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Thanks Galaxiom...the formula worked. I need to further expand this since employees only get reviews once a year and fractions for number of years to the new rate will not work. Also, based on where the employee's pay is in a pay range, the percent merit increase changes. As you can see...

Good Afternoon: Can you help me with a formula to find the years it would take to get from one rate to the next rate using a standard compounding percent increase each year. For example: Minimum Salary: $10.20 Next Rate: $11.23 Percent Increase Each Year: 3% Answer should be...

Hi Everyone...I am new to this forum. I live in Texas and have been working in Human Resources for over 20 years handling compensation and report writing. I have advanced knowledge in Microsoft software but admit that many of the formulas stump me :rolleyes:. I will be posting a question...