How to Use This Calculator
- Enter the employee's current annual salary in the "Current Annual Salary" field.
- Enter the desired annual increase amount in the "Desired Annual Increase Amount" field.
- Click the "Calculate" button to determine the appraisal increase percentage and the new salary.
- The calculator will display the percentage increase rounded to two decimal places and the new salary amount.
Working Principle
The calculator works by calculating the percentage increase based on the formula:
Percentage Increase = (Desired Increase Amount / Current Salary) × 100%
This gives you the exact percentage by which the employee's salary would increase if the desired amount is added to their current salary.
Example
If an employee has a current salary of $50,000 and is expecting an increase of $5,000:
- Current Salary: $50,000
- Desired Increase: $5,000
- Appraisal Increase Percentage: ($5,000 / $50,000) × 100% = 10%
- New Salary: $50,000 + $5,000 = $55,000
Important Notes
- The calculator assumes the increase is a one-time annual adjustment.
- The results are for informational purposes only and should be used in conjunction with other compensation considerations.
- For complex compensation structures, please consult with HR professionals or compensation experts.