1. What is Hourly Pay Increase Percentage?

The Hourly Pay Increase Percentage calculates the percentage difference between an old and new hourly wage. It helps employees understand their raise in percentage terms rather than just absolute numbers.

2. How Does the Calculator Work?

The calculator uses the percentage increase formula:

Where:

• \( New\ Hourly \) — Current or proposed hourly wage
• \( Old\ Hourly \) — Previous hourly wage

Explanation: The formula calculates the relative change between two wage amounts, expressed as a percentage of the original wage.

3. Importance of Pay Increase Calculation

Details: Understanding pay increases in percentage terms allows for better comparison across different salary levels and helps in evaluating the real impact of raises.

4. Using the Calculator

Tips: Enter both old and new hourly wages in the same currency. The calculator works with any currency as long as both values use the same unit.

5. Frequently Asked Questions (FAQ)

Q1: What's considered a good pay increase percentage?
A: Typically, 3-5% is standard for cost-of-living adjustments, while 10%+ may indicate a promotion or significant raise.

Q2: How does this differ from absolute increase?
A: Percentage increase shows relative change, which is more meaningful when comparing raises across different salary levels.

Q3: Can this be used for salary negotiations?
A: Yes, understanding your raise in percentage terms can strengthen your negotiation position.

Q4: What if my pay decreased?
A: The calculator will show a negative percentage, indicating a pay reduction.

Q5: Does this account for inflation?
A: No, this is the nominal increase. For real wage increase, you'd need to adjust for inflation separately.