Cash is the new king in Microsoft's battle to recruit and retain talent against the twin gravitational forces of Google and Facebook.
The world's largest software company told employees on Thursday that it's giving them pay raises and changing the way it awards bonuses beginning this September. Bonuses are getting bigger and will involve more cash compared to Microsoft stock, although stock allocations are also increasing.
The goal is to keep Microsoft competitive in hiring, according to a memo from Microsoft chief executive Steve Ballmer sent to staff and seen by The Reg. Ballmer said:
Through our history, we have been THE place people came when they wanted to make a difference in the world through software, hardware and services. This is as true today as it has been at any time in our history, and the changes we're rolling out today will help ensure Microsoft continues to be the place that top talent comes to change the world.
According to Ballmer a portion of stock award targets are being moved into employees' base salary, meaning more cash up front.
Funding for Microsoft's bonus and stock awards is increasing to deliver: "100 per cent or more of target bonus and stock awards to 80 per cent of our eligible employees." Ballmer said: "This is up from about 50% in prior years. The additional funding ensures our approach continues to support higher payouts to top performers."
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