Microsoft has announced it will double the pay of its employees.
Microsoft
Founded by Bill Gates, one of the world's richest men, Microsoft now operates worldwide. Satya Nadella, the company's chief executive officer, said the company would double its pay to retain talented employees. This has taken many by surprise.
In general, IT companies have become accustomed to offering pay rises, vacations, and luxury cars in order to retain talented employees. In that line, Microsoft has now also announced this decision. Satya Nadella has stated that they have implemented this scheme to prevent their employees from resigning.
Thanks
He said, "Time and time again, we see that our talent is in high demand, because of the amazing work you do to empower our customers and partners. Among the leadership team, your impact is both recognized and deeply appreciated — and for that I want to say a big thank you. That’s why we’re making long-term investments in each of you."
Nadella also announced that they would almost double their merit budget globally, noting that this would vary based on the data collected in each country. Nadella also said that the pay rise would not apply to Microsoft's general managers, vice presidents and other top executives.
Earlier in February, Amazon raised the maximum base salary for its corporate and technical staff from $ 160,000 to $ 350,000.
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