Raise Percentage Formula:
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The raise percentage measures how much a salary has increased compared to the original salary. It's expressed as a percentage and helps employees understand the relative value of their salary increase.
The calculator uses the raise percentage formula:
Where:
Explanation: The formula calculates the difference between new and old salary, divides by the old salary to get the relative increase, then converts to percentage by multiplying by 100.
Details: Understanding your raise percentage helps you evaluate job offers, negotiate salaries, and track career progression. It provides a standardized way to compare raises regardless of salary level.
Tips: Enter both old and new salary amounts in dollars. The calculator will show the percentage increase. Both values must be positive numbers.
Q1: What's considered a good raise percentage?
A: Typically 3-5% is standard for cost-of-living adjustments, while 10%+ may indicate a promotion or significant role change.
Q2: How does raise percentage differ from absolute raise?
A: Percentage shows relative increase (better for comparison), while absolute shows dollar amount (better for budgeting).
Q3: Should bonuses be included in this calculation?
A: Only if comparing total compensation. For base salary comparisons, use base salary amounts only.
Q4: What if my salary decreased?
A: The formula will show a negative percentage, indicating a pay cut rather than a raise.
Q5: How often should I calculate my raise percentage?
A: Annually, or whenever your salary changes significantly to track your career progression.