Report: Microsoft is to `nearly double` its employee compensation budget
(Windows Phone Central)

Microsoft is increasing its effort to retain staff. They call it the `Great Resignation,` with millions of employees from all walks of life re-assessing their relationship with work in a post-pandemic era. Whether it`s a desire to permanently work from home, or simply find greener pastures, employee turn over has ramped up across the working world, and Microsoft is no different. Doubtless in response to the current labor market, Microsoft today announced it will nearly double its budget for merit-based employee pay increases, while also increasing its annual stock options by 25%. The plans were detailed in an internal email from CEO Satya Nadella (via Geekwire), and outline a range of measures to retain staff in a volatile labor market. `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. Across the leadership team, your impact is both recognized and deeply appreciated — and for that I want t...