Enter your initial pay and a percentage increase into the calculator below to determine your new pay rate.
- Future Value Calculator
- Depreciation Calculator
- Certificate of Deposit Calculator
- Hourly Pay Calculator
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
- 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.
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.


Related Terms
pay raise calculator |
pay raise formula |
how to calculate pay raise |
salary increase calculator |
salary increase percentage |
pay increase calculator |
pay raise calculator percent |
pay rise calculator |
salary raise calculator |
how to calculate salary increase percentage |
how much is a 2 percent raise |
how to calculate salary increase |
wage increase calculator |
salary raise percentage calculator |
how to calculate raise percentage |
how much is a 3 percent raise |
how to calculate salary increase percentage in excel |
percent raise calculator |
how much is a 10 percent raise |
how to calculate a raise |
how to calculate pay increase |
salary increase percentage calculator |
calculate raise |
how to calculate percentage of salary |
merit increase calculator |
yearly raise calculator |
how to calculate a 3 raise |
how to determine salary increase percentage |
annual salary increase calculator |
pay raise calculator with taxes |
how much is 2.8 percent raise |
how to figure out raise percentage |
pay raise calculator over time |
2.5 increase in pay |
salary increase calculator over time |
how to calculate salary increase based on inflation |
how to calculate wage increase |
calculate my raise |
pay increase percentage |
how to calculate pay increase percentage |
how much will my raise increase my paycheck |
how much is a 2.8 percent raise |
pay increase percentage calculator |
how to calculate your raise |
prorated merit increase |
how to calculate merit increase |
how much is a 4 percent raise |
how to find percentage increase in salary |
how to calculate pay raise percentage |
how to calculate 3 percent raise |
salary raise calculator over time |
annual pay raise calculator |
paycheck raise calculator |
how to calculate percentage for salary |
how to figure raise percentage |
wage raise calculator |
yearly salary increase calculator |
how to calculate a 2 percent raise |
5 percent increase in salary |
prorated salary increase calculator |
how to compute salary increase |
salary calculator with raises |