Pay and salary

Pay Raise Calculator

Enter your current pay and the raise you were offered or are asking for, as a percentage or a flat amount. You will see the new pay hourly and annually, and exactly how much the raise is worth per month and per paycheck. Negative numbers work too, so you can model a pay cut honestly.

My current pay is Current pay amount ($) The raise is Raise amount (% or $; negative means a pay cut) Hours worked per week Weeks worked per year

How it works

Percentage raise: new pay = current pay × (1 + raise % ÷ 100). Flat raise: new pay = current pay + the flat amount. Annual and hourly figures are converted using your hours per week and weeks per year, the same way as the Hourly to Salary Calculator.

Worked example

At $25 an hour (40 hours a week, 52 weeks, $52,000 a year), a 5% raise gives a new rate of $26.25 an hour and $54,600 a year. The increase is $2,600 a year, $216.67 a month, $100 per bi-weekly paycheck.

Frequently asked questions

How do I work out my salary after a percentage raise?

Multiply your current pay by 1 plus the raise as a decimal. A 5 percent raise on $52,000 is 52000 x 1.05 = $54,600. The increase is $2,600 a year, about $217 a month.

Is a flat raise or a percentage raise better?

It depends on your current pay. A flat $2,000 raise is worth 5 percent at $40,000 but only 2 percent at $100,000. Convert both offers to the same terms with this calculator before deciding.

This calculator gives an estimate for planning. Figures are gross pay before tax. See the disclaimer.