What is a Raise Calculator?
A raise calculator helps you determine how much of a salary increase you will receive after a raise, based on your current salary and the percentage of the raise. This tool is designed to calculate your new salary after a raise and give you the raise percentage.
Raise Calculator
What is a Raise Calculator?
A raise calculator helps you compute the percentage increase in your salary after a raise. It allows you to input your current salary and the raise percentage to calculate your new salary and the amount of the raise.
How to Use the Raise Calculator
Simply enter your current salary and the percentage of the raise you expect. The calculator will then show you the amount of your raise, as well as your new salary after the raise is applied.
Formula of Raise Calculator
The formula used by the raise calculator is as follows:
New Salary = Current Salary + (Current Salary * Raise Percentage / 100)
Advantages of a Raise Calculator
- Quick and easy to use
- Helps employees plan their financial future
- Provides a clear view of salary increments
Disadvantages of a Raise Calculator
- May not account for tax deductions or other factors
- Does not consider company-specific compensation structures