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Raise Calculator

Calculate your raise by percentage or dollar amount

Calculate Your Raise
Choose how you want to calculate your raise
Industry Raise Standards
Inflation Adjustment:2-3%
Standard Merit Increase:3-5%
Above Average Performance:6-10%
Exceptional Performance:10-15%
Promotion:15-25%
Raise Calculation Results
Your updated salary breakdown

Current Salary

$60,000.00

Raise %

8.00%

Raise Amount

$4,800.00

New Annual Salary

$64,800.00

Monthly Increase$400.00
Hourly Increase$2.31
Bi-weekly Increase$184.62
Financial Impact
Annual Increase+$4,800.00
5-Year Impact+$24,000.00
10-Year Impact+$48,000.00
Understanding Raises

What is a Raise?

A raise is a permanent increase in your base salary. Unlike bonuses, which are one-time payments, raises increase your ongoing compensation and affect future raises, retirement contributions, and other benefits calculated as a percentage of salary.

When to Ask for a Raise

  • After successfully completing major projects or goals
  • During annual performance review cycles
  • When you've taken on additional responsibilities
  • After receiving job offers from other companies
  • When company is performing well financially
  • At your work anniversary milestones

How to Negotiate Effectively

  • Research market rates for your position and experience level
  • Document your accomplishments and contributions
  • Quantify your impact with metrics and numbers
  • Practice your pitch before the meeting
  • Be confident but realistic in your expectations
  • Consider total compensation package, not just salary

Types of Raises

Merit Raise

Based on individual performance (3-10%)

Cost of Living

Adjusts for inflation (2-4%)

Promotion

For role advancement (10-25%)

Market Adjustment

To match market rates (5-15%)