Microsoft fights inflation and retain workers by doubling its budget for staff salaries and boosting stock rewards by 25

Microsoft is now planning to double what it pays its workers as it scrambles to prevent staff from leaving the company for arch rivals. The firm’s salary package consists of a base salary, bonus and stock but a survey recently suggested those working for the tech giant are far from happy.

In February, Amazon more than doubled its maximum base salary from $160,000 to $350,000 in response to employees who said they were earning ‘comparatively low pay’ compared to workers at their closest competitors. Although specific figures were not mentioned, Microsoft stated it could result in a bump of at least 25% for some staff with ‘early to mid-career employees,’ being those in line for the pay increase.

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Source - database | Page ID - 823

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