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Salary Hike Calculator

Calculate your new salary after a percentage increase or hike

Salary Information
Enter your current salary and expected hike
Common Salary Hike Ranges
Cost of Living Adjustment:2-4%
Average Annual Raise:5-7%
Good Performance:8-12%
Promotion:10-20%
Exceptional Performance:15-25%
Salary Hike Results
Your updated compensation breakdown

Current Salary

$50,000

Hike Percentage

10%

Hike Amount

$5,000

New Annual Salary

$55,000

Per Pay Period Increase$417
New Per Pay Period$4,583
Monthly Increase$417
Annual Increase$5,000
Salary Increase Breakdown
Percentage Increase10.00%
Total Increase+$5,000
From$50,000
To$55,000
Understanding Salary Hikes

What is a Salary Hike?

A salary hike is a percentage-based increase in your base salary, typically awarded annually based on performance, market conditions, or company policy. It's different from bonuses as it permanently increases your base pay.

Factors Affecting Salary Hikes

  • Individual performance and contributions
  • Company financial performance
  • Industry standards and market rates
  • Cost of living adjustments
  • Role changes or promotions
  • Years of experience and tenure

Negotiation Tips

  • Research industry salary benchmarks for your role
  • Document your achievements and contributions
  • Consider total compensation, not just base salary
  • Time your request strategically (performance reviews, fiscal year-end)
  • Be prepared to justify your requested percentage
  • Have alternative requests ready (benefits, flexible work, etc.)

Typical Hike Scenarios

Standard Annual Raise

5-7% for meeting expectations

Promotion

10-20% for role advancement

Counter Offer

15-30% to retain talent

Market Adjustment

8-15% to match market rates