Pay Raise Calculator

Enter your initial pay and a percentage increase into the calculator below to determine your new pay rate.

Pay Raise Formula

The following formula is used to calculate a pay raise.

NP = OP * (I/100+1)

  • Where NP is the new pay rate
  • OP is the original pay rate
  • I is the percentage increase in pay

Pay Raise Definition

A pay raise is an increase in wages for a job based on performance or increase responsibilities.

How to calculate a pay raise?

How to calculate a pay raise

  1. First, determine your original pay

    Use the hourly rate your company gives you or your salaried rate.

  2. Next, determine the pay increase

    This should be a percentage increase.

  3. Calculate your new pay rate

    Enter the information from steps 1 & 2 into the calculator to determine your new pay rate.

FAQ

What is a pay raise?

A pay raise is an increase in wages for your job that arises from good performance or a change in responsibilities.

pay raise calculator
pay raise formula