1. What is Salary Hike Calculation?

The salary hike calculation determines your new salary after a percentage increase. This is commonly used during performance reviews, promotions, or when changing jobs in Malaysia.

2. How Does the Calculator Work?

The calculator uses the salary hike formula:

Where:

• Current Salary — Your current annual salary in Malaysian Ringgit (MYR)
• Hike Percentage — The percentage increase in your salary

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

3. Importance of Salary Hike Calculation

Details: Understanding salary hikes helps in financial planning, negotiation during job changes, and assessing career growth in the Malaysian job market.

4. Using the Calculator

Tips: Enter your current salary in MYR and the hike percentage you're expecting or negotiating. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is a typical salary hike percentage in Malaysia?
A: Typical annual increments range from 3-10%, while promotions or job changes may offer 15-30% or more depending on industry and role.

Q2: How is the hike percentage calculated?
A: Hike percentage = [(New Salary - Current Salary)/Current Salary] × 100

Q3: Does this include bonuses or just base salary?
A: This calculator is for base salary. Bonus calculations are typically separate in Malaysian employment packages.

Q4: Are salary hikes taxed differently in Malaysia?
A: No, salary increases are taxed at your normal income tax rate under Malaysia's progressive tax system.

Q5: How often do companies in Malaysia give salary hikes?
A: Most companies review salaries annually, though some may have bi-annual reviews or offer ad-hoc increases.