How long do you have to wait until you get a raised

Typically, companies give raises annually. The raise is performance based. Some companies may have a tiered compensation structure, based on an employee's performance review he/she will fall into a tier which determines his/her raise. Raises are also linked to promotions. Depending on the company's promotion structure raises may only occur as frequent as promotions but may also be larger. Advocate for yourself and use your performance as leverage in negotiation of a raise. If your company does not have a formal structure, ask.

Hi Abby,

Most companies have either annual or semi annual review cycles, but it can be completely dependent on your performance as well. I recommend having open conversations with your manager to set goals you work towards as a bench marker for a promotion and/or raise.

Having open conversations with your manager will insure you are both on the same page both from a compensation standpoint, as well as career growth.

Olivia

It sometimes depends on the employer policies. Some companies have an annual cycle where they allow employees to meet with their supervisors and discuss their performance assessment. During that time, it is a good opportunity to discuss promotions and raises. However, it can also depend on when you feel you are ready for the next step in your career. Typically, I would recommend waiting at least 1 year so you have gained enough experience to justify for a raise.