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Pay Raise Calculator

See your new pay after a raise by percent or amount, the raise as a percent, and what it means per hour, per paycheck and per year. Enter your pay as hourly, per paycheck or yearly; the table converts it to every other period.

Your numbers

$
hours

Used to turn hourly pay into weekly, monthly and yearly pay. 40 hours × 52 weeks = 2,080 hours a year.

%

A negative number works out a pay cut.

%

Type a rate to see the raise after inflation. None is built in.

New pay an hour

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Raise an hour
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Raise a year
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New pay a year
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Pay before tax and deductions: take-home pay depends on your taxes, benefits and withholding.

Hourly pay is converted at 40 hours a week, 2,080 hours a year.

The calculation runs in your browser and ParrotNotes does not store your numbers. They sit in the page address so you can bookmark or share the result.

How a pay raise is calculated

New pay = current pay × (1 + raise ÷ 100). A 3% raise on $25 an hour is $25 × 1.03 = $25.75, 75 cents more an hour. At 40 hours a week, 52 weeks a year (2,080 hours), that takes $52,000 a year to $53,560: $1,560 more a year, $60 more every two weeks and $130 more a month.

The calculator does this for the period you are paid in, then converts the old and new pay to every other period, so you can compare an hourly offer with a salary, or check the raise against your paycheck.

Your raise as a percent

If you know the new number rather than the percent, work backwards: (new pay − current pay) ÷ current pay × 100. Going from $60,000 to $64,500 a year is $4,500 ÷ $60,000 = 7.5%. Going from $22 to $23.50 an hour is $1.50 ÷ $22 = 6.82%, or $3,120 a year at 40 hours a week.

This is the same sum as any percentage increase, so the Raise as a percent mode also answers "what percent more is offer B than offer A": put offer A in as current pay and offer B as the new pay.

Hourly, paycheck and yearly pay

A full-time year is 40 hours × 52 weeks = 2,080 hours, so an hourly rate × 2,080 gives a yearly figure. If you work three 12-hour shifts a week, set hours a week to 36 (1,872 hours a year) and the yearly number follows.

"Every two weeks" and "twice a month" are not the same: every two weeks is 26 paychecks a year, twice a month is 24. The same $1,560 raise is $60 more on each of 26 paychecks and $65 more on each of 24.

Your raise after inflation

A raise buys less when prices rise at the same time. The real raise is (1 + raise) ÷ (1 + inflation) − 1: a 3% raise with 2.5% inflation is 1.03 ÷ 1.025 − 1, about 0.49%. A raise below the inflation rate is a cut in real terms.

The calculator has no inflation figure built in: type the rate you want to use, for example the latest yearly change in the Consumer Price Index from the Bureau of Labor Statistics.

How to ask for a raise

Know your number before the meeting: the percent you are asking for and what it means a year, which is what this page is for. Bring what you delivered since the last review, in numbers where you have them: deals closed, quota attainment, shifts covered, people trained, problems fixed.

Ask for a meeting about pay rather than raising it in passing, and time it before budgets are set. If the answer is not yet, ask what would get you there and when you can talk again. Afterwards, write down what was agreed, the number, the date it starts and any conditions, and send a short note to confirm it.

Pay before tax and deductions: take-home pay depends on your taxes, benefits and withholding. This is a calculator, not tax or financial advice.

Before the pay conversation: One-on-one meeting questions, What an outside sales rep does, Nurse manager one-on-ones.

Take notes on the pay conversation

Walk into the pay conversation with your numbers; walk out with notes. ParrotNotes records the meeting (with permission) and writes the summary and what was agreed.

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Pay raise calculator FAQ