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

How to calculate a pay raise

**First, determine your original pay**Use the hourly rate your company gives you or your salaried rate.

**Next, determine the pay increase**This should be a percentage increase.

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

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