When it’s time for annual performance reviews, if you plan on including pay raises, you need to know the simple math behind calculating pay increases correctly. Raises can be based on any number of things including a worker’s piers, standard industry rates, length of time on the job, the amount of work to do, and even whether or not the boss likes the employee or not. There are few, if any, laws that govern how and when increases are granted, so it’s up to you to determine what you’re willing to give.
Timesheets.com has a free pay raise calculator that can help.
Calculating the Percentage
Generally, you will want to increase their pay by some percentage. The national average pay increase generally hovers between 3% to 3.5% depending on the year. The trend is to reward top performers with a higher than average pay raise and average workers with lower pay raises.
I have written about percentage before – in the post about calculating sales tax – now we’ll relate percentage to pay increases.
When your employee is ready for a pay increase, decide what percentage is fair and then do the following calculation:
(current rate)(percent increase)=(increase)
Step 1: Convert the percentage into decimal form
This is pretty basic, but you need to convert the percentage into a real number that you can use to multiply by the employee’s current pay rate. To do this, simply move the decimal two places to the left. For a 3% increase, you will use .03.
Step 2: Multiply the employee’s current pay rate by that decimal
If your employee makes $15/hour, then you have: 15x.03=.45. So your employee’s increase is 45 cents per hour. For an employee who makes a salary of $45,000/year, then you have: 45,000x.03=1,350. So your salaried employee’s pay increase is $1,350 per year.
Why You Have to Convert the Percent
This is just a little theory and not needed to do the problem.
The percent symbol is used to tell you something about the number it sits beside. Percent means ‘parts per hundred’. So if a % sign sits beside a 3, it really means 3 parts per 100. You don’t need to know this to calculate a pay increase but it might help you to understand why you need to convert the percent into decimal form to begin with. 3% tells us we need to multiply our pay rate by 3 pieces of a hundred.
Do you remember what the decimal places mean? The first decimal place is the tenths place and the second is the hundredths place. This is why when we convert our percent we have to move two places – we have to open up the hundredths place.
Automatic Pay Raise Calculations
The Human Resources Documents within the Timesheets.com time tracking service calculates pay raise percentage as well as keeps record of changes. Record keeping is required by the FLSA for all sorts of things related to payroll.
Can you tell me I currently make 10:50 dollars an hour just got 3% pay raise what will my new hourly wage be.
Sure Kathy. I can help you. Find 3% of $10.50 per hour by multiplying 10.5 by .03. That equals .315. So your new hourly wage will be $10.50 + .315 = $10.815
I am getting a 2% raise at 11.35.57 an hour.this will be retro from November 2016.how much is this?
If your hourly rate is (X) dollars, then you plug your raise percent amount (Y) into the following equation (use a calculator if you wish):
(X)*(1+((Y)/100) )=(New Pay)
Example: Current pay=$(10) per hour ; raise of (5%), the following equation illustrates this formula:
$10.50 dollars per hour
Hi, if i get pay increase of 2 % on $37K salary a year then how much will I make at the end of 5 years at 2% annual increase?
that’s a $740 increase per year. x 5 = $ 3,700 at the end of 5yrs.
So the change in the yearly amount doesn’t increase the 2% increase each year. How does the 2% increase stay the same all 5 years? I would think that in year two the 2% is mutliplied by $37,740 instead of $37,000 and so on. Please help….
Hi Rhonda, I hope this helps
pay increase of 2 % on $37K salary a year then how much will I make at the end of 5 years at 2% annual increase?
P 37000 A= 40850.98972
I am getting a 3% raise on $1843, what will I be making after that?
First, you need to multiply your current rate by the decimal value of your raise percentage. 1843 x 0.03 = 55.29. Next, add your current wage to the previous value you calculated to get your new wage. So, $1843 + $55.29 = $1898.29.
$37,000.00 x 2% = $740.00 increase year 1 – end of year 1 total $37,740.00
$37,740.00 x 2% = $754.80 increase year 2 – end of year 2 total $38,494.80
$38,494.80 x 2% = $769.90 increase year 3 – end of year 3 total $39,264.70
$39,264.70 x 2% = $785.29 increase year 4 – end of year 4 total $40,049.99
$40,049.99 x 2% = $801.00 increase year 5 – end of year 5 total $40,850.99
Hey i make 19hr and got a 25 percent raise how much is that
First you will multiply your current hourly wage by the decimal value of your raise (19.00 X 0.25= 4.75). You will then add the total to your hourly wage (4.75 + 19.00= 23.75). Your new hourly wage is $23.75.
Hi,i get paid 10.50 x hr and 4% of the service charge,if we have to divide $13,730 with 9 more servers,how much are we supposed to get?
If I make 19.78 and got a 10% raise how much do I make now
I get paid 10.50 with 3% how much is that
Increase pay if 2.5 i get payed 14.40 how much would that be?
I assume you are referring to a 2.5% increase on a $14.40 hourly wage. If that’s not correct, please clarify so I can assist you further. First, you will convert 2.5% into decimal form, which is 0.025. You will then multiply the decimal increase by your current hourly wage, which is 0.025 X 14.40 = 0.36. Add 0.36 to 14.40, and you’ll get a total of $14.76/hour
Hi I make 17.16 an hour but I’m suppose to be getting a 3.5 percent raise how much will I be making now
Hi Peggie, my husband makes 10.50 an hr and recently got a 2.5% increase. In his performance he got exceeds on everything. So can ypu tell me how it end up being a 4 cent raise ?
It should be an .2625 increase.
10.50 * .025 or 2.5% = .2625
10.50+.2625= $10.7625 an hour
Can you help me with mine please? I make 10.89 and just got a 6.25% raise
can you tell me what
A worker earns $29.50 per hour. If she receives a 9 and one half
% pay raise, what is the amount of her hourly raise?
You would multiply the employee’s current hourly wage by the decimal value of 9.5%. $29.50 X 0.095(raise) = 2.8025. The employee will get an increase of $2.8025 per hour, which totals to $32.3025 per hour.
So i have a question towards ur answer lets say its 3.5% and pay is 10 65 it would be .035 right so 10.65 + .372
Yes, that is correct. You will get a $0.372 raise, making the hourly rate $11.023
I use to make 13.33 hr I got 3% raise so what’s my new salary rate?
First you need to multiply your current hourly rate by the decimal value or your raise percentage ($13.33 x 0.03= 0.3999). Next, you’ll add the total value to your current hourly rate ($13.33+$0.3999= $13.72/hr). To find your yearly salary, you need to multiply your new hourly rate by the amount of hours that you’re going to work in the year. Now, assuming that you’re full-time and work every day, you’re expected to work about 2,080 hours each year. 2080 X 13.72= ~$28,537 annual salary.
I got 1 percent raise every six months for 1 year what was my actual raise for the year
You need to multiply your hourly wage or salary by 1 percent (0.01). For example, if you make $15/hr and get a 1% raise at the end of 6 months, you will multiply 15 X .01. That equals 0.15. Your pay after 6 months would be $15.15.
I make 9.76 anf gonna get a 2% raise how much will I make
Hello Beverly. Multiply your hourly rate by .02 and you get 19 cents. So your new hourly rate will be $9.95 per hour.
Hello, Can you help me? I have employees that work 40 hour weeks and this is not an issue for their percentage of increase. I also have compressed workers that receive 4 hours of OT every day they work. How can I figure out the percentage to give them in comparison to the 40 hour a week employee?
I make 14.21 an hour. I just received a 2% raise. How much will i be making an hour
You will want to multiply your hourly wage by the decimal value of your increase. In this case, you would multiply 14.21 X 0.02 = 0.2842. Add your current hourly wage to this number 14.21 + 0.2842 = 14.49. Your new wage would be $14.49.
I’m confused ok if I get 752 in ssi and I get an increase of 1.6% how much is that
I’m unfortunately not familiar with SSI, but I can tell you that a 1.6% increase of 752 is 12.032. So, all together you’re looking at a change from 752 to 764.032.
i need to figure the equation differently. at an increase of $.48 with a 3.5% increase what is the rate of pay before ?
We can just plug in what we know to the formula and solve. Rate(%) = increase
R(.035) = .48
Now divide both sides by .035 to get R = .48/.035
R = 13.71
Hi if I make 19.28 HR and I got a 1.2% raise who much would I be making a hr
You’ll be making 23 cents more per hour so that will bring your hourly rate up to 19.51.
Hi I make $9.75 an hour and got a 1% pay raise. How much would that be?
That would be a 9 cent raise.
I make 10.00 a hour I’m getting a 30% raise how much would that be
You will now make 13 an hour!!! Congrats!!! ?
Hi If I make 17 a hour and got a 2.8 % increase how much will I be making ?
It’s a 10c raise
So, a 3% increase from 3189 would be $95.67. Is that correct?
That is correct.
I’m getting a 5% raise and I make $20 now. What will I be making once I get this raise
If you don’t know how much 5% of $20 then the answer to your question “what will I be making once I get this raise?” is … TOO MUCH!
I make 18.15 a hr & getting a 2% raise how will I be making hrly. Thanks
Hi there. 18.15 multiplied by the decimal value or 2% (0.02) equals 0.363. 0.363 + 18.15 equals $18.513 per hour
I make $13.18 hr I got a 2% rase how much do I make now
I make 10.25 and I just got a 25% raise how much will I make
You would make 12.81.
10.25 x .25= 2.5625, round that off to 2.56
2.56+ 10.25= 12.81
Get paid $15.25 what is 18% raise?
Hello I make $16.50 an hour and I just got a $80.47 (3.0%)per month raise. How much will my new hourly pay be?
Currently paid $9.00 and my shift difference is.75 geting a 2% raise how much is that??
18.00 per hour for a 5% increase is?
Hello I make$14.90 a hour and will receive at 7.5% raise what will I make more?
Write a blog post showing how to calculate a pay rise – get a comment section full of people asking you to do it for them. Gotta love the internet!
You got that right! It’s insane to think you can spell something out, step by step, and seeing the questions coming in. Timesheets.com has been handling with grace instead of saying “can you read my damn post, please?”
If I have a 10% increase of 9.25 what will my new pay be ?
Add 92 cents!!
Hi if I make 11.18 and I’m getting a raise for 3.5 percent how much will I be making
if i received 824.00 a month and I’m getting an 3.0 percent increase in Jan what will i be getting each month
How do I figure 1.5% less per month. This year I am making 2018.30. I need last years figure.
This problem is a little different. Writing out the problem in words should help it make sense. 1.5% of your old salary was your raise last year so we are going to add that to your old salary to get your new salary.
(old salary) + 1.5%(old salary) = new salary
Let’s call the old salary x since we don’t know that value. And we’ll write 1.5% as a decimal to get:
x + .015x = 2018.30
1.015x = 2018.30
Solve for x:
x = 2018.30/1.015
x = 1988.47
Last year’s salary was $1988.47
If I make 22.77 an hour and got a 3% increase how much will that be??
If I make 19.25 hr an 2.250 percent change would have my hourly rate at what amount?
I have an employee who makes $13.00 per hour. I want to increase her hourly rate to $15. What percentage of increase am I giving her
Plug in your numbers to the equation to get 13x=2.
Divide both sides by 13 to get .15
So it’s a 15% raise.
What is the increase if you go from $13.25 to $13.75?
I make 19.12hr I just got 3.5 how much
I make $53,610.00 per year, next year I am slated to receive a 26.03% increase. How much would my new annual salary be?
If I make $11.43 and I’m getting a 4% raise, what will my new pay be?
I make $9.50 a hr and got a 2% raise how much is that
Hello i make $9.00hr and just got a 2.5% raise how much would i be making on the hour now?…. Thanks!
I make 15.49 an hour and getting a 2.1% raise. What will my new hourly rate be.
Morning, I make 35.80 and hour, my increase is 2%, however my multiplyer is 3%. I’m not sure when/how I calculate the 3%. Is it 3% increase if my 2% raise? Thnx Tom
Hello I have a question if I make $15.12 an hour and my job is giving us a 9.5% wage increase how much money is that?
I make 15.00$ and i got a 4% pay increase what do i make now.
Can you help me if I was getting 10.62 a hour a now it’s say 10.830 a hour I much raised they gave me
I make 10.75/hr Sunday thru Thursday and make 11.25/hr Friday and Saturday I’m receiving a 2% raise how much will my pay be
Whats my pay raise by percentage rate. I made 21.00 hr and now I make 21.75 an hr . Whats my percentage of pay raise? I made 48,000 yeár salary/ bonuses included. Need to find out next years estimated salary…Please .
That’s about a 3 and a half percent raise.
If I make 12.50 an hour and got a 3.5 percentage raise. What would that be?
Hello I got a 7.5% pay increase and I get paid 17 an hour. Would that equal $18.27? Thank you for your help.
I’m getting a 10% increase I’m making 8.45 a hour
I am getting a 14.9% raise. I currently make 12.00. Then I will be getting the same raise 3 more times.
I make $15.45 an hour & getting a raise to 6.6% how much will that be?
If the raise is based on CPI how do I know how much the raise? CPI is 2.1%
I am getting a 2.5% raise at 11.00 an hour how much is that
lol you explain how to do it yet people ask you ……yet they can do it themselvs……….lol
I’m really shocked about these comments….
I have a contract that states that I my increase of CPI cannot be more that 3.5%. Last years CPI .7 and this years CPI is 2.1. My fee last year was $1.12. So the most I can increase would be $1.12 * .035 = .0392 = .39 cents?
So last years fee was $1.12 and I would increase by the maximum of .39 = 1.51?
Hey just to make sure when you calculate your hours by how much you get an hour you use multiplication right?
Right. Hours x pay rate = pay.
Hey im makeing $10 per hour and im post to get a raise of 20% what is it
Hi, Im making 13.00 dollars an hour. Im getting a 52 cents raise on the hour how do i calculate that.
Hi there. Since you’re making $13.00 an hour and you’re getting a raise of $0.52, you will add your raise to current hourly rat, which totals to $13.52/hour.
If I make $16 an hour and I got a 3,000 dollar a year raise, what is my new hourly rate?
It’s funny to see that this article tells you the EXACT steps on calculating your hourly/monthly/yearly earnings yet almost EVERY single comment is “how much will I make if … “.
Do people read anymore?!?!
What is the formula to find out how many years it will take to get to 30.00 p/hr if I get a standard 2% raise every year.
I make $3068.00 a month. how much will that increase with a .03% increase?
Very helpful. Thank you ever so much.
Sorry, not sure if I’m doing this right because I’m not leaving a reply but would like to make new post.
Math & I have never been good friends.
I was making $18 an hour but now make $24 an hour getting a new job.
Would a percentage increase be %24 or %2.4?
Your dollar increase is $6 so your percent increase is .33333.
Hello I just received a 1%raise I make 16.50 now how much will I be making ?
Whats the 6% increase of 15 dollars?.
my salary is $45,000 im getting an 2.5% raise. What will my salary look like?
I make 95,000 a year before bonuses. I am to receive a .2% raise. Would that be 95000x.02? and what that equals would be divided over the year ?
Hi Tommy. Yep. Add 1900 to your 95000 and then divide that by however many paychecks you get.
Thanks for breaking down the ‘why’ helps people who don’t like math to understand and comprehend
Hi. I just got promoted from 14.85 to 15.11. How much is that raise?
15.11-14.85=.26. Your raise was 26 cents, which is a 1% raise.
Hi, I make 40K a year and just got a 3% bump. How much do I make now?
I get 1% of my salary for each year that I work. So if I work 35 years I will get 35% of my salary. What if I work 35 years, and eight months would that be 35.8 percent of my salary?
It’s not this simple. You need to use the compound interest formula to get an accurate number. For example, if you make 20,000 per year, your first raise will be $200. The next year your raise will be $202 and the next it will be 204.02 and so on.
Just want to say you have done a fantastic job on the way you have taken the time to respond and assist everyone that had a question. Awesome job!
i ushally get 17 an hour and im offered a 10 percent raise what is my new payment
Can you help me I get paid 21.00 dollars an hour they raise 10% more how much am I gonna make now
I make 12.30 per hour and I want to make 13.50 per hour. What is the pay increase in percentage?
If I make 22,000 a year and the avareage pay in my position is 47,000 is that 50% higher than my pay rate or 1.2% higher?
Presently i have 2 Lakhs 17 Thousands / Anum, Salary now i gonna switch to another organisation, I just wanted to ask how do i calculate my salary increase by %ge
My husband is getting ready to be laid off at the end of the month instead of trying to live off unemployeement he found a job that is a $5 cut in pay. He’ll make 15.53 a hour the 1st 3months then goes to 17 an hour. They give a 2%raise based on what you have made in a certain time frame. How would I calculate that? Lets just say he’ll make 12000 in this time frame. How would this translate into an hourly increase?
If my pay is $13.20 and my increase is 1.5%
What would my raise be ?
I will be making $9 an hour but I also will be receiving 7.5 increase on my pay. Can u tell me what will be my new wage ?
Can you tell me I currently make 10:50 an hour, i work on Saturday, Sunday and Monday for 6 hours, i get pay every 2 weeks.
Iam getting paid 11.20 getting a 4 % increase .. hiw much will that be
Good day, curious, say if I made 26.08 an hour and got a 6% increase, what would be my new hourly wage? Thanks
What percent raise is $4 an hour?
If I’m being paid $16 dollars an hour and got a pay increase of 2 dollars how would I calculate that?
Word the problem as follows: What percent of 16 is 2.
Write that out in math: x*16=2 –> x=16/2 –> x=.125
So 12% was your increase.
Hi. Thanks for helping people out. This reply does not work for me though as I dont the math you used and the symbols used such as x*. If you could include the reverse method in this article: how to calculate a pay raise increase not just by percentage but by the dollar/currency increment amount and how to word the problem and also explain it for us that are not good with math/math symbols that would really help a lot of people. For instance. I pay someone 14 per hour and if I want to pay them 19 per hour, I don’t know how to go about figuring the percentage out from this angle rather than what is explained in the article which only talks about things if we already know the perentage. The calculator only works based on percentage but we often need to know the other way around. Thanks much : )
What is £6 raised by 5% Thank yoy
If someone is making is making $175,00 annually and they get a $15,000 raise to $190,000, what is the percentage rate of the increase?
Im getti g paid 10.17 an hr and everyone is getting a 3% raise …. How much is mine
If someone gets a $50.00 dollar increase on there rent is that 10% interests or less?
That would depend on how much the person’s rent is.
Im making 8.31 an hr and getting a 2% raise how much will my hrly pay go up to??? Need to know now
So if I get paid $12.47 and I’m getting a 3% raise how much is it in total more?
I make 33,915$ a year our new contract just passed and they owe us 2% for a year-and-a-half does anyone know how much that would be
What is 4% added to $11.00
I just got a raise. I had currently made 8.40 an hour. Now i make 9.30 an hour. However i noticed my raise was 10 cents short. It was supposed to be 9.40 an hour. Could you tell me exactly how much of a raise i got please. Thank you
Hi Kimberly. You got about a 10% raise. 10.7% exactly.
I make 10.25 a hour but will get 10% shift difference so how much do I make ?
What is 7% raise for $30per hour would be??
Hi, if I make 16.50 and received a 6.50 percent raise how much is my hourly rate?
Hello, I make 16.19 an hour and received a 2.4% increase. What is my new hourly amount please?
I make $17/hr, how much would a 5% raise make it?
I make 12.93 an hour, but will be getting a 2% raise from the midpoint of 14.52 an hour. How much would that be?
I make 30,000 annually. Received a $ 580.00 increase for the year. What is the percentage?
I am getting a 3% raise at 36.62 an hour.this will be retro from July 2017 to August 2017 how much should I expect to get?
My husband just got 6% raise and he makes 13.50 hr how much will I make now
If i make 12$ hr and I been in the cleaning industry 10 yrs how much of a raise would be fair to accept
Kevin got a raise at his job. His hourly pay went from $10.50 to $11.75,
What was the percent of increase to the nearest percent?
my salary is 30 000 vatu in 2 weeks, the government wants to increase in 22%. how much do I have in 2 weeks?
will the percent will calculate on basic salary or gross pay
So if I make 10.50 an HR and go an 11% raise how much is that ?
I am making $24 an hour and now will be making $57,000
What would the pay increase be in a percent for this?
My current basic salary is 20120 n i got an increment of 6% ….now what is my basic salary? ?
My last hourly rate was $21.63hr and now its $22.00hr how much percentage is that?
I make 26.76 hourly how much do I make annually
I get paid 10.00 hourly and will be receiving a 4% raise how much will I be making hourly now
we had an increase in pay of 2.3 % of our 18.00 hourly . what is this toatsl unsure of mine thank you
I get paid 11.50 an hour I just got a 6% raise. How much did my raise go up
i get paid 10 now but i got an offer with another company offering me 25 how much percentage increase is that?
15.00 PAY PER HR.
THE INCREASE IS 3% OF THAT. WHAT IS MY NEW HOURLY WAGE?
If i make 9.51$ an hr. And i got a 1.5 raise, how much will my new hourly rate be?
if i make $18.00 per hour now and my new pays $22 per hour what is my increase in percentage?
Can you tell me how much I’m making now? I started at 9.25 and then got a 5% increase.
If I start with $50,000 annual salary, and receive a 4% per year pay raise, what will I be earning after 16 years?
I only make 9.25 hr. My job wants me to enroll into my 401k, is that something i should do? And how much would 6% of my pay will that be?. I’m lucky to get 30hrs a week right now until summer gets here, but even if i do get 40hrs in a week how much will that be then in my 2 week pay?.
I make 13.50 and was awarded 19.50% pay increase. How much will I nake
You will Multiply $13.50 X .195 to get your pay increase. 13.50 X .195 = $2.63 pay increase. $13.50 + $2.63 = $16.13/hr
I make 35,000 a year and received a 2% raise how much is that
You would multiply your annual salary by the decimal value of 2% (0.02). 35,000 x 0.02 = 700. This is a $700 increase of your annual salary. 35,000 + 700 = 35,700 annually.
I make $23.95 per hour and I got offer $5000 increase in a year. How much increase will that be per hour?
Hi Silvia. Assuming you work the expected 2080 hours a year, and with $23.95/hour, you make about $49,816 ($23.95 x 2080 hours= 49,816) without a tax decrease. Now, all you have to do is add your annual income to your increase. $5,000 + $49,816= $54,816 a year without a tax decrease.
I’m getting a 4% increase and I make 31.95
If that is the case, you will multiply the decimal value of 4% by 31.95. 0.04(raise) X 31.95(current hourly pay) = 1.278 Increase. Add the increase to your current wage and you will get 32.228 per hour
Could you please explain what a pay raise of 4.5% over 9 months mean
If you spread out 4.5% over 5 months, you will get about a 0.5% raise every month for 9 months. For example, let’s say you’re getting paid $10 an hour and you want to know how much you’ll be making next month with your 0.5% raise. You will multiply $10 by 0.005 (the decimal value of 0.5%), and you get a total of 0.05. This means next month you will get paid $10.05.
I need help figuring this out. currently at $20.00 with a 15% increase.
Hi, you will need to multiply your hourly wage by the decimal value of 15%, and then add the total to your current hourly wage. $20.00 X .15= $3.00 increase. $20.00 + $3.00 = $23.00 per hour
Hi. Can someone help me calculate this average hourly rate for me please:
Hourly rates: $28, $22, $22, $18, $20, $12, $12, $12, $15, $15, $12
Average hourly rate:
First off, the hourly wage for an employee who earns $80,000 a year is ~$38.46 per hour. The average of the hourly rates you provided are calculated by adding all of the numbers together and dividing the total by the amount of digits you provided. 28+22+22+18+20+12+12+12+15+15+12= 188. 188/11= 17.09. The average hourly rate is $17.09.
So Much informative i would like to prefer to read this content because it is so much informative.
u people don’t even know what you u are even talking about all y’all did was calculate it and payed someone to get the answer for you little kids
If I was working for $7.20 per hour and got a 25% rais what would my pay be now
First, you need to multiply your currently hourly rate by the decimal value of the percentage ($7.20 X 0.25= 1.8). Then, add the value to your hourly wage ($7.20 + 1.8= $9.00). Your new hourly wage is $9.00 an hour.
If I have an increase of 3.1% on my raise and it is now 8.00 dollars what was my previous salary
First, you’ll need to multiply your current hourly wage by the decimal value of your raise ($8.00 X 0.031= 0.248). Next, you’ll subtract the new decimal value from your current hourly wage ($8.00 – 0.248= 7.752). Your previous hourly wage was $7.752/hour
After receiving a rise of 5% of my previous wages.i now earns $800. What will be my previous wage?
If you earn $800 a week now, your original pay rate was $761.90.
I make 13.51 a hour and got a one lump sum of 203.73 for the year how much do I make now???
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Business Math: How to Calculate Pay Raise by Percentage
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