Depending on what industry you work in, and especially in this economy, promotions and raises based on the time factor alone should not be expected. They first qualifying, and must be based on the most important.
New hires in my company (their first or second job out of college in those), especially with all this time, let's see. They expect that, at the end of each year, the only reason they are not a raise and / or promotion, they are entitled to feel. But the truth is that, at least in my company, ladders, and increases in the salary movements based on those who deserve to go to their work, not at the time put in.