Raise Calculator
Calculate the impact of a salary raise on your annual income, monthly pay and take-home.
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Frequently Asked Questions
What is a good salary raise percentage?
A typical cost-of-living raise is 2-4% annually. A merit raise is usually 4-8%. A promotion raise is typically 10-20%. In a high-inflation environment, raises under 5% may not maintain purchasing power. Negotiating a higher raise at a new job is often more effective than annual increments.
How do I negotiate a salary raise?
Research market salaries on Glassdoor, LinkedIn Salary, and Levels.fyi. Document your accomplishments with specific metrics ($X revenue generated, Y% cost reduction). Ask for a meeting, present your case and request a specific number. Target 10-20% above your minimum acceptable figure to leave negotiation room.
When is the best time to ask for a raise?
Ask during annual reviews, after completing a major project, when you have taken on new responsibilities, when you have a competing offer, or when the company is performing well. Avoid asking during budget cuts, layoffs or immediately after a poor performance period.