Subtract the old salary (OA) from the new salary (NA), divide the result by the old salary, and multiply by 100 to get the hike percentage.
The Appraisal Hike Percentage Calculator assists you to determine the percentage increase in salary after an appraisal. This tool is particularly useful for employees and HR professionals to calculate increments accurately.
It considers the old salary and the new salary to compute the hike percentage, ensuring transparency and ease of comparison. Whether it’s a 10%, 20%, or even a 30% hike, this calculator simplifies the process with a straightforward formula.
Formula
Contents
AHP = (NA − OA) / OA ∗ 100
| Symbol | Description | Unit |
|---|---|---|
| AHP | Appraisal Hike Percentage | Percent (%) |
| NA | New Salary | Currency |
| OA | Old Salary | Currency |
Solved Calculations
Example 1: Calculate the hike percentage for a salary increase from $50,000 to $60,000.
| Step | Value | Explanation |
|---|---|---|
| Old Salary (OA) | $50,000 | Input value |
| New Salary (NA) | $60,000 | Input value |
| Formula | AHP = (NA − OA) / OA ∗ 100 | Subtract OA from NA, divide by OA, multiply by 100 |
| Hike Percentage | 20% | Result: (60,000 − 50,000) / 50,000 ∗ 100 = 20% |
Example 2: Calculate the hike percentage for a salary increase from ₹4,00,000 to ₹5,00,000.
| Step | Value | Explanation |
|---|---|---|
| Old Salary (OA) | ₹4,00,000 | Input value |
| New Salary (NA) | ₹5,00,000 | Input value |
| Formula | AHP = (NA − OA) / OA ∗ 100 | Subtract OA from NA, divide by OA, multiply by 100 |
| Hike Percentage | 25% | Result: (5,00,000 − 4,00,000) / 4,00,000 ∗ 100 = 25% |
What is the Appraisal Hike Percentage Calculator?
The Appraisal Hike Percentage Calculator is a practical tool crafted to calculate the percentage increase in salary after an appraisal. It allows employees and employers to determine the revised salary based on the hike percentage.
This tool is particularly useful for understanding the financial impact of appraisals and planning personal budgets or organizational finances effectively.
Using this calculator is straightforward. Input your current salary and the hike percentage you’ve been offered. The calculator will instantly provide the revised salary, highlighting the absolute increase in monetary terms.
For example, if your current salary is $50,000 and you receive a 20% hike, the tool will calculate the new salary as $60,000, with an increase of $10,000.
This tool is highly versatile, finding applications in professional and personal scenarios. Employees can use it to plan their finances post-appraisal and evaluate the benefits of a hike.
HR professionals rely on it to provide accurate appraisal updates to employees and streamline payroll processes. Furthermore, job seekers can use it to compare salary offers, including potential hikes.
Final Words
In summary, the Appraisal Hike Percentage Calculator is a reliable solution for calculating salary increments effortlessly. By providing precise and quick results, it empowers users to make informed financial decisions, track career progress, and enhance transparency in appraisal processes.
