1. What is Salary Increase Calculation?

The salary increase calculation determines the difference between a new salary and an old salary. It helps employees and employers understand the monetary change in compensation.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• New Salary — Current or proposed salary amount
• Old Salary — Previous salary amount

Explanation: The calculation shows the absolute increase in salary, not the percentage change.

3. Importance of Salary Increase Calculation

Details: Understanding salary increases helps in financial planning, evaluating job offers, and assessing compensation changes during promotions or annual reviews.

4. Using the Calculator

Tips: Enter both salary amounts in the same currency. The calculator will show the difference between the new and old salary.

5. Frequently Asked Questions (FAQ)

Q1: Does this show percentage increase?
A: No, this shows the absolute increase. For percentage, divide the increase by the old salary and multiply by 100.

Q2: Should I use gross or net salary?
A: Typically gross salary is used for these calculations, but you can use either as long as you're consistent.

Q3: What if my salary decreased?
A: The calculator will show a negative number indicating a decrease in salary.

Q4: Can I compare salaries from different time periods?
A: Yes, but for accurate comparison you might want to adjust for inflation.

Q5: How precise is the calculation?
A: The calculator shows results to two decimal places for currency precision.