Companies including Amazon, Google, Microsoft, Infosys and others have reportedly hiked the salaries of all their employees.
HIGHLIGHTS
Amazon, Microsoft and Google have hiked the salaries of their employees.
In the past two years, salary increments in various companies were deferred on the account of the pandemic.
. Earlier in 2021, top MNCs like Accenture, Infosys, TCS, Wipro and others hiked the pay of their employees and even promoted them.
The appraisal season is here and if you are working for one of the big tech companies such as Amazon, Google or Microsoft, chances are that you will or have already seen a huge jump in your salary. Companies including Amazon, Google, Microsoft, Infosys and others have reportedly hiked the salaries of all their employees.
Amazon said that it increased overall compensation ranges for most jobs globally.
Google did not hike workers’ pay but increased salary of “top brass”
In January, it was reported that Google had hiked the salary of its top brass, but not the workers. As per reports, Google had hiked the base salary of at least four of its senior executives, hiking base salaries from $650,000 to $1 million.
The top executives, whose salaries were hiked, include Chief Financial Officer Ruth Porat; senior vice president Prabhakar Raghavan (in charge of Google search); senior vice president and chief business officer Philipp Schindler; and Kent Walker, president of global affairs and chief legal officer, according to the latest company filing with the US Securities and Exchange Commission.
Microsoft doubled its global merit budget
Microsoft CEO Satya Nadella informed his employees in an email that Microsoft “nearly doubled the global merit budget” and it is allocating more money to people who are in the middle of their career.
“Time and time again, we see that our talent is in high demand, because of the amazing work you do to empower our customers and partners. Among the leadership team, your impact is both recognized and deeply appreciated — and for that I want to say a big thank you. That’s why we’re making long-term investments in each of you,” Nadella’s email to his employees, which was obtained by Geekwire, read.
Nadella also told his employees that the company is making “a significant additional investment in our compensation programs”, which is way beyond its normal budget.
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