How to Calculate a Salary Hike?
A salary hike is the increment you receive on your current compensation during an annual appraisal cycle or when you switch to a new company. Negotiating a good hike requires knowing the exact math behind the percentages.
The Formulas
- Finding New Salary from Percentage:
New Salary = Current Salary + (Current Salary × Hike Percentage / 100) - Finding Percentage from New Salary:
Hike % = ((New Salary - Current Salary) / Current Salary) × 100
Our Salary Hike Calculator is equipped with a dual-mode system. You can easily toggle between finding what your new salary will be if you get a 30% hike, OR calculating what percentage of a hike that competing HR just offered you!