Pay review time
Individual employees usually don’t receive a salary increase until July 1 or after but the paperwork is finalised in April/May. As to when employees become part of the process differs depending on the employer. Some companies tie pay reviews to performance reviews, which are usually carried out in June, while others do not. Either way, there is no reason not to do some prep now towards a pay rise. Ask your manager how the process works or call your HR department. HR don’t have power over your pay fate but they should know the process.
Pay rises depend on a number of things. How well the company has faired, how well your team or department has done and how well you have performed all play a role. Many companies stick to a “cost of living” pay rise unless you have either been promoted, exceeded targets, taken on additional work/responsibilities or would leave them in a mess if you quit.