Category:
Salary
Your annual effective pay increase is composed of two parts. Part one is the annual contractual salary percentage increase for each year. Part two is your movement up the salary step table. The combination of these two components comprises your effective pay increase from year to year. An easy way to compute the effective percentage pay increase from one year to the next is to subtract your previous step level salary from your current step level salary and divide that pay increase by the previous step level salary.