⟩ How would you know your company's policies about the pay raise?
Read the employee handbook (and company intranet, if you have one) or better yet, talk to someone in human resources. Here are a few things you should figure out:
☛ Does your company require annual performance reviews to determine your salary?
☛ Do salaries advance according to a fixed schedule or rank?
Who can make the decision (or ask for it to be made)?