Asked by TODD
Does anyone know the old formula to calculate a hourly raise from a percentage; I totally forgot. The employee makes $10.50 an hour and is receiving a 1.1% increase.
Answers
Answered by
Ms. Sue
Change the percent to a decimal.
1.1% = 0.011
10.50 * 0.011 = $0.115
The employee will receive $10.615 an your after the raise.
1.1% = 0.011
10.50 * 0.011 = $0.115
The employee will receive $10.615 an your after the raise.
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