1. What is the Salary Increase Calculator?

The Salary Increase Calculator helps you determine your new salary after a percentage increase. It's particularly useful for Australian employees to calculate their expected salary after raises or promotions.

2. How Does the Calculator Work?

The calculator uses the salary increase formula:

Where:

• Current Salary — Your current annual salary in AUD
• Increase Rate — The decimal representation of your raise (e.g., 0.05 for 5%)

Explanation: The formula calculates your new salary by applying the percentage increase to your current salary.

3. Importance of Salary Calculation

Details: Understanding your new salary helps in financial planning, negotiating employment terms, and comparing job offers.

4. Using the Calculator

Tips: Enter your current salary in AUD/year and the increase rate as a decimal (e.g., 0.05 for 5%). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How do I convert a percentage to decimal?
A: Divide the percentage by 100 (e.g., 5% = 5/100 = 0.05).

Q2: Does this include superannuation?
A: No, this calculates base salary only. Superannuation would be additional.

Q3: Can I use this for multiple raises?
A: For multiple raises, you would need to apply the calculator sequentially for each raise.

Q4: Is this calculator specific to Australia?
A: While it uses AUD, the calculation method works for any currency.

Q5: How accurate is this calculator?
A: It provides precise mathematical calculations based on the inputs you provide.