THE NUMORIX GUIDE
How to use the Pay Raise Calculator
Last reviewed September 14, 2026
What this calculator does
Percentage mode calculates raiseAmount = currentSalary x raisePercent / 100, then newSalary = currentSalary + raiseAmount and monthlyIncrease = raiseAmount / 12.
Formula and method
Percentage mode calculates raiseAmount = currentSalary x raisePercent / 100, then newSalary = currentSalary + raiseAmount and monthlyIncrease = raiseAmount / 12. Target mode instead uses raiseAmount = targetSalary - currentSalary and derives the implied percent for its explanatory step.
Variables and inputs
Choose By Percentage or To Target Salary. Enter current annual salary in dollars, then either a raise percent or a target annual salary. The UI accepts a nonnegative percentage and a positive target, but the engine itself does not enforce that a target exceeds the current salary.
Worked example
For a $60,000 salary and a 5% raise, raise amount = 60,000 x 0.05 = $3,000, new salary = $63,000, and the gross monthly increase is $3,000 / 12 = $250. The target mode would return the same raise for a $63,000 target.
How to interpret the result
The result compares gross annual salary before and after the change. The monthly figure is a simple annual division, so it describes an average gross increase rather than the exact amount on each payroll after withholding.
Common mistakes to avoid
Enter 5 for 5%, not 0.05. Keep target salary and current salary on the same annual or hourly basis before using target mode. Do not treat a gross raise as an equal increase in take-home pay.
Assumptions and limitations
The calculation has no tax, benefit, bonus, commission, equity, inflation, back-pay, or pay-period timing inputs. It also permits a target below current salary and labels the resulting negative difference through the same raise fields.