Pay Raise Calculator

To calculate a percentage raise, multiply your current salary by the raise percentage and add the result to your current salary. The formula is: New Salary = Current Salary + (Current Salary × Raise % / 100). For a flat raise, simply add the dollar amount to your current salary.

Take your current salary and multiply it by 0.05 to get the raise amount, then add it to your current salary. For example, if you earn $50,000, a 5% raise equals $2,500, giving you a new salary of $52,500 per year.

No — they are very different. A 10% annual raise increases your yearly salary by 10%. A 10% monthly raise would compound each month, resulting in a much larger overall increase of about 214% over a year. Always clarify the pay period when discussing raise percentages.

Most experts recommend asking for a 10–20% raise when negotiating, depending on your performance, market rates, and tenure. Average annual merit increases typically range from 3–5%. Research your industry's salary benchmarks before your review to make a strong case.

The best time is during or just before your annual performance review, after completing a major project, or when you've taken on significantly more responsibility. Avoid asking during company-wide budget cuts or periods of financial uncertainty.

To earn the equivalent of one extra month's salary over the course of a year, you need approximately an 8.33% raise (1/12 ≈ 8.33%). This means your annual earnings will increase by the value of one full monthly paycheck.

A merit raise rewards strong performance within your current role, typically ranging from 3–10%. A promotion raise reflects a new title, increased responsibilities, and broader scope — these are often larger, sometimes 10–20% or more. Both should be benchmarked against market data.

Yes — select 'Hourly' as your pay period and enter your current hourly rate. The calculator will show your new hourly rate after the raise and convert it to weekly, bi-weekly, monthly, and annual figures based on your hours per week.