calculate diffence between old salary and new salary

  • Thread starter Thread starter Felicia Pickett
  • Start date Start date
F

Felicia Pickett

I have to figure out the impact if a daily salary increases. How do you
calculate the difference ex: $100/day to $200/day, what is the impact on
annual increase?
 
USD 100 per day times the number of working days in the year.

If my comments have helped please hit Yes.

Thanks.
 
USD 100 per day times the number of working days in the year.

If my comments have helped please hit Yes.

Thanks.





- Show quoted text -
Click to expand...

Usually I use 261 working days for the year = 52 x 5 +1

If he/she is a contractor or an hourly employee you may want to deduct
holidays and/or time taken off.

If there are benefits involved you wil have to allow for that. Health
insurance is the biggest single item usually. 35% for benefits in the
52,000 per year is about right if the person has family health
insurance, a 401 K, FUTA, SUTS, WC, SS, MC, Vacation, ...
At the very least the employer has FICA at 6.2% for SS and 1.45% for
MC
 
I have to figure out the impact if a daily salary increases. How do you
calculate the difference ex: $100/day to $200/day, what is the impact on
annual increase?
Click to expand...

Not trying to be facetious, but the annual salary should double -- the
annual increase is 100% -- in your example.

How you handle this in Excel depends on what you mean by "daily."
Does the worker get paid every day of the year or just workdays?

Bill
 
Back
Top