How To Calculate Your Raise

As you may know by now, the final raise of 2.5% is due on your next CTA paycheck. To figure out how much of an increase you will see per hour, follow this formula:

It all depends how much your current hourly rate. If you were making per hour. Let's say you make $48 per hour. Use a calculator and enter 

48 x .025 = $1.20

There you have it. A sucky raise, but it is in fact, correct. Check the Contract for more details about raises and pay schedules (also embedded in this blog below).

This website is helpful in understanding:

Step 1: Convert the percentage into decimal form

This is pretty basic, but you need to convert the percentage into a real number that you can use to multiply by the employee’s current pay rate. To do this, simply move the decimal two places to the left. For a 3% increase, you will use .03.

Step 2: Multiply 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.

Also, ADP has similar information.