# If I made 11 dollars an hour an got a pay raise of 3 percent how much would I be making then?

If you currently make \$11/hr and get a 3% pay raise, your new pay level is \$11.33/hr.

How to Calculate Pay Raise by Percentage (shared by TimeSheets.com):

Step 1: Convert your percentage into decimal form.

#### This will give you a number that you can use to multiply by the employee’s current pay rate. To do this simply take the percentage you wish to use, say 3%, and move your decimal over to the left two places. .03 gives you a real number you can work with.

Step 2: Multiply by the employee’s current pay rate by that decimal.

#### If your employee makes \$15/hour, then you have: 15x.03=.45. So your employee’s increase is 45 cents per hour. For an employee who makes a salary of \$45,000/year, then you have: 45,000x.03=1,350. So your salaried employee’s pay increase is \$1,350 per year.

Calculate your new pay rate after receiving a raise or salary increase (includes conversions to other pay periods) using AJ Design Software's Pay Raise Calculator.

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Friday, May 06 2016