Annual Salary Increases- All Employees Eligible?

Hello All,
We are a sales company located in Northern NJ. We currently have a policy that employees need to have been employed continuosly for 6 months with our firm (hired by Sep 1st each year) in order to qualify for a salary increase at the beginning of our fiscal year in March. Can you tell me what your company's policy is on that? Do your employees have a waiting period before they are eligible for a salary increase or are they eligible right away? Just want to make sure that our 6 month waiting period is not unreasonable.
Thanks for the feedback!
Denise

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