Salary hike Calculator :-A Salary Hike Percentage Calculator is a simple tool designed to help employees and employers calculate the percentage increase in salary based on the previous and current salary figures. It’s useful for understanding how much your income has increased in relative terms after a raise or promotion
Why Use a Salary Hike Calculator?
✅ To easily determine the percentage of salary increase.
✅ To compare salary growth over different periods.
✅ To help in financial planning and assessing career progression.
✅ Useful for HR professionals during appraisals and performance reviews.
How Does It Work?
The calculator takes two inputs:
- Previous Salary (before the hike)
- New Salary (after the hike)
It then uses the following formula:
Hike %=(New Salary−Old SalaryOld Salary)×100\text{Hike \%} = \left( \frac{\text{New Salary} – \text{Old Salary}}{\text{Old Salary}} \right) \times 100Hike %=(Old SalaryNew Salary−Old Salary)×100
Example: salary increase percentage calculator
• Old Salary = ₹50,000
• New Salary = ₹60,000
Hike %=(60,000−50,00050,000)×100=20%\text{Hike \%} = \left( \frac{60,000 – 50,000}{50,000} \right) \times 100 = 20\%Hike %=(50,00060,000−50,000)×100=20%
So, you received a 20% salary hike.
Step-by-Step Guide:
Find the difference between the new and old salary.
→ New Salary – Old Salary
Divide the difference by the old salary.
→ (Difference) ÷ Old Salary
Multiply by 100 to get the percentage.
→ Result × 100
Key Benefits:
• Instant and accurate calculations
• Easy to use, even without a finance background
• Saves time during annual reviews or negotiations