Last year on the same period, Microsoft announced to doubled the salary increase. https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/microsoft-to-nearly-double-salary-budgets-expand-stock-compensation.aspx And this year, Microsoft said 0 Increase. If Softies got twice the increment last year and no increment this year, it averages out to be regular increase. So I don't understand what's the issue. Or people were expecting that this will always continue and made life choices based on this increment.
Many companies have instituted salary freezes this year. They can because the primary reason for pay raises is retention. In an economy fraught with layoffs, retention is not an issue. Microsoft is giving bonuses and RSUs which is essentially a pay raise ... additional income.
Bonus and RSUs are part of the package and not a “pay raise”. This year the budget for those are more stringent as well, so it’s a cut all over
Rsu refreshers are equally "a part of the package" as pay raises - you are not guaranteed either, but you've become used to both. Not sure what distinction you are trying to make here
But ChatGPT 😂
They didn’t double the salary increase last year. It’s clickbait
They did. The merit percentage (base salary increase) budget was doubled.
How does Microsoft handle refreshers? Those are still on the table right.
They are tiny, so there’s that.
Tech companies compensation is always higher compared to rest of the market. At Amazon we keep complaining about our “peanuts” pay; heard same from other big tech workers. At what point we as tech workers collectively will be satisfied about our pay?? You should have been through 2000 and 2008 down turns. During those meltdown days, having a job considered fortunate. Whole world was falling apart around you. It was tough. 2023 is bad but not as bad as previous meltdowns. This one is artificially induced by Feds to control the inflation due to current and previous President’s policies and in general the US is deteriorating.
Akamai- that's a nice explanation, but it's just not how any business works and how your compensation is determined... it doesn't work that way at all. The perceived value you provide (minus a significant risk taking premium) is the maximal comp a company will offer you, but it doesn't- in any way - determine whether you'll get a dollar or a million dollars for it. That's only determined by scarcity. Nothing else. Your value made up of the scarcity of your skills relative to its demand capped at the value you provide. Similar to why gold is worth more than water. The latter is far more important to your survival but it's also far more plentiful, hence - lower cost.
Except last year it wasn’t double salary increase or double bonus increase. It was the budget allocated towards bonuses and raise that was doubled. It doesn’t mean most people got double of what they would. Bloomberg advertised it as such, and once it had already gone viral on social media they amended their article. LOL msft probably paid Bloomberg to spread fake news.
I mean technically if they doubled the budget, that means the overall merit increase was doubled. The actual increase was still tied to your rating.
They spent their money on making google dance
You are missing the elephant in the room - doubled merit was only for US employees, and 0% is worldwide 🥲
Also new hires will not have had any "double merit" and now suffer under 0 salary increase
But your stock soared didn’t it?
Their stock grants are tiny. The stock going up changes very little for them.
ESPP is nice though.
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Our annual rewards consist of 3 things - merit increase, performance bonus and performance stocks. What Microsoft did last year was increase our merit allocations from typical 1-2% to 3-6% average. That doesn’t mean everyone got this as we have somewhat of a bell curve distribution of these rewards which leads to not many people reap the benefits of the double merit. Microsoft also played with hyping up with false headlines in media. What Microsoft did this year is completely remove merit increase. Which means no matter what your performance is, you need to hold those peanuts for one more year as we don’t give you any this year. But our work increased overall with the slogan - Do more with less - hiring freezes and budget cuts increased stress for delivering targets on time and led to low morale. The deal we agreed was have work life balance, take a decent pay cut from market and enjoy our 1-2% increase every year. But with recent change of things, we have little work life balance, shittier pay and no merit increase. Please don’t forget that our compensation is already below market when compared to other big players.
This is sneaky. I think even Amazon lifted the base salary for everybody last year.
Does msft give stock refreshers every year to everyone?