1. What is Hike Percentage?

Hike percentage represents the percentage increase in salary from an old salary to a new salary. It is commonly used in employment contexts to measure salary growth, promotions, or annual increments.

2. How Does the Calculator Work?

The calculator uses the hike percentage formula:

Where:

• \( New\ Salary \) — The new or current salary amount
• \( Old\ Salary \) — The previous or original salary amount

Explanation: The formula calculates the relative increase as a percentage by comparing the difference between new and old salary relative to the original salary.

3. Importance of Salary Hike Calculation

Details: Calculating hike percentage helps employees understand their salary growth, negotiate better compensation, and make informed career decisions. Employers use it for salary benchmarking and compensation planning.

4. Using the Calculator

Tips: Enter both old and new salary amounts in the same currency. Ensure values are positive numbers. The calculator will compute the percentage increase automatically.

5. Frequently Asked Questions (FAQ)

Q1: What is considered a good salary hike percentage?
A: A good hike percentage typically ranges from 10-20% for job changes, while annual increments are usually 3-10% depending on industry and performance.

Q2: Can the hike percentage be negative?
A: Yes, if the new salary is lower than the old salary, the hike percentage will be negative, indicating a salary decrease.

Q3: How is hike percentage different from percentage points?
A: Hike percentage measures relative change from the original value, while percentage points measure absolute difference between two percentages.

Q4: Should I include bonuses in salary calculations?
A: For accurate comparison, use base salary only. Bonuses and other variable components can distort the true salary growth percentage.

Q5: How often should I calculate my hike percentage?
A: Calculate during job changes, promotions, or annual reviews to track your career progression and compensation growth.