**Introduction:** The Hourly Raise Calculator is a useful tool for employees and employers alike to calculate the new hourly rate after a raise. By providing the current hourly rate and the raise percentage, users can quickly estimate the updated pay rate.

**Formula:** The calculator employs a simple formula to calculate the new hourly rate. It multiplies the current hourly rate by 1+Raise Percentage/1001+Raise Percentage/100, providing the adjusted hourly rate after the raise.

**How to Use:**

- Input the current hourly rate in USD.
- Enter the raise percentage.
- Click the “Calculate” button to obtain the new hourly rate.

**Example:** Suppose an employee has a current hourly rate of $20, and they receive a 10% raise. The calculation would be: New Hourly Rate=Current Hourly Rate×(1+Raise Percentage100)New Hourly Rate=Current Hourly Rate×(1+100Raise Percentage)

**FAQs:**

**Q:**How often can I use the Hourly Raise Calculator?**A:**You can use it whenever you receive a raise or are considering a raise for employees.**Q:**Does the calculator account for multiple raises?**A:**The calculator provides the new hourly rate after a single raise. For multiple raises, you may need to perform the calculation iteratively.**Q:**Can employers use this calculator for salary adjustments?**A:**While designed for hourly rates, employers can use it as a reference for adjusting salaries if they convert them to an hourly basis.**Q:**Is the raise percentage based on performance or a standard increase?**A:**The raise percentage can be based on various factors, including performance, merit, or a standard company-wide increase.**Q:**Does the calculator consider other benefits like bonuses?**A:**No, it focuses on calculating the new hourly rate after a raise. Additional benefits and bonuses are not factored into this specific calculation.

**Conclusion:** The Hourly Raise Calculator simplifies the process of determining the new hourly rate after a raise. It provides employees and employers with a quick and accurate estimate, facilitating transparent discussions about compensation adjustments.