Pay Raise Calculator: Salary Increase Percentage Calculator

Use our pay raise calculator to calculate your salary increase percentage. You can also calculate your new salary if you know the percentage salary hike.

Pay Raise Calculator

How to Use the Pay Raise Calculator

There are two options for this calculator:

1. “Calculate Salary by Raise %” – Use this when you want to calculate a new salary based on a % pay hike.
2. “Calculate Raise % by Salary” – Use this when you want to calculate pay raise % from new salary amount.

You can also select the currency based on your country or the currency in which you are getting your salary. The options are:

• $ (US Dollar)
• € (Euro)
• £ (British Pound)
• ? (Indian Rupee)
• ¥ (Japanese Yen)

How to Calculate Your New Salary from a Raise Percentage?

Use this when you know your raise percentage:

• Enter your Current Salary in the chosen currency and time period
• Enter your Raise Percentage (e.g., enter “5” for a 5% raise)
• Click “Calculate Results”

Example:

Current Salary: $50,000 per year
Raise Percentage: 8%
Result: New salary of $54,000 per year

How to Calculate a Salary Raise Percentage?

Use this when you know both salaries:

• Enter your Current Salary
• Enter your New Salary
• Click “Calculate Results”

Example:

Current Salary: $45,000 per year
New Salary: $48,000 per year
Result: 6.67% raise

Few Tips on Using This Pay Raise Calculator

For Different Work Schedules:

• Part-time workers: Adjust the weekly hours (e.g., 20 hours)
• Contractors: Use hourly rates for more accuracy
• Shift workers: Calculate based on your average weekly hours

For Accurate Results:

• Always use gross salary (before taxes)
• Include only base salary, not bonuses or benefits
• Use consistent time periods (don’t mix hourly with yearly)

Pay Raise Calculator Example Scenarios

Scenario 1: Annual Performance Review

You make $60,000/year currently
Your boss offers a 4% raise
Result: New salary of $62,400/year (+$2,400 annually)

Scenario 2: Job Offer Comparison

Current job: $25/hour
New offer: $28/hour
Result: 12% increase, extra $6,240 per year

Scenario 3: Promotion Evaluation

Current: $4,000/month
Promoted: $4,500/month
Result: 12.5% raise, $6,000 more annually