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How It Works
Enter your current pay rate, choose the pay period, and type in the raise percentage. The calculator applies the formula New Pay = Old Pay × (1 + %/100) and converts the result across hourly, weekly, bi-weekly, semi-monthly, monthly, and yearly periods so you can see the full impact at a glance. For a pay cut, enter a negative percentage.
Example Problem
You earn $50,000/year and receive a 5% raise. What is your new salary?
- Raise amount: $50,000 × 0.05 = $2,500
- New salary: $50,000 + $2,500 = $52,500/year
- That works out to about $25.24/hour (at 40 hrs/week), up from $24.04.
Frequently Asked Questions
What is a good annual raise percentage?
The average annual raise in the U.S. is roughly 3–4%. A raise of 5% or more is considered above average and is common during promotions or when switching roles. Cost-of-living adjustments typically track inflation at 2–3%.
How do I convert hourly pay to annual salary?
Multiply your hourly rate by the number of hours you work per week, then multiply by 52. For example, $25/hr × 40 hrs × 52 weeks = $52,000/year.
Does this calculator account for taxes?
No. This shows gross pay before taxes. Your actual take-home increase will be smaller after federal, state, and payroll tax withholdings. Use a paycheck calculator for net pay estimates.
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