Pay raise Calculator: Calculate pay raise
Pay raise
Pay raise increase
5.00%
Hourly increase
$1.00
Current pay
raise
New pay
Hourly
$20.00
$1.00
$21.00
Daily
$160.00
$8.00
$168.00
Weekly
$800.00
$40.00
$840.00
Monthly
$3,466.67
$173.33
$3,640.00
Yearly
$41,600.00
$2,080.00
$43,680.00
Pay raise calculator
The pay raise calculator will help you give an insight into how much your salary is going to increase, given the current salary and the new salary rate, the increase amount or the increase percentage.
Frequently asked questions
How to calculate a percentage increase in salary?
To calculate a percentage increase, you divide your current salary times 100 and multiply by the percentage of your raise. For example, a 3% raise on a $40.000 salary is an extra $1.200, making the new salary $41.200.Increase = Current pay / 100 × Raise percentage
How to calculate a salary increase with a fixed amount
To calculate a fixed increase, you can just add the amount to your current salary.