Microsoft Corp. looks to “nearly double” its budget for employee salary increases and boost the range of stock compensation for some workers by at least 25 percent, to retain staff and help people manage inflation, Bloomberg reports.
Microsoft had 181,000 employees as of June 30, 2021. The move will primarily cater to “early to mid-career employees.”
The stock increase will apply to employees at Level 67 in the company’s internal scale or below. Level 67 is the last tier before an employee becomes a company partner.
The salary budget increases will vary by country, and “the most meaningful increases will be focused where the market demands.”…