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Pay raise calculator

Turn a raise into real numbers — the percentage increase and your new pay across hourly, daily, weekly, monthly and annual.

Last reviewed
Pay raise · gross pay
$
Raise type
%

Only used to convert to and from hourly pay.

Daily pay is weekly pay divided by this number.

Pay increase
+5%
New pay (annual)
$94,500
+$4,500 / year
Hourly
$45.55$47.82(+$2.28)
Daily
$346$363(+$17)
Weekly
$1,731$1,817(+$87)
Fortnightly
$3,462$3,635(+$173)
Monthly
$7,500$7,875(+$375)
Annual
$90,000$94,500(+$4,500)

Gross pay before tax. Conversions: hourly × hours/week × 52 · daily = weekly ÷ working days/week · weekly × 52 · fortnightly × 26 · monthly × 12.

Included

  • Raise as a percentage, a flat increase, or a target new pay
  • Your new pay across hourly, daily, weekly, fortnightly, monthly and annual
  • The exact percentage increase, including pay cuts

Not included

  • Tax — a raise changes your tax too; see the income tax calculator
  • Superannuation / pension contributions and employer on-costs
  • Overtime, penalty rates, bonuses and equity
  • Inflation adjustment (a 3% raise under 4% inflation is a real-terms cut)

What this means

A raise is easiest to judge as a percentage: divide the increase by your current pay. A $4,500 raise on $90,000 is 5% — the same 5% whether you look at it hourly, daily, weekly or annually, because every pay period scales together.

The period table converts through an annual figure: hourly pay × your hours per week × 52 weeks, daily pay × your working days per week × 52, weekly × 52, fortnightly × 26, monthly × 12. Daily pay is weekly pay divided by your chosen working days per week. That's why the monthly number isn't simply four weekly payments — a month is 4.33 weeks on average.

Two honest caveats. These are gross (before-tax) figures — some of any raise goes to tax, so your take-home rises by less than the headline. And compare the percentage to inflation: a raise below inflation is a pay cut in real terms, even though the number went up.

Formula & worked example

% raise:        new pay = pay × (1 + raise% ÷ 100)
flat increase:  new pay = pay + increase
new pay:        raise % = (new − old) ÷ old × 100

period conversions (via annual):
  hourly × hours/week × 52 · daily × working days/week × 52 · weekly × 52 · fortnightly × 26 · monthly × 12

Current pay $90,000 a year, offered a 5% raise

New pay: $90,000 × 1.05
$94,500
Increase: $94,500 − $90,000
+$4,500 / year
Per month: $4,500 ÷ 12
+$375
Per week: $4,500 ÷ 52
+$86.54

A 5% raise on $90,000 is $94,500 — an extra $375 a month before tax.

Common questions

Is the percentage based on gross or take-home pay?
Gross (before tax). Raises are usually negotiated and communicated as a percentage of gross salary. Your take-home will normally rise by less because tax and other deductions may apply. The income tax calculator can estimate the income-tax portion within the scope shown for each country.
Why doesn't monthly equal four weeks of pay?
A year has 52 weeks but only 12 months, so a month averages 52 ÷ 12 ≈ 4.33 weeks. The table converts every period through the annual figure, which keeps them all consistent.
How do I know if my raise beats inflation?
Compare the percentage here with the current annual inflation rate. If your raise is 3% and inflation is 4%, your buying power fell about 1% — a real-terms pay cut, even though the dollar figure rose.

Related calculators

Salary converterOvertime pay calculatorIncome tax calculator