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Employee Base Salary Increase Rate Calculator Excel Template

Employee Base Salary Increase Rate Calculator is an excel template with predefine formulas. This template helps to calculate the percentage increase in base salary for a given period.

It can be annual, half-yearly, or quarterly. You can also calculate the merit based salary increase Rate department-wise with this template.

Before we discuss the template, let us understand what is base salary and what is Base salary increase rate.

What is a Base Salary?

Base salary is fixed compensation paid to an employee by his employer. It does not include any kind of allowances like HRA, DA, Medical, Conveyance, and even bonus pays.

What is Employee Base Salary Increase Rate?

Employee base Salary Increase rate is percentage of increase in basic salaries of employees during a specific period. It can be annually, half-yearly, or quarterly.

Moreover, this increase is always calculated annually. Only in few companies, it is measured quarterly or half-yearly.

Formula To Calculate Base Salary Increase Rate

Difference between Targeted Salary Spend and Current/Previous Salary Spend divided by Current Salary spend multiplied by 100.

Employee Base Salary Increase Rate Calculator Excel Template

We have created a simple template for Employee Base Salary Increase Rate Calculator in excel with predefine formulas.

However, Just enter the Totals of targeted/revised salary spends and current/previous salary to hourly calculator spends to derive the Base Salary Increase Rate.

Moreover, you can calculate the Base Salary Increase Rate in general and also calculate department-wise if your workforce is bigger and you have multiple departments.

How To Use This Calculator?

This template consists of 4 sections:

  1. Department Wise Base Salary Increase Rate
  2. Yearly Base Salary Increase Rate
  3. Half-Yearly Base Salary Increase Rate
  4. Quarterly Base Salary Increase Rate

1. Department Wise Base Salary Increase Rate.

So, If the size of your company is bigger and different departments, you can calculate the rate department-wise using this section. Above all, In the end, the template also calculates the base salary increase rate as a whole.

2. Yearly Base Salary Increase Rate

Also, Enter only two figures and it will calculate the Base Salary Increase Rate for you. 1) Targeted/Revised Base Salary Spends of the year and 2) Current/Previous Base Salary Spends.

3. Half-Yearly Base Salary Increase Rate

Usually, this is not require in small companies, but if company is big then they can use this section to calculate the half-yearly Base Salary Increase Rate. Moreover, Just enter the required details. Above all, The template will derive the half-yearly Base Salary Increase Rate.

4. Quarterly Base Salary Increase Rate

Moreover, Similar to the half-yearly, you can calculate the quarterly base salary increase rate.

Download Employee Base Salary Increase Rate Calculator Excel Template
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Download Guide

Compatible with : Microsoft Office Excel, Libra Office, WPS Office, Google WorkSheet
  • Download The Template XLSX File Format
  • Use the Template

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