1. What is the Salary Increase Calculator?

The Salary Increase Calculator helps you calculate your new salary after a percentage increase. It's useful for salary negotiations, performance reviews, and financial planning.

2. How Does the Calculator Work?

The calculator uses the salary increase formula:

Where:

• \( Old\ Salary \) — Your current salary amount
• \( Increase\ \% \) — The percentage increase as a decimal (e.g., 5% = 0.05)
• \( New\ Salary \) — Your salary after the increase

Explanation: The formula calculates the new salary by adding the percentage increase to your original salary.

3. Importance of Salary Increase Calculation

Details: Understanding salary increases helps in financial planning, career progression decisions, and ensuring fair compensation during job changes or promotions.

4. Using the Calculator

Tips: Enter your current salary and the percentage increase you expect or have been offered. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How do I calculate the actual raise amount?
A: Subtract your old salary from the new salary: Raise Amount = New Salary - Old Salary

Q2: What if I have multiple increases?
A: Calculate each increase sequentially, using the new salary as the base for the next calculation.

Q3: How does this work with compound increases?
A: For annual increases, the calculator shows the immediate effect. For compound growth over multiple years, you would need to calculate each year separately.

Q4: What currency should I use?
A: Use any currency - the calculator works with all currency types as long as you're consistent with your input and interpretation.

Q5: Can I calculate salary decreases?
A: Yes, enter a negative percentage for salary decreases, though the calculator currently validates for positive values only.