Work out the value of a pay raise in percentage and absolute terms, monthly and annually.
Period-on-period growth expresses the change in salary as a percentage of where it started, so a rise from 10 to 12 and from 100 to 120 both read as 20%. Growth rate is the headline number in every board pack and investor update, and it is the basis of the forecasts built on top of it.
Pay Raise
Growth % = (New salary − Current salary) ÷ Current salary × 100
Growth % = (New salary − Current salary) ÷ Current salary × 100 Period-on-period growth expresses the change in salary as a percentage of where it started, so a rise from 10 to 12 and from 100 to 120 both read as 20%.
Growth rate is the headline number in every board pack and investor update, and it is the basis of the forecasts built on top of it.
This calculator takes 2 inputs: Current salary, New salary. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.