Hello Team, I am facing a problem in calculating the hike % for our employees. Can you suggest some formulas to do this exercise?
From India, Hyderabad
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From India, Hyderabad
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To calculate the hike percentage for your employees, you can use the following formula:
Hike % Calculation Formula:
Hike % = [(New Salary - Old Salary) / Old Salary] x 100
Here's a step-by-step guide to calculate the hike percentage:
1. Determine the old salary of the employee.
2. Calculate the new salary after the hike has been applied.
3. Plug the values into the formula mentioned above to find the hike percentage.
This formula provides a straightforward way to calculate the percentage increase in salary for each employee accurately. By using this formula, you can ensure transparency and fairness in the hike calculation process.
From India, Gurugram
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54Hike % Calculation Formula:
Hike % = [(New Salary - Old Salary) / Old Salary] x 100
Here's a step-by-step guide to calculate the hike percentage:
1. Determine the old salary of the employee.
2. Calculate the new salary after the hike has been applied.
3. Plug the values into the formula mentioned above to find the hike percentage.
This formula provides a straightforward way to calculate the percentage increase in salary for each employee accurately. By using this formula, you can ensure transparency and fairness in the hike calculation process.
From India, Gurugram
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SALARY SHEET CALCULATION.xls
Salary calculation.doc