Pay Raise Calculator and Converter

Career - Job - Salary - Compensation


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Description:

Did you get a wage increase/decrease, new job, promotion or cost of living increase? Use this calculator to determine, double check or verify your new pay rate.

This app calculates your final or post raise pay rate. Inputs include the old pay rate and the raise as a percentage. For flexibility, various pay periods can be selected. Lastly, the weekly hours worked can be updated for individuals and employees who do not work a standard 40 hour week.

Calculation Instructions:

  1. Enter the before raise pay rate.
  2. Select the pay period.
  3. Enter the raise as a percentage (%).
  4. In necessary, update the number of hours worked per week.
Examples:
  1. If you are paid $30.25 per hour, enter 30.25 in the Before Raise Pay Rate edit box and select hour in Pay Is By combo box.
  2. If you are paid $50,000 per year, enter 50000 in the Before Raise Pay Rate edit box and select year in Pay Is By combo box.
Notes:
  1. Overtime pay rates (time and a half or double time) are not incorporated into this app. This app uses base pay rates.
  2. The solutions and graphs are automatically update whenever any inputs is updated or changed.
  3. This web app assumes a year contains 52 weeks.

Inputs:

Parameter Unit Type Unit Used Description
Before Raise Pay Rate Currency Dollars This is the pay rate before the raise or the old pay rate.
Pay Is By Time Hour, week, month, bi-week, semi-month and year. The period for the pay rate.
Raise Percentage Percentage Percent (%) The increase in compensation as a percentage. For a decrease or reduction in pay, a negative percentage can be entered.
Weekly Hours Time Hours The number of hours worked per week. Note, this calculator does not adjust for overtime rates.

Outputs:

Parameter Unit Type Unit Used Description
Before and After Raise Table/Grid Currency Dollars This table displays equivalent pay rates for other time periods.
Yearly Pay Comparison Chart/Graph Not applicable Not applicable Visual display using a bar chart of the before and after yearly pay rates.

Disclaimer:

Use this calculator at your own risk. This calculator may or may not be accurate or reliable. By using this calculator you acknowledge any reliance on this calculator shall be at your sole risk.

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