Calculating a salary raise
- Salary after raise = current salary × (1 + raise rate)
- Raise rate = (new salary − current salary) ÷ current salary × 100
Salary negotiation tips
- Average company raises are usually around inflation (2–3%) plus a bit. If your results are clear, bring the evidence in numbers.
- For job changes, a 10–20% raise over your previous salary is often mentioned, but it varies widely by role, seniority and market.
- Take-home pay doesn't rise as much as pre-tax salary. Check the after-tax difference with the take-home pay calculator.
FAQ
If it rises 5% each year for 3 years, what's the total?
Compounded, it's about 15.8% (1.05³ = 1.158).