Microsoft plans to fight inflation and retain workers by DOUBLING its budget for staff salaries and boosting stock rewards by at least 25%
- Microsoft is considering significant pay raises in an effort to address growing dissatisfaction and stop employees from leaving for competitors like Amazon
- In an internal company poll only 66% of employees answered favorably to a question about whether they get a ‘good deal at Microsoft’
- Responses to such the question are down from 73% last year
- In February, Amazon more than doubled its maximum base salary to $350,000 in response to employees who said they were receiving ‘comparatively low pay’
Microsoft is planning to ‘nearly double’ what it pays its workers as it scrambles to prevent staff from leaving the company for arch rivals such as Amazon.
The firm’s salary package is comprised of…
