Adjusted Salary Formula:
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The Adjusted Salary calculation determines a new salary amount after applying a percentage-based adjustment such as a cost of living adjustment (COLA), raise, or other salary modification.
The calculator uses the following formula:
Where:
Explanation: The formula calculates the new salary by applying the percentage adjustment to the original salary amount.
Details: Salary adjustments are crucial for maintaining fair compensation that keeps pace with inflation, recognizes performance, or adjusts for changing job responsibilities.
Tips: Enter the gross salary in dollars and the adjustment percentage (positive for increases, negative for decreases). Both values are required.
Q1: What types of adjustments can this calculator handle?
A: It can calculate COLA adjustments, merit increases, promotional raises, or any other percentage-based salary change.
Q2: Can I use this for salary decreases?
A: Yes, simply enter a negative percentage for the adjustment.
Q3: Does this account for taxes or deductions?
A: No, this calculates gross adjusted salary before any deductions.
Q4: How precise are the calculations?
A: Results are calculated to the nearest cent (two decimal places).
Q5: Can I use this for hourly wages?
A: Yes, but you'll need to first calculate annual salary by multiplying hourly rate by hours worked per year.