Work out an hourly raise
Pay is quoted per hour. Type your hourly rate and hours per week, then the raise.
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| Period | Now | After raise | Difference |
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Before tax. Hourly pay uses your hours per week × 52 weeks.
This page opens the pay raise calculator with pay quoted per hour, so the first box takes your hourly rate. Enter your hours per week, then pick the raise as a percent, a new hourly rate or an amount more. The new pay and the change show per hour, week, month and year.
Results are before tax. Yearly pay uses hours per week × 52, so fewer hours a week gives a smaller yearly figure. To see a rate as a yearly salary on its own, the Salary converter does that conversion.
How to work out a pay raise
- Choose the period your pay is quoted in, then type your pay and your hours.
- Pick a percent, a new pay or an amount more, and type that figure.
- Read the new pay, the change per hour, week, month and year, and the real change after inflation.
Questions
How do I enter a new hourly rate?
Choose New pay, then type the new hourly rate. The raise percent is worked out from it: raise % = (new rate ÷ old rate − 1) × 100. Going from 20.00 to 21.00 an hour is 5%.
How are the hours used?
Yearly pay is the hourly rate × hours per week × 52. The weekly figure is the hourly rate × hours per week, and the monthly figure is the yearly figure ÷ 12.
How is the percent worked out?
Raise % = (new pay ÷ old pay − 1) × 100. Going from 50,000 to 52,500 is 52,500 ÷ 50,000 − 1 = 5%. Type any one of the three forms and the other two follow from it.
Why is a raise below inflation a pay cut?
Prices rise too. Your buying power changes by (1 + raise) ÷ (1 + inflation) − 1. A 3% raise with 4% inflation gives 1.03 ÷ 1.04 − 1 = −0.96%: you can buy about 1% less than before, even though your pay went up.
Is the figure before tax?
Yes. Results are before income tax and other deductions. Tax rules differ by country and are not modelled here.
How is hourly pay converted?
Yearly pay = hourly rate × hours per week × 52. A monthly figure is the yearly figure ÷ 12, and a weekly figure is the yearly figure ÷ 52.
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