compare compensation changes over time. It provides a standardized way to measure salary growth regardless of the actual dollar amounts.
Tips: Enter your old salary and new salary in dollars. Both values must be positive numbers, and the new salary should be greater than the old salary for a valid calculation.
Q1: What is considered a good raise percentage?
A: A typical annual raise is 3-5%, while promotions may bring 10-20%. Exceptional performance or job changes can result in 20%+ increases.
Q2: Should I calculate raise percentage on gross or net salary?
A: Always use gross salary (before taxes and deductions) for accurate percentage calculations and comparisons.
Q3: How does this differ from cost of living adjustments?
A: This calculator shows total percentage increase. Cost of living adjustments are typically smaller (2-3%) and meant to keep pace with inflation.
Q4: Can I use this for hourly wage increases?
A: Yes, convert hourly wages to annual salaries by multiplying by hours worked per year, or use the same percentage calculation directly on hourly rates.
Q5: What if my new salary is lower than my old salary?
A: The calculator requires the new salary to be higher than the old salary. For salary decreases, a different calculation would be needed.