Answered by Stephanie, Hiring Expert at AT&T Inc., on Tuesday, July 28, 2015
That's a great question and one that is probably on the minds of just about every person you know! First off, you are smart to recognize that salary, raises and compensation packages as a whole vary from company to company. One of the things that I consider really important to gauging your success (which correlates directly to getting that raise) is to make sure you are having specific key conversations with your leadership. How are you going to know you are doing everything you can to prove yourself if you don't know what your boss is expecting? Check in with them more frequently then your yearly review. Be open about your desire to be considered for raise opportunities, and be receptive to the realities of your organization. In many large companies, employee's salaries are only reviewed once a year, so a mid-year raise without a change to a job title/position would not be a reasonable expectation.
Something that I often think about in my own work situation is, what am I doing in my job that goes above and beyond the basics? If I am just meeting the expectations of my job, then the salary I am making right now is what I should expect. If I am going above and beyond to be creative and innovative, if I am doing more than what is necessary, then having that raise conversation is just a reflection of my efforts!
Best of luck!