What is Pay Rise?
The pay rise or pay raise is a number that represents an increase in the amount of money you earn while doing your job. Sometimes this term can be accompanied with the pay itself and additional benefits that you can ask from your boss. Pay Raise and additional benefits can help you largely with your retirement plans, and generally in life, like with insurance premiums.
When you compare your previous salary with the bigger salary, you can calculate your pay rise. In short, previous salary is bigger for the amount of money which we present as pay rise.
How to calculate a salary increase using the calculator?
So if you want to how the Pay Raise Calculator works, follow these simple steps:
Enter the number of hours you worked per week. It is automatically set to 48 hours.
Enter the payment before the raise (old salary) in the calculator. You can choose the form you want (pay period): per hour, per week, per month or annual rate number. The rest will be calculated.
Enter the percentage of the raise, the amount of the raise, or the new paycheck. When you fill in one of these fields the calculator will give the result of the other variables.
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