The formula to calculate the appraisal hike percentage (AHP) is:
\[ AHP = \frac{NA - OA}{OA} \times 100 \]
Where:
Let's say the new appraisal (NA) is $60,000 and the old appraisal (OA) is $50,000. Using the formula:
\[ AHP = \frac{60000 - 50000}{50000} \times 100 \]
We get:
\[ AHP = 20\% \]
So, the appraisal hike percentage is 20%.
Definition: The percentage hike is the increase in salary or value expressed as a percentage of the original amount.
Formula: \( \text{Hike Percentage} = \left( \frac{\text{New Salary} - \text{Old Salary}}{\text{Old Salary}} \right) \times 100 \)
Example: \( \text{Hike Percentage} = \left( \frac{60000 - 50000}{50000} \right) \times 100 \)
Definition: The appraisal percentage is the percentage increase in salary after an appraisal.
Formula: \( \text{Appraisal Percentage} = \left( \frac{\text{New Salary} - \text{Old Salary}}{\text{Old Salary}} \right) \times 100 \)
Example: \( \text{Appraisal Percentage} = \left( \frac{70000 - 60000}{60000} \right) \times 100 \)
Definition: The formula to calculate the hike percentage is used to determine the percentage increase in salary or value.
Formula: \( \text{Hike Percentage} = \left( \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \right) \times 100 \)
Example: \( \text{Hike Percentage} = \left( \frac{120 - 100}{100} \right) \times 100 \)
