How often should my compensation increase considering I've already clocked 3 years in the company I work in? I've been talking to friends in other fields and it looks like companies are moving towards more frequent raises but smaller increments. Would you prefer that or a solid 5% increase annually?

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It all depends on your company's culture. I don't think there's a hard and fast rule around how often one should get raises. Some companies only offer raises based on performance or with promotions and some do the annual or twice a year raise.

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Agree with above comment.
Just know if you don’t at least receive a 3% base salary increase every year…you should job hop.

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We only get 1% no matter how much you exceed on your goals and metrics. I hate it.

5% each year is compounding and technically better than 15% every 3 years... that being said, I'd be fine with a 5% adjustment every year for 36 months and months 36-48 I'd diversify my time looking external for the onwards and upwards 20-30% bump with the next employer.

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It’s always better to get continuous raises, since the faster you save or invest the leftovers, the more interest you get back from those over time.

Annual performance reviews (with the potential for a salary increase) seem the most common. I'm personally interested in every 6 months, especially given how dynamic my role is... But I accept that annual is the norm.

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