I thought that my salary would increase after the review. I worked hard throughout the year, the team’s work was good, and targets were also achieved for a salary increment. But when the final review came, it was the same old salary. It does feel a bit bad.
In all honesty, these things happen to everyone. But that is why it is important to understand how the system of salary hikes works. You do not get it just because you are an old employee. Here, the game is different – it is a game of skill, timing, and a bit of strategy, too.
What is the direct meaning of a salary increment?
In simple words, a salary increment means an increase in your salary. Mostly, it happens during the annual review. But it can also happen if you have cleared a big project or got a promotion.
This is the employer’s way of stopping you, motivating you. But it is not always based on performance. Sometimes, it is about market trends, sometimes the condition of the company, and sometimes everyone decides together.
Which factors decide the increase?
How was your work? Were the targets met? Did you make extra efforts? All this matters.
Is the company earning money or not? If the profit is higher, the chances are better.
What is the demand for your role and salary in the market? Comparison takes place.
Company’s internal rules – Everywhere there is a limit to growth, the game happens within it.
If you want growth, you have to take care of all these things.
Now, if you want growth, what should you do?
Do your work well all the time, and show that you are dependable.
Learn new skills – upskilling is a game-changer in today’s time.
Always be visible – just working is not enough, it is also important to tell what you did.
Participate in group projects, give new ideas, and solve problems.
Stay in touch with the manager, and keep giving updates.
And yes, I understand your company’s promotion and hike policies. A lot of things become clear from there.
When can I get a raise for a salary increment?
After the annual review
When I get a promotion
When a major project is completed
If you have done something extraordinary, then there is no need to wait sometimes. You just need to have the proof.
What is the role of HR in a hike?
People think that HR has nothing to do with it. But HR sets the process – the schedule of reviews, hike policies, and budget control, everything is with them.
If you have a good relationship with HR, then many times you get a clear idea of what can be done and what cannot.
What if you don’t get a raise?
It is not necessary that you will get it every time. But that does not mean that everything is over.
What can you do:
Take feedback – find out what the problem was.
Set new goals – and go after them.
Make your work visible – take the decision till the end.
Be patient – sometimes, timing is also a reason.
And if you feel that nothing is happening even after months, then explore new roles within the company or try to change the team.
Conclusion
You will not get the job right – for that, you need preparation and smart work. Not just work, communication is also important.
Make your skills strong, raise the issue at the right time, and focus on your own performance growth.
Because, boss, career is a journey – you have to walk it yourself.
