Timing of pay increase

There is no set standard for the timing of pay increases, but the two classic standards are based on: 1. The beginning of the calendar year or the company's fiscal year, and 2. The employee's employment anniversary.

In some cases, more frequent pay adjustments are made for new employees who have finished probationary periods. Compensation may also be based all or in part on the achievement of milestones, such as the passage of time in a job or the acquisition of skills or training.