A 3 percent raise per hour means your hourly wage will increase by 3% of your current hourly rate.
To calculate your new hourly wage, follow these steps:
- Determine your current hourly wage. For example, let's say your current hourly wage is $15.
- Calculate the raise amount. Multiply your current hourly wage by 3%: $15 x 0.03 = $0.45.
- Add the raise amount to your current hourly wage. $15 + $0.45 = $15.45.
Therefore, a 3% raise on an hourly wage of $15 would result in a new hourly wage of $15.45.
Example:
- Current hourly wage: $20
- Raise amount: $20 x 0.03 = $0.60
- New hourly wage: $20 + $0.60 = $20.60
Note: The actual raise amount may vary depending on your current hourly wage.