How do you calculate a pay raise?

Multiply the current pay by the raise percentage to find the raise amount, then add that amount to the current pay.

Can I use this for hourly or salary raises?

Yes. The calculator works with any current pay figure as long as you are comparing the same pay basis before and after the raise.

What is yearly impact?

It is the extra amount earned over a full year when the raise amount is multiplied by the number of pay periods you enter.

Quick Tool Labs

Pay Raise Calculator

Use this pay raise calculator to estimate the raise amount, new pay, and yearly impact from a current pay amount and raise percentage.

Calculator

Current pay

Raise (%)

Pay periods per year

Raise amount$0.00

New pay$0.00

Yearly impact$0.00

Enter current pay, raise percentage, and yearly periods to estimate a raise.

How this pay raise calculator works

This calculator multiplies the current pay by the raise percentage to find the raise amount, adds that amount to the current pay, and then multiplies the raise amount by the yearly periods to estimate annual impact.

Raise amount = current pay x (raise % / 100)

It works for hourly pay, weekly pay, or any other pay basis as long as the pay amount and yearly periods match the same unit.

Examples

Example 1

A 10% raise on $25 per hour adds $2.50, bringing pay to $27.50.

Example 2

If that hourly raise applies over 2,080 work hours in a year, the yearly impact is $5,200.

Example 3

A 0% raise leaves both the raise amount and yearly impact at zero.

Frequently asked questions

Can I use hourly pay here?

Yes. Set pay periods per year to the number of yearly hours if you want the annual impact from an hourly raise.

Can I use annual salary instead?

Yes. Enter the annual salary as current pay and use 1 as the periods-per-year value.

What if the raise percentage is zero?

The raise amount and yearly impact will both be zero, and the new pay will match the current pay.