1. What is the Salary Increase Calculator?

The Salary Increase Calculator computes your new salary after a specified percentage increase. This is particularly useful for Philippine employees to estimate their new compensation after raises or promotions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

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

Explanation: The formula multiplies your current salary by 1 plus the increase rate to calculate your new salary.

3. Importance of Salary Calculation

Details: Understanding how salary increases affect your total compensation helps in financial planning, negotiation, and career decision-making.

4. Using the Calculator

Tips: Enter your current annual salary in PHP and the increase rate as a decimal (e.g., 0.10 for 10% increase). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How do I convert percentage to decimal?
A: Divide the percentage by 100 (e.g., 7.5% = 0.075).

Q2: Does this include Philippine taxes?
A: No, this calculates gross salary before tax deductions.

Q3: Can I use this for monthly salary?
A: Yes, but remember to input your monthly salary and the result will be your new monthly salary.

Q4: What's a typical salary increase in the Philippines?
A: Typically 3-10% annually, but varies by industry, performance, and inflation rates.

Q5: How often should I expect a salary increase?
A: Most companies review salaries annually, but this depends on company policy and performance.