1. What is the Pay Rise Percentage Calculator?

The Pay Rise Percentage Calculator calculates the percentage increase in salary from an old salary to a new salary, specifically in GBP (£). It provides a clear measure of salary growth or adjustment.

2. How Does the Calculator Work?

The calculator uses the pay rise percentage formula:

Where:

• \( \text{New Salary} \) — The new salary amount in GBP (£)
• \( \text{Old Salary} \) — The previous salary amount in GBP (£)

Explanation: The formula calculates the relative increase as a percentage of the original salary, providing a standardized measure of salary growth.

3. Importance of Pay Rise Calculation

Details: Calculating pay rise percentage helps individuals understand their salary growth, negotiate better compensation, and make informed career decisions.

4. Using the Calculator

Tips: Enter both old and new salary amounts in GBP (£). Ensure values are positive and valid for accurate calculation.

5. Frequently Asked Questions (FAQ)

Q1: Why calculate pay rise percentage?
A: It provides a clear, comparable measure of salary increase, useful for negotiations and career planning.

Q2: What is a good pay rise percentage?
A: This varies by industry and role, but typically 3-5% is considered standard for annual increases, while promotions may yield higher percentages.

Q3: Does this calculator account for inflation?
A: No, this calculates nominal increase. For real terms increase, adjust for inflation separately.

Q4: Can I use this for salary deductions?
A: Yes, if new salary is lower than old, it will show a negative percentage indicating a pay cut.

Q5: Are the results accurate for part-time or pro-rata salaries?
A: Yes, as long as both salary figures are for the same working pattern (e.g., both annual or both pro-rata).