Microsoft plans to boost salaries and benefits to retain its talent in the competitive labor market as decades-high inflation has sapped the buying power of American workers.
The Seattle-based tech giant said Monday it would “nearly double” its budget for employee pay as part of its retention efforts. Microsoft is also increasing the range of its stock-based compensation by at least 25%.
“This increased investment in our worldwide compensation reflects the ongoing commitment we have to providing a highly competitive experience for our employees,” a Microsoft spokesperson said in a statement to The Post.
