- Published on May 23, 2022
- In Global Tech
Microsoft never doubled salaries but employees are happy
Is Microsoft’s news of increasing budget generosity or an attempt to retain talent?
Image by Analytics India Magazine
- By Poulomi Chatterjee
A few days ago, Microsoft CEO Satya Nadella announced that the company would 'nearly double' their budget for merit-based salary raises. The Seattle-based tech giant also stated that it would increase its stock-based compensation by at least 25 per cent. The move made by Microsoft was due to the brawl that big tech companies were engaged in to retain their talent force.
But the ploy ended up working better than anticipated. While publications like Wall Street Journal were careful to say that Microsoft ‘boosted their pay,’ most Indian media outlets carried headlines stating the company was ‘nearly doubling salaries.’ Needless to say, there is a massive difference between the two.
In the ripple effect that followed, there was mass confusion on social media due to hyperbolic m
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Poulomi Chatterjee
Poulomi is a Technology Journalist with Analytics India Magazine. Her fascination with tech and eagerness to dive into new areas led her to the dynamic world of AI and data analytics.
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