Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/dev.webpronews.com/public_html/wp-includes/functions.php on line 6114
Microsoft Turning to Pay Raises to Combat Employee Dissatisfaction «

Microsoft Turning to Pay Raises to Combat Employee Dissatisfaction

On the heels of a report that employees are becoming less satisfied with their pay, Microsoft is looking to raise pay across the entire company....
Microsoft Turning to Pay Raises to Combat Employee Dissatisfaction
Written by Staff

On the heels of a report that employees are becoming less satisfied with their pay, Microsoft is looking to raise pay across the entire company.

According to Business Insider, Microsoft conducted an internal poll earlier this year, in which just 66% of employees responded favorably about their compensation. This was down from 73% last year. In response, the company is looking to raise pay across the board.

The move would also help Microsoft keep existing talent from moving to its competitors, especially Amazon. Amazon and Microsoft are the first and second-place cloud providers, and they have both scored talent-poaching victories over the other, and both are eager to head off such losses.

The pressure is on Microsoft even more since Amazon increased its maximum base salary to $350,000 in February, and has been giving massive stock rewards to employees.

Insider’s sources say the company could make an announcement as early as Monday.

Subscribe for Updates

HRProNews Newsletter

HRProNews

By signing up for our newsletter you agree to receive content related to ientry.com / webpronews.com and our affiliate partners. For additional information refer to our terms of service.
Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit