1. What is a Salary Increase Calculator?

The Salary Increase Calculator helps you determine the difference between your old and new salary, expressed both in absolute dollar terms and as a percentage increase. This is useful for evaluating job offers, raises, or career progression.

2. How Does the Calculator Work?

The calculator uses simple formulas:

Where:

• New Salary — Your current or proposed salary
• Old Salary — Your previous salary

Explanation: The calculator shows both the absolute dollar increase and the relative percentage change, giving you a complete picture of your salary change.

3. Importance of Salary Increase Calculation

Details: Understanding your salary increase helps in financial planning, evaluating job offers, negotiating salaries, and tracking career progression over time.

4. Using the Calculator

Tips: Enter your old and new salaries in USD. The calculator will automatically compute the increase amount and percentage. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Should I include bonuses in my salary?
A: For accurate comparison, use base salary only unless you're comparing total compensation packages.

Q2: What's considered a good salary increase?
A: Typically 3-5% is standard for annual raises, while 10%+ may indicate a promotion or significant role change.

Q3: How does this compare to inflation?
A: To determine real wage growth, compare your percentage increase to the current inflation rate.

Q4: Should I negotiate based on percentage or dollar amount?
A: Both are important - percentage shows relative growth while dollar amount reflects actual purchasing power.

Q5: How often should I calculate my salary increase?
A: At minimum annually, or whenever considering a new job offer or promotion.