Calculator for How to Calculate Salary Hike Percentage

Calculating the percentage increase (or hike) in salary involves comparing the new salary to the old salary and determining the increase as a percentage of the old salary. Here’s how you can do it step-by-step:

Formula for Calculating Salary Hike Percentage

$\text{Hike Percentage} = \left( \frac{\text{New Salary} - \text{Old Salary}}{\text{Old Salary}} \right) \times 100$

Steps

1. Determine the old salary.
2. Determine the new salary.
3. Subtract the old salary from the new salary to find the increase.
4. Divide the increase by the old salary.
5. Multiply the result by 100 to get the percentage increase.

Example Calculation

• Old Salary: $50,000
• New Salary: $55,000

1. Calculate the increase in salary:

   $$\text{Increase} = \text{New Salary} - \text{Old Salary} = 55,000 - 50,000 = 5,000$$

2. Divide the increase by the old salary:

   $$\frac{\text{Increase}}{\text{Old Salary}} = \frac{5,000}{50,000} = 0.1$$

3. Multiply by 100 to get the percentage:

   $$0.1 \times 100 = 10\%$$

So, the salary hike percentage is 10%. 

Salary Hike Percentage Calculator

Old Salary:

New Salary: