Salary Hike Calculator

What is Salary?

Salary is the fixed amount of money an employer pays to an employee for their work, usually on a monthly or annual basis. It is a part of an employee’s total compensation and may include additional benefits such as bonuses, health insurance, and retirement plans.

Why is a Salary Hike Important?

• Cost of Living Adjustment (Inflation) - Salary hikes help employees maintain their standard of living.
• Performance & Productivity - Rewards hardworking employees for their contributions.
• Retention & Employee Satisfaction - Helps retain skilled employees and keeps them motivated.
• Market Competitiveness - Ensures salaries remain competitive in the industry.
• Promotion & Career Growth - Higher responsibilities should come with a better salary.
• Motivation & Job Satisfaction - Keeps employees happy and productive.