Calculating salary rise rates is simple. All you need is a calculator, the present salary of your employee, and the percentage raise you intend to make.
<h3>What is the process?</h3>
Ready? Start by determining the employee's current salary. Let's use $52,000 a year, or $1,000 per week, for the purposes of this example. Decide on the rise % now. Assuming they are one of your finest workers, you choose to give them a raise of 5%.
We now wish to use a decimal to represent the raise for your employee. This will assist us in determining the rise. The decimal equivalent of an increase of 5% is.05. A 20% increase would be expressed as.20 in decimal form. Basically, you can describe any increase in decimal form between 1 percent and 99 percent.
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