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Download Employee Base Salary Increase Rate Calculator Template In Excel

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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:

Department Wise Base Salary Increase Rate
Yearly Base Salary Increase Rate
Half-Yearly Base Salary Increase Rate
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 this Employee Base Salary Increase Rate Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.
Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.
Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.
Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.
Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Employee Base Salary Increase Rate Calculator Excel Template

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Employee Base Salary Increase Rate Calculator Template

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Download Employee Base Salary Increase Rate Calculator Template In Excel

What is a Base Salary?

What is Employee Base Salary Increase Rate?

Formula To Calculate Base Salary Increase Rate