Finally its happening. The mail says that they nearly doubling merit budget and significantly increasing stocks %. What do you guys think? Tc π₯ #msft #compensation
Does doubling merit means we will get 6% instead of typical 3% increase?
Lol. Time will tell.
Only for juniors it sounds like which would be shit
I am disappointed
You are not alone
Is there a way to know what the increase in my geo location will be? I am based in Israel.
So instead of 2-3% merit increase it will be 5-6%. stock refresher has gone up by 25% but that's spread over 5 years. Interested in seeing if they live up to "maintain higher promotion budget"
5-6% suspiciously matches with current inflation
No it doesn't.. it's lower than inflation.
It says increasing annual stock ranges by atleast 25 percent for all levels but how much will we actually get?
Depends on the level. For example l63 is 0-44 but that will be increased to 0-55k
You are assuming all levels are getting 25% increase. In fact L64 and below get much more than 25% increase. The stock range for L63 is around 0-72k, and L64 is around 0-90K.
Dude, the mail came just minutes ago. Blind is super quick and updated because of folks like youπ Specifically, this year, the budget for merit increase (a.k.a. hike) has been doubled. Stock ranges (peanuts compared to other big techs) would increase by at least 25% till Level 67. Obviously, those who joined after March 31 are not eligible for this year's performance/merit increase. Hope they negotiated their salaries beforehand
Trust me, I waited for a couple of mins to see if there was a post already! π
Iβm excited for the softies, and this may be good news for other companies. I think Microsoft has been one of the comparisons Visa has been using to claim that Visaβs overall comp strategy (including π₯ refreshers) is competitive.
And I bet MSFT uses Visa as a comp to say overall comp strategy is competitive...
Will the promotion range be increased as well?
Still refreshers would be π₯+π₯=π₯
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Do they mean only merit bonuses or the stock per year too?
Both
Stock per year too. For levels 67 & below