Microsoft Considers Pay Raises To Stay Competitive

Microsoft is reportedly thinking about bumping many employees' pay, following similar moves from other tech giants, in a bid to stay competitive with its rivals. From a report: Citing two unnamed sources, Insider reported Wednesday that Microsoft may announce a change "as soon as Monday." Microsoft has reason to worry about retention, Insider reports. In Microsoft's most recent "Employee Signals" poll, which employees reportedly answered in March, only two-thirds of respondents said they're getting "a good deal" in terms of what they're giving the company and receiving in return. Microsoft is reportedly concerned about employees leaving for (or being poached by) Amazon specifically. The company more than doubled its base compensation cap from $160,000 to $350,000 earlier this year, and has reportedly been handing at a record amount of stock grants -- $6 billion, to be exact.

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