Salary rise: How often should we have that per year?

It depends on the industry and company policy, but generally, an annual review is standard practice. However, for high performers or rapidly growing companies, bi-annual reviews can be beneficial to retain top talent.

Salary hikes should depend on many factors, such as employee performance, credibility, the scope of improvement, etc and may happen once or twice a year depending on company policy an industry standards.

I feel like most bosses/company usually has this in place annually already

Regarding salary raises, aiming for an annual review is a smart move. It keeps everyone motivated and aligned with company goals while ensuring fair compensation.

It is essential to find a middle ground between compensating employees fairly and preserving the financial health of the organization when determining how often to increase salaries. Ideally, salary evaluations should occur on a yearly basis to account for shifts in performance, market conditions, and business goals. However, it is important to consider individual situations and the resources of the organization to determine the best course of action for your particular circumstances. Maintaining a balance between consistency and adaptability is crucial for establishing a sustainable and motivating compensation plan.