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Microsoft Boosts Pay in Effort to Keep Top Talent

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Microsoft sign and logo on office building

Inflation and the rising cost of living were cited as factors for Microsoft's compensation boost.

Credit: Shutterstock

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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