What does this tool do?
A raise can be quoted as a percentage or a fixed amount. This calculator converts either into an annual, monthly and per-paycheck figure.
The Formula
New salary = Current salary + Raise; Increase % = Raise ÷ Current salary × 100Frequently Asked Questions
Is a 5% raise good?
It depends on inflation, the role and the market. Compare it with the change in the cost of living and with typical pay for similar jobs.
How do I ask for a raise?
Gather evidence of results, market pay data and additional responsibilities, then propose a specific figure and timing. This tool does not provide negotiation advice.