Change language

Boomerang employees: to earn more at Microsoft, you need to quit and return

Insider predicts mass exodus of people from Microsoft. Reason: In May, the company promised a massive pay raise that was supposed to keep employees from moving on to competitors (like Amazon).

Read also: Cracking the coding interview PDF

On Monday, the company began notifying staff of the size of the increase, and according to insider information from multiple sources, the increase will be between 5% and 10%. Therefore, journalists suggest that September 15 - the day employees receive their new salary and bonuses - could be the beginning of an exodus from Microsoft. According to one whistleblower, there is an unspoken rule at Microsoft that if you want to get what you're worth, you have to leave the company and then come back.

The annual employee appraisal cycle begins at Microsoft in April, notifications about how the appraisal has affected income levels are sent out from August 15, and payments are made on September 15. By promising a significant increase in salaries in May, Microsoft worked to retain valuable staff. Since then, Microsoft has noticeably suspended hiring and started layoffs. And now the discrepancy between real payments and expectations can deprive the company of some key employees.

It's not encouraging that the company has promised all senior employees a minimum of 20% increase in annual stock compensation. “Gold handcuffs don’t suit me,” one source told Insider. This is one of those situations where I love Microsoft but have to leave. I got a raise of over 10%, but I get calls from recruiters offering 50% more.”

According to Microsoft's annual internal survey, only 66% of employees are satisfied with their level of income. Last year it was 73%.

Shop

Learn programming in R: courses

$

Best Python online courses for 2022

$

Best laptop for Fortnite

$

Best laptop for Excel

$

Best laptop for Solidworks

$

Best laptop for Roblox

$

Best computer for crypto mining

$

Best laptop for Sims 4

$

Latest questions

NUMPYNUMPY

psycopg2: insert multiple rows with one query

12 answers

NUMPYNUMPY

How to convert Nonetype to int or string?

12 answers

NUMPYNUMPY

How to specify multiple return types using type-hints

12 answers

NUMPYNUMPY

Javascript Error: IPython is not defined in JupyterLab

12 answers

News


Wiki

Python OpenCV | cv2.putText () method

numpy.arctan2 () in Python

Python | os.path.realpath () method

Python OpenCV | cv2.circle () method

Python OpenCV cv2.cvtColor () method

Python - Move item to the end of the list

time.perf_counter () function in Python

Check if one list is a subset of another in Python

Python os.path.join () method