Microsoft is preparing to reinstate pay increases for top performers, signaling improving economic conditions and the company's commitment to investing in innovation, including artificial intelligence.
Compensation hikes
New pay practices
Software giant Microsoft is looking to reinstate its pay hikes, according to Business Insider for the most productive workers. It is assumed that the relevant measures can be implemented as early as this month. Cloud chief Scott Guthrie informed staff on April 30 about likely salary increases this year.
Refusal to temporarily freeze salaries
The Corporation announces the unfreezing of the practice of increasing wages "for service to the company." A year ago, CEO Satya Nadella, in a letter to employees, cited the “competitive environment” and “global macroeconomic uncertainty” as reasons for temporarily freezing salary increases. He noted the need to fund compensation in line with overall market trends to focus resources on fundamental investments in artificial intelligence.
Executive compensation
At the same time, Satya Nadella received almost $55 million in compensation for his work in fiscal year 2022, which is 10% more than his last year's income. There was no information about a reduction or freeze in the growth of his personal compensation.
Glossary
- Microsoft is a transnational corporation and software developer.
- Scott Guthrie is the head of cloud at Microsoft.
- Satya Nadella is the CEO of Microsoft.
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Answers to questions
Why did Microsoft decide to resume salary increases for key employees?
When are salary increases expected for high-performing Microsoft employees?
How will employees worthy of a salary increase be determined?
Why did Microsoft freeze salary increases last year?
Has the salary of Satya Nadella, Microsoft CEO, changed?
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Discussion of the topic – Microsoft will unfreeze salary increases: a reward for high productivity
Microsoft plans to resume salary increases for the most effective employees. This decision could be implemented as early as May, although there has been no official announcement yet.
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Carlos
Is it fair for Microsoft to only give pay raises to select employees? 🤔 Even managers should not be an exception to the evaluation system. Everyone is on an equal footing - that's fair!
Sophia
The company is in a difficult situation due to global uncertainty in the market. But rewarding productive employees is the right solution to motivate and develop talent. 💪 Maybe it’s worth reconsidering the evaluation criteria?
Klaus
It's good that Microsoft makes efficiency a priority. But the unfreezing of wages hints at savings last year. 😕 I wonder how much developers, designers and managers lost due to the freeze?
Francois
I hope this is a step towards restoring normal operations for the company. Large investments in AI are important, but we must not forget about people. They are the basis of any business! 💼 Fair remuneration is the key to success.
Гриша
Those fancy AI things again! 🙄 Why complicate everything? We used to live normally without these bells and whistles. All these trends are a waste of time and money. Better pay people decently, and things will go well!
Лиза
I agree, Grisha, sometimes new technologies are too much! 😅 But in the case of AI, the benefits are obvious - speeding up processes, automating routine tasks. Microsoft is investing wisely in this area. And well-deserved remuneration for employees will be an additional incentive!
Ania
I think the company has taken the right step. 👍 In an era of high competition for talent, it is important to reward successful employees. But the assessment mechanism must be transparent and fair for everyone without exception.
Domenico
Microsoft's decision reminds me of the time my uncle received a promotion for working hard in the family business. 😃 This motivated him to devote himself even more to his work. So I support this approach, but with clear criteria!