Current Pay
$18.50
Percent Increase
3%
Increase Amount
$0
Post-Increase Pay
$0
Calculation Breakdown
Given values:
Current pay for one hour:$0
Percentage increase:3%
Calculate the increase amount.
To find the increase, multiply your current hourly pay by the percentage increase:
Increase = Current Pay x (Percent / 100)
The division by 100 converts the percentage into a decimal, which is necessary for the calculation.
Calculated Increase:$0
Calculate the updated pay.
Add the increase to your initial pay to find your new hourly pay:
Updated Pay = Initial Pay + Increase
Post-Increase Pay:$0
Salary Increase Projection
A projection of how your salary could grow over a period of 5 years given a consistent pay rise.
This simulation assumes you receive a pay increase of 3% each year on your current salary.
Summary
If you receive a 3% raise on $18.50 an hour, this will amount to an additional $0, bringing your hourly rate to $0.