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Microsoft Boosts Pay in Effort to Keep Top Talent


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.

From Seeking Alpha
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