Pay Raise Calculator
Determine the percentage and amount of your salary increase.
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Evaluating Your Pay Raise: Is It Enough?
Receiving a pay raise is exciting, but it's important to understand what it means in real terms. Calculating the percentage increase helps you compare it against inflation and industry standards.
The Formula: `((New Salary - Old Salary) / Old Salary) * 100 = Percentage Increase`.
A 3% raise might sound good, but if inflation is at 4%, your real purchasing power has decreased. Use this tool to see the numbers clearly and prepare for salary negotiations.