How it works
New pay = current pay × (1 + raise % ÷ 100). Raise % = (new pay − current pay) ÷ current pay × 100. Yearly pay = hourly rate × hours per week × weeks per year, and monthly pay = yearly pay ÷ 12.
Worked examples
- A 4% raise on $18.00 an hour: $18.00 × 1.04 = $18.72. That is $0.72 more an hour, or $1,497.60 more a year at 40 hours × 52 weeks.
- From $45,000 to $48,000 a year: (48,000 − 45,000) ÷ 45,000 × 100 = a 6.67% raise.
- From $15.50 to $16.25 an hour: $0.75 more, a 4.84% raise, or $1,560 more a year at 40 hours × 52 weeks.
Common questions
How do I work out my raise percentage?
Subtract your old pay from your new pay, divide by your old pay and multiply by 100. Choose “New pay” above and the calculator does it for you.
Is the raise before or after tax?
Before. The calculator works with gross pay, so the increase in your take-home pay will be smaller.
What if my hours change too?
Change hours per week. The yearly and monthly figures use the hours you enter.