Is there a certain quarter or month on a work calendar when employers usually give employees raises? I.e. Does it usually happen the first first two quarters of the work year, etc.?
2006-10-03 14:40:43 · 3 answers · asked by D K 1 in Business & Finance ➔ Careers & Employment
Every company that I ever worked for that actually did annual raises did them in April, after the tax audit had been completed.
2006-10-03 14:47:13 · answer #1 · answered by Sharingan 6 · 0⤊ 0⤋
It can happen at any time, but my experience is that reviews typically happen coincident to the employees start date; for example; after their first 6 months, or on their anniversary.
Also, I find it odd that you mention "Salary review" and then ask about "employee raises." Most companies give what is known as a "performance review" during which time the employees performance and value to the company is appraised. Along with that a salary increase may occur. Too many employees think of salary increases as an entitlement and something they should count on every 12 months. That's just not the world we live in. Our country just went through a 4 year recession (a prolonged period of deflation). Logically, during that time people's wages should have been stagnant.
2006-10-03 14:46:05 · answer #2 · answered by non_apologetic_american 4 · 0⤊ 0⤋
It varies from company to company but most usually use the annivesary of your hire.
2006-10-03 14:42:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋