Amid talent crunch, Microsoft looks to keep talent through pay hikes, bonuses

Under tremendous pressure to attract and retain talent, Microsoft is boosting worldwide compensation for employees to remain competitive with some of its Big-tech rivals, including Amazon and Meta.The Redmond, WA company plans to nearly double its global budget for merit-based salary increases, and increase its range for annual stock-based compensation by at least 25% for employees at the senior director level and below, according to a GeekWire report.“Specifically, we are nearly doubling