Salary Hike Calculator
Calculate your new salary after a raise or determine the hike percentage between salaries
Quick select:
Your New Salary
Your Salary Hike
%
Raise Amount
Per
Hike Percentage
%
Increase
Salary Breakdown
Current Salary
(%)
Raise Amount
(%)
Compare Different Hikes
See how different hike percentages affect your salary
| Hike % | New Salary | Raise Amount |
|---|---|---|
| (Selected) |
Calculation Summary
| Current Monthly Salary | |
| Current Annual Salary | |
| Hike Percentage | |
| Monthly Raise | |
| Annual Raise | |
| New Monthly Salary | |
| New Annual Salary |
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About Salary Hike Calculator
What is a Salary Hike?
A salary hike (also known as a pay raise or salary increment) is an increase in an employee's compensation. It is typically expressed as a percentage of the current salary and is granted based on performance, promotions, cost of living adjustments, or market conditions.
How to Use This Calculator
- Select Calculation Mode: Choose whether to calculate your new salary from a hike percentage, or find the hike percentage from two salaries
- Enter Your Current Salary: Input your current monthly or annual salary
- Enter Hike Details: Provide either the hike percentage or the new salary amount
- View Results: See your calculated new salary, raise amount, and detailed breakdown
Understanding Your Results
New Salary
Your new salary after the hike is applied. This represents your updated compensation.
Raise Amount
The actual monetary increase in your salary. This is the difference between your new and current salary.
Hike Percentage
The percentage increase from your current salary to your new salary.
The Formula Behind the Calculation
Calculate New Salary:
New Salary = Current Salary × (1 + Hike Percentage / 100)
Calculate Hike Percentage:
Hike Percentage = ((New Salary - Current Salary) / Current Salary) × 100
Calculate Raise Amount:
Raise Amount = Current Salary × (Hike Percentage / 100)
Average Salary Hike Benchmarks
| Performance Level | Typical Hike Range |
|---|---|
| Below Expectations | 0% - 3% |
| Meets Expectations | 3% - 5% |
| Exceeds Expectations | 5% - 10% |
| Outstanding/Promotion | 10% - 20% |
| Job Change | 20% - 50%+ |
Frequently Asked Questions
What is a good salary hike percentage?
A good salary hike typically ranges from 5% to 10% for annual performance-based raises. However, promotions often warrant 10-20% increases, while job changes can command 20-50% or more depending on market conditions and your negotiating power.
How do I calculate my salary after a 10% hike?
Multiply your current salary by 1.10. For example, if your current salary is ₹50,000, your new salary after a 10% hike would be ₹50,000 × 1.10 = ₹55,000.
Should I consider inflation when evaluating a salary hike?
Yes! If your salary hike is less than the inflation rate, your real purchasing power is actually decreasing. A raise should ideally exceed inflation to represent a true increase in value.
How often should I expect a salary hike?
Most companies conduct annual performance reviews that may include salary adjustments. Some organizations offer bi-annual reviews or raises tied to specific milestones or promotions.
What factors influence salary hike decisions?
- Individual performance and achievements
- Company profitability and budget
- Market rates for your role
- Cost of living in your location
- Industry standards and competition
- Your negotiation skills
Tips for Negotiating a Better Salary Hike
- Research Market Rates: Know what your role pays in the market before negotiating
- Document Your Achievements: Prepare concrete examples of your contributions and impact
- Time It Right: Request raises during performance reviews or after successful project completions
- Consider Total Compensation: Look at benefits, bonuses, and stock options, not just base salary
- Be Prepared to Walk: Having alternative offers strengthens your negotiating position
Disclaimer: This calculator provides estimates for informational purposes only. Actual salary negotiations and outcomes depend on various factors including company policies, market conditions, and individual circumstances.
Quick Tips
💰 Negotiation Tips
- • Research market rates for your role before negotiating
- • Document your achievements and contributions
- • Consider total compensation, not just base salary
⚠️ Things to Consider
- • A hike below inflation means reduced purchasing power
- • Higher salary may push you into a higher tax bracket
- • Job changes typically offer larger hikes than internal raises