Is annual raise a common practice in tech industry, or only when you get promoted? What’s the % raise should I expect in tech startups?

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3.5% basic annual raise

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Yes, you should always expect between 3-5% annual increase at any job. If not, I would not stay there. Especially with inflation these days, no annual increase is essentially an annual pay cut.

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Annual raise is a common practice across different industries but obviously varies based on your company. This is alongside a potential annual bonus which could be tied to your individual performance and the company's performance in a given year.

Depends on circumstances and situations but normally you could probably expect 0-4% annual raises and then maybe some more (4%-10%+) for a promotion. Annual raises are commonly on the lower end which is why you hopefully have annual bonuses. Some companies will low-ball and give 3%-8% bonuses whereas others (especially tech companies) can give anywhere from 10%-30% annual bonuses.

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