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A Salary Hike Calculator is a digital tool which is designed to simplify the process of calculating the percentage increase in an employee's salary. It permits individuals or businesses to enter their current salary and the hike percentage to get to know the final salary after this hike.
Calculate new salary by percentage of increment or percentage of increment by old and new salary. Enter current salary and percentage of increment and get the result instantly.
Calculate your new salary with a hike percentage or find the percentage of a salary hike using this online tool. Enter your current CTC and hike percentage or old and new CTC and get the results instantly.
Hike Percentage Calculation: Enter your current salary and the salary after the hike to determine the percentage increase in your income. Understanding the history and calculation of percentages is crucial.
- How to Calculate New Salary Using Hike percentage?
- How to Calculate The Salary Hike percentage?
- Salary Hike Percentage Calculation Formula
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Here is how you can calculate the new salary after a hike using the hike percentage. Step 1: Convert the hike percentage into decimals. Step 2: Multiply it by your current salary. Now, this is your increment/hike amount. Step 3:Add the hike amount to your current salary. The result is your new net salary after the hike.
Here is how you can calculate the salary hike percentage. Step 1: Calculate the difference between your new salary after the hike and your old salary. Step 2: Divide the result by your old salary. Step 3:Multiply the obtained number by 100. Now, this is your hike percentage with respect to your old salary.
Let us understand this with an example. Let us imagine the new salary to be ₹25,000 and the old salary to be ₹20,000. Step 1: The difference between the new and old salary is ₹5000 Step 2: Now, 5000/20000 is 0.25. Step 3: Multiplying 0.25 with 100 gives you 25. Hence, the salary hike is 25%. Also read: What is variable comp and fixed comp?
Use this tool to find your new salary and hike percentage after a salary hike. Learn how to calculate the hike using simple formulas and examples.
Use our Hike Percentage Calculator to determine salary increment, appraisal, and hike percentages. Try our online percentage growth calculator for accurate results.
Input your current salary: Enter $50,000 in the “Current Salary” field. Input the hike percentage: Enter 10% in the “Hike Percentage” field. Calculate your salary after increment: Click on the “Calculate” button, and the calculator will instantly display your salary after the increment.
