Work out your new salary after a raise, the raise percentage you actually got, or your old salary before the raise — pick what you're solving for below.
Quick answers to the questions people ask most about salary raises.
Multiply your old salary by the raise percentage (as a decimal) to find the increase, then add that to your old salary. A 5% raise on a $60,000 salary is $60,000 × 0.05 = $3,000, for a new salary of $63,000.
Subtract the old salary from the new salary, divide that by the old salary, then multiply by 100. Going from $60,000 to $63,000 is (3,000 ÷ 60,000) × 100 = 5%.
Divide the new salary by (1 plus the raise as a decimal). If your new salary is $63,000 after a 5% raise, your old salary was $63,000 ÷ 1.05 = $60,000.
A standard annual cost-of-living raise is typically around 3-4%, roughly tracking inflation. Raises for a promotion, role change, or strong performance review are often higher, commonly in the 8-15% range, though this varies significantly by industry and company.