There is great news for the employees of Microsoft, one of the world’s largest tech companies, as they will soon get a salary hike. Yes, this news has been confirmed by the company’s CEO Satya Nadella himself. He told Employees in an email that Microsoft “nearly doubled the global qualification budget” and that it is allocating more money to people who are in the middle of their careers.
Microsoft employees will now get double salary
It is worth noting that like Microsoft, many big tech companies around the world are increasing the salary of their employees drastically. And now Microsoft is going to double the salary of its employees.
“Time to time, we see that our talent is in high demand as you do the best you can to empower our customers and partners.” Nadella wrote in his email.
It is worth noting that Microsoft is not the only company that has announced a similar increase in salary, but before this many companies have also increased the salary of their employees manifold. In February, Amazon doubled the maximum base pay for its corporate and technology employees to $350,000, from $160,000 earlier.
Satya Nadella has said that “we are almost doubling the global merit budget. Merit budgets will vary by country based on local market data, and the most meaningful growth will focus on where market demand is.” We are increasing the annual stock range by at least 25 percent for all levels of 67 and below.” Hence, the hike will impact mostly those employees who have recently joined the firm as well as those employees who are in the middle of their careers.
For information, let us remind you that in January this year, tech giant Google (Google), increasing the salary of its top 4 executives, increased the basic salary from $ 650,000 to $1 million. And now there is happy news for the employees who are working in Microsoft because their salary is also going to be double as the company’s CEO Satya Nadella himself has announced it.
