4Inflation rate reported in the U.S. reached8.3%hit a40U.S. technology companies have also announced various measures to fight inflation, a record high in years. Among them, Microsoft announced on Monday local time that it would raise wages for employees and almost double its performance budget.
MicrosoftCEONadella sent an open letter to employees detailing the move, “Time and time again, we’ve seen our talent in high demand because of the excellent work you’ve done to empower our customers and partners, “
Nadella told employees,“Your impact is recognized and deeply appreciated throughout the leadership team——I want to thank you very much for that. That’s why we’re making long-term investments in each of you.“
According to Nadella’s plan,This time Microsoft has made an additional significant investment in the compensation program, which has exceeded the normal level of annual compensation increases, in which the performance budget has nearly doubled,The specifics vary according to the local market market, and the most growth is mainly for employees in the early and mid-career stages.
In addition, Microsoft also67Annual stock awards for employees below rank increased25%This level mainly refers to employees other than general managers, vice presidents and other executives, that is, employees at the executive level are not included in this salary increase, after all, their income is already high enough.
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