Find the size of the increase. The key to setting up this type of problem is to think of percent increase as 100 of last years salary plus 5 of last years salary Heres the word equation. Pay raise calculator percent is calculated based on your current salary or hourly rate the working hours per week and the pay raise percentage.
Consider an individual who gets a raise from 45000 annually to 49000 annually.
Write down these values. Then multiply the decimal figure by 100 to turn the number expressed in decimal format into your salary increase percentage. Find the size of the increase. Add their current gross wages tothe Current Pay with the Pay Period set to Annual.