I’m comparing compensation cycles and noticed a difference in EOY raise timelines. My former company applied increases in early march, while my current one does so in June . Is this a common practice, or does it vary widely by company?

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Most are March/April. However, big 4 is usually June for merit increases and bonus pay out in September. This is something people should be aware of when negotiating compensation for new opportunities.

In addition to this, new hires should also be aware if they will
Be eligible for merit depending on the time of year they start.

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That's a helpful point, especially for anyone negotiating an offer or timing their start date around merit cycles.

Ours are communicated in December and effective for the January.

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Interesting to see the variation. December communication for January raises is quite different from the spring or summer cycles many experience.

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