Shulou(Shulou.com)11/24 Report--

According to the news on August 18, Microsoft employees believe that the company's salary increase this year has not met the established promise, nor can it catch up with the rate of inflation in the United States, and many employees plan to move to other companies after releasing their performance in September.

Earlier this year, Microsoft promised a big pay rise to prevent employees from moving to competitors such as Amazon. Subsequently, employees of the company generally began to pay attention to how much their salary would increase.

But according to some Microsoft employees, the pay increase is simply not enough for them to stay at Microsoft. These employees said that September 15 this year will be the day when Microsoft will pay employees salaries and bonuses according to the new salary scale, when many employees are likely to leave.

"Microsoft has an unspoken rule that if you want to get what you deserve, you have to change jobs and then come back, which exacerbates the turnover rate of Microsoft employees," the Microsoft employee said. they plan to stay at Microsoft before paying bonuses on September 15, and then change jobs according to the salary offered by other companies.

Microsoft had no comment.

Microsoft began notifying employees of pay increases on Monday. According to salary information disclosed by five employees, the salary increase is generally between 5% and 10%, which is expected to take effect on September 1. But the salaries of these employees do not necessarily reflect the full pay of Microsoft's 221000 employees around the world.

Microsoft's annual review cycle begins with a performance review in April, with employees informed on August 15 of how performance will affect compensation, followed by bonuses on September 15.

Two people familiar with the matter revealed before the plan was announced that Microsoft's pay rise was designed to quell dissatisfaction with pay increases and prevent employees from moving to competitors such as Amazon. Earlier this year, Amazon also promised a big pay rise. Microsoft has been laying off staff and slashing hiring so far this year.

In addition to cash incentives, Microsoft also gives equity incentives based on the number of years employees have entered the job, and requires employees to stay in the company in order to cash in these awards. But it is unclear whether Microsoft's pay rise this year will help the company retain employees.

Of all the Microsoft employees interviewed, one employee received the highest salary increase, but he said: "Microsoft's golden handcuffs (the company uses stock options, bonuses and other expected income means to retain senior managers and other means of talent, quit) is not for me." Although this is one of the things I like about Microsoft, I have to leave. Compared with a salary increase of more than 10%, other companies are offering 50% more than my current salary, which I can't refute. If my salary increases by half, even if I lose so many stocks, I can earn it back. "

In May, Microsoft said it would increase employee compensation through salary increases and stock awards from September 1. The company said it would nearly double its salary budget and increase its annual shareholding by at least 25 per cent, mainly for early-to mid-term employees aged 67 and under. Another internal email told senior employees that this year's annual stock awards should be increased by at least 20%.

"but people are not interested," said one employee. " The employee said he was frustrated that their pay increases were not keeping pace with inflation in the US and was looking for a new job. "We have been sending talent to Meta and this should be a 'major' adjustment."

In Microsoft's internal employee survey this year, only 66% of employees think their contributions to the company have been rewarded accordingly. That seems to be down from 73% last year, but Microsoft has conducted a comprehensive review of its employee survey this year, so the results may not be compared between different years.

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