Communications of the ACM
Microsoft Boosts Pay in Effort to Keep Top Talent
Inflation and the rising cost of living were cited as factors for Microsoft's compensation boost.
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Microsoft said Monday (May 16) that it would "nearly double" its salary budget and increase the range of employee stock compensation by at least 25% as it looks to reward a workforce dealing with rising inflation and remain competitive with other tech companies in the battle for top talent.
In a statement obtained by Bloomberg, Microsoft said the move will mainly affect "early to mid-career employees."
Third-party estimates note a wide variety in Microsoft employee salaries and job functions, with software engineers among the highest paid in the company.
A number of different tech companies have had to boost compensation in recent months amid the war for talent.
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