nypost.com Open in urlscan Pro
192.0.66.32 Public Scan

Back to summary

Submitted URL:
https://go.thetotem.co/t/100913/c/6895f88b-ba32-49ca-8cc6-f9f00dddeef2/NB2HI4DTHIXS63TZOBXXG5BOMNXW2LZSGAZDELZQGUXTCNRP...
Effective URL:
https://nypost.com/2022/05/16/microsoft-doubles-budget-for-employee-salaries-to-address-inflation-retain-talent/
Submission: On June 27 via manual (June 27th 2022, 8:51:58 am UTC) from US — Scanned from DE

Form analysis
4 forms found in the DOM

https://nypost.com/

<form class="search__form" action="https://nypost.com/" id="nav-search">
  <div class="search__inner" role="search">
    <label for="search-input-interior" class="screen-reader-text"> Search </label>
    <input type="search" name="s" class="search__input" placeholder="Type to Search" value="">
  </div>
  <button class="search__submit" type="submit" id="search-submit" value="search" tabindex="-1" aria-label="Click to Search">
    <span class="search__submit-text"> Search </span>
    <span class="search__submit-icon">
      <svg xmlns="http://www.w3.org/2000/svg" width="23" height="24" viewBox="0 0 23 24" tabindex="-1" aria-hidden="true">
        <path data-name="Search Icon" d="M21.568 24l-7.348-7.344a9.218 9.218 0 111.54-1.325L23 22.569 21.569 24zM9.116 2.025a7.087 7.087 0 107.091 7.087 7.1 7.1 0 00-7.091-7.087z" fill="#C60800"></path>
      </svg>
    </span>
  </button>
</form>

<form class="search__form">
  <div class="search__inner" role="search">
    <label for="search-input-header" class="screen-reader-text"> Search </label>
    <span class="search__input-icon"><svg xmlns="http://www.w3.org/2000/svg" width="23" height="24" viewBox="0 0 23 24" tabindex="-1" aria-hidden="true">
        <path data-name="Search Icon" d="M21.568 24l-7.348-7.344a9.218 9.218 0 111.54-1.325L23 22.569 21.569 24zM9.116 2.025a7.087 7.087 0 107.091 7.087 7.1 7.1 0 00-7.091-7.087z" fill="#fff"></path>
      </svg>
    </span>
    <input type="search" name="s" class="search__input" id="search-input-header" placeholder="Type to Search" tabindex="-1" data-search-header="input">
  </div>
  <button class="search__submit" type="submit" tabindex="-1" aria-label="Click to Search" data-search-header="submit">
    <span class="search__submit-text">Search</span>
    <span class="search__submit-icon"><svg xmlns="http://www.w3.org/2000/svg" width="23" height="24" viewBox="0 0 23 24" tabindex="-1" aria-hidden="true">
        <path data-name="Search Icon" d="M21.568 24l-7.348-7.344a9.218 9.218 0 111.54-1.325L23 22.569 21.569 24zM9.116 2.025a7.087 7.087 0 107.091 7.087 7.1 7.1 0 00-7.091-7.087z" fill="#fff"></path>
      </svg>
    </span>
  </button>
</form>

POST https://nypost.com/2022/05/16/microsoft-doubles-budget-for-employee-salaries-to-address-inflation-retain-talent/#contact-form-22288595

<form action="https://nypost.com/2022/05/16/microsoft-doubles-budget-for-employee-salaries-to-address-inflation-retain-talent/#contact-form-22288595" method="post" class="contact-form commentsblock">
  <script>
    (function() {
      const contact_forms = document.getElementsByClassName('contact-form');
      for (const form of contact_forms) {
        form.onsubmit = function() {
          const buttons = form.getElementsByTagName('button');
          for (const button of buttons) {
            button.setAttribute('disabled', true);
          }
        }
      }
    })();
  </script>
  <div class="grunion-field-wrap grunion-field-name-wrap">
    <label for="g22288595-name" class="grunion-field-label name">Name<span>(required)</span></label>
    <input type="text" name="g22288595-name" id="g22288595-name" value="" class="name" required="" aria-required="true">
  </div>
  <div class="grunion-field-wrap grunion-field-email-wrap">
    <label for="g22288595-email" class="grunion-field-label email">Email<span>(required)</span></label>
    <input type="email" name="g22288595-email" id="g22288595-email" value="" class="email" required="" aria-required="true">
  </div>
  <div class="grunion-field-wrap grunion-field-textarea-wrap">
    <label for="contact-form-comment-g22288595-comment" class="grunion-field-label textarea">Comment<span>(required)</span></label>
    <textarea name="g22288595-comment" id="contact-form-comment-g22288595-comment" rows="20" class="textarea" required="" aria-required="true"></textarea>
  </div>
  <p class="contact-submit">
    <button type="submit" class="pushbutton-wide">Submit</button> <input type="hidden" name="contact-form-id" value="22288595">
    <input type="hidden" name="action" value="grunion-contact-form">
    <input type="hidden" name="contact-form-hash" value="a98181ee1aa93b80b29b7d0a6a2f4a0b2da66b44">
  </p>
  <p style="display: none !important;"><label>Δ<textarea name="ak_hp_textarea" cols="45" rows="8" maxlength="100"></textarea></label><input type="hidden" id="ak_js_1" name="ak_js" value="1656319908903">
    <script>
      document.getElementById("ak_js_1").setAttribute("value", (new Date()).getTime());
    </script>
  </p>
</form>

POST /2022/05/16/microsoft-doubles-budget-for-employee-salaries-to-address-inflation-retain-talent/

<form action="/2022/05/16/microsoft-doubles-budget-for-employee-salaries-to-address-inflation-retain-talent/" method="post">
  <label for="target_email">Send to Email Address</label>
  <input type="email" name="target_email" id="target_email" value="">
  <label for="source_name">Your Name</label>
  <input type="text" name="source_name" id="source_name" value="">
  <label for="source_email">Your Email Address</label>
  <input type="email" name="source_email" id="source_email" value="">
  <input type="text" id="jetpack-source_f_name" name="source_f_name" class="input" value="" size="25" autocomplete="off" title="This field is for validation and should not be changed">
  <div id="g-recaptcha"></div>
  <img style="float: right; display: none" class="loading" src="https://nypost.com/wp-content/mu-plugins/jetpack-10.9/modules/sharedaddy/images/loading.gif" alt="loading" width="16" height="16">
  <input type="submit" value="Send Email" class="sharing_send">
  <a rel="nofollow" href="#cancel" class="sharing_cancel" role="button">Cancel</a>
  <div class="errors errors-1" style="display: none;">There was an error with the form</div>
  <div class="errors errors-2" style="display: none;">Incorrect reCAPTCHA, please try again.</div>
  <div class="errors errors-3" style="display: none;"> Sorry, your blog cannot share posts by email. </div>
</form>

Text Content

Primary Menu Sections
Search
Search
Skip to search results
 * News
 * Metro
 * Page Six
 * Sports
 * Post Sports+
 * Sports Betting
 * Business
 * Opinion
 * Entertainment
 * Fashion
 * Shopping
 * Living
 * Media
 * Tech
 * Real Estate
 * Astrology
 * Video
 * Photos
 * Visual Stories
 * Sub Menu 1
   * Covers
   * Columnists
   * Horoscopes
   * Sports Odds
   * Podcasts
   * Careers
 * Sub menu 2
   * Email Newsletters
   * Official Store
   * Home Delivery
   * Tips

Log In
Search Email
New York Post
New!
Sports Plus!
Get 30 Days Free


June 27, 2022
Search
Search



Tech
 * Facebook
 * Twitter
 * Flipboard
 * WhatsApp
 * Email
 * Copy
 * 


MICROSOFT DOUBLES BUDGET FOR EMPLOYEE SALARIES TO ADDRESS INFLATION, RETAIN
TALENT

By
Thomas Barrabi


SOCIAL LINKS FOR THOMAS BARRABI

 * View Author Archive
 * email the author
 * Get author RSS feed


CONTACT THE AUTHOR

Name(required)
Email(required)
Comment(required)

Submit

Δ

Thanks for contacting us. We've received your submission.

Back to Reading
May 16, 2022 4:38pm
Updated
May 16, 2022 4:38pm
Microsoft and other tech firms are competing for talent in a tight labor market.
AP


MORE ON: MICROSOFT


 * BILL GATES’ PURCHASE OF NORTH DAKOTA FARMLAND HAS LOCALS ‘LIVID’: OFFICIAL


 * RIP INTERNET EXPLORER: KOREAN ENGINEER’S $330 GRAVESTONE GOES VIRAL


 * SO LONG, INTERNET EXPLORER. THE BROWSER IS FINALLY RETIRING


 * MICROSOFT TO BRING XBOX GAMES TO SAMSUNG’S 2022 SMART TVS

Microsoft plans to boost salaries and benefits to retain its talent in the
competitive labor market as decades-high inflation has sapped the buying power
of American workers.

The Seattle-based tech giant said Monday it would “nearly double” its budget for
employee pay as part of its retention efforts. Microsoft is also increasing the
range of its stock-based compensation by at least 25%.

“This increased investment in our worldwide compensation reflects the ongoing
commitment we have to providing a highly competitive experience for our
employees,” a Microsoft spokesperson said in a statement to The Post.

The increases will mostly apply to early and mid-career Microsoft employees,
according to Bloomberg. The company had 103,000 workers in the US as of last
June and another 78,000 around the world.

Microsoft said the changes mostly apply to early and mid-career employees.Boston
Globe via Getty Images

“As we approach our annual total rewards process, we are making a significant
additional investment this year to compensate our employees globally,” Microsoft
said in a statement obtained by Bloomberg.

“While we have factored in the impact of inflation and rising cost of living,
these changes also recognize our appreciation to our world-class talent who
support our mission, culture and customers, and partners.”

The higher cost of living is just one of several considerations for firms such
as Microsoft and its rivals – all of which are faced with the challenge of
filling job roles during a period of high worker leverage that has become known
as the “Great Resignation.”

Microsoft currently has a hybrid work policy and managers have to approve
schedules in which employees work from home more than 50% of the time.

“People come to and stay at Microsoft because of our mission and culture, the
meaning they find in the work they do, the people they work with, and how they
are rewarded,” the Microsoft spokesperson told The Post.

Microsoft is also boosting stock-based compensation.Getty Images for Leaders

Inflation surged to a higher-than-expected 8.3% in April and has remained
persistent for months, sapping worker wage gains and adding pressure to
household budgets.

The cost of rent in major cities such as New York has surged. The most recent
Consumer Price Index showed that shelter costs rose 5.1% year-over-year and 0.5%
compared to March – the highest rate of annual increase since 1991.

Prices for staple items such as gas and groceries are also on the rise.

In February, Amazon doubled its base pay limit for corporate employees to
$350,000. At the time, the company described contending with a “particularly
competitive labor market.”

Tech giants aren’t the only companies rolling out new efforts to attract and
retain talent.

As The Post reported, Walmart is rolling out a pilot program aimed at recent
college grads that will put them on track for store manager roles that pay up to
$210,000 per year.


SHARE THIS ARTICLE:

 * Facebook
 * Twitter
 * Flipboard
 * WhatsApp
 * Email
 * Copy
 * 

Filed under
 * hirings and firings
 * inflation
 * Jobs
 * microsoft
 * 5/16/22

Read Next Longtime Elon Musk backer says Twitter deal will close at ...


Skip
Ads by


TRENDING NOW ON NYPOST.COM

 * This story has been shared 326,970 times. 326,970
   
   
   BEN AFFLECK'S 10-YEAR-OLD SON SAMUEL DINGS LAMBORGHINI IN LOS ANGELES

 * This story has been shared 31,180 times. 31,180
   
   
   CHELSEA HANDLER SUES LINGERIE BRAND THIRDLOVE FOR BREACH OF CONTRACT

 * This story has been shared 30,712 times. 30,712
   
   
   WOMAN FLASHES TV CAMERA BEFORE RUGBY MATCH





NOW ON PAGE SIX




 * NICK CANNON: ‘I’VE FAILED MISERABLY’ AT MONOGAMY AND RELATIONSHIPS


 * KENDALL JENNER BASKS IN THE SUN COMPLETELY NUDE AMID DEVIN BOOKER SPLIT


 * ANYA TAYLOR-JOY FLASHES RING, SPARKS MALCOLM MCRAE ENGAGEMENT RUMORS

See All


VIDEO


 * WILD VIDEO REPORTEDLY SHOWS DRUNKEN FLIER SHOVE GIRLFRIEND, SLUG AIRPORT
   WORKER


NOW ON DECIDER




 * BILL MAHER TALKS ABORTION ON 'REAL TIME': WE LIVE IN "TWO DIFFERENT
   COUNTRIES" AFTER SUPREME COURT RULING

See All

WHAT TO SHOP


 * START THE 4TH WITH A BANG DURING THE HP SNEAK PEEK FLASH SALE


 * SHOP THE BEST OF LULULEMON ‘WE MADE TOO MUCH’: SHORTS, LEGGINGS, MORE


 * SHOP THE VIRAL 'MISSING PERSON' PHLUR PERFUME WHILE IT'S BACK IN STOCK


 * WHAT FAST CAPITAL 360 IS AND HOW IT CAN FUND YOUR SMALL BUSINESS GOALS


 * HIT PLAY ON THE 30 BEST PORTABLE BLUETOOTH SPEAKERS OF 2022





SHARE THIS ARTICLE

Share Selection

 * Share selection to Facebook
 * Share selection to Twitter


MORE STORIES


PAGE SIX

KENDALL JENNER BASKS IN THE SUN COMPLETELY NUDE AMID DEVIN BOOKER SPLIT




NYPOST

BEN AFFLECK'S 10-YEAR-OLD SON SAMUEL DINGS LAMBORGHINI IN LOS ANGELES

 * Facebook
 * Twitter
 * Instagram
 * LinkedIn
 * Email
 * YouTube

 * Sections & Features
   * News
   * Metro
   * Sports
   * Sports Betting
   * Business
   * Opinion
   * Entertainment
   * Fashion
   * Shopping
   * Living
   * Media
   * Tech
   * Real Estate
   * Astrology
   * Video
   * Photos
   * Visual Stories
   * Alexa
   * Covers
   * Horoscopes
   * Sports Odds
   * Podcasts
   * Columnists
   * Classifieds
 * Post Sports+
   * Subscribe
   * Articles
   * Manage
 * Newsletters & Feeds
   * Email Newsletters
   * RSS Feeds
   * NY Post Official Store
   * Home Delivery
     * Subscribe
     * Manage Subscription
   * Delivery Help
 * Help/Support
   * About New York Post
   * Customer Service
   * App FAQ & Help
   * Community Guidelines
   * Contact Us
     * Tips
     * Newsroom
     * Letters to the Editor
     * Reprints
     * Careers
 * Apps
   * iPhone App
   * iPad App
   * Android Phone
   * Android Tablet
   * Advertise
     * Media Kit
     * Contact

© 2022 NYP Holdings, Inc. All Rights Reserved Terms of Use Membership Terms
Privacy Notice Your Ad Choices Sitemap Your California Privacy Rights Manage
Choices


SHARE LINK

click to copy




Send to Email Address Your Name Your Email Address

Cancel
There was an error with the form
Incorrect reCAPTCHA, please try again.
Sorry, your blog cannot share posts by email.

Notifications





ABOUT YOUR PRIVACY




 * YOUR PRIVACY


 * STRICTLY NECESSARY COOKIES


 * FUNCTIONAL COOKIES


 * ANALYTICS COOKIES


 * TARGETING COOKIES


 * STORE AND/OR ACCESS INFORMATION ON A DEVICE


 * CREATE A PERSONALISED ADS PROFILE


 * SELECT PERSONALISED ADS


 * CREATE A PERSONALISED CONTENT PROFILE


 * SELECT PERSONALISED CONTENT


 * SELECT BASIC ADS


 * MEASURE AD PERFORMANCE


 * MEASURE CONTENT PERFORMANCE


 * APPLY MARKET RESEARCH TO GENERATE AUDIENCE INSIGHTS


 * DEVELOP AND IMPROVE PRODUCTS


 * USE PRECISE GEOLOCATION DATA


 * SPECIAL PURPOSES


 * FEATURES


 * DO NOT USE

YOUR PRIVACY

We process your data to deliver content or advertisements and measure the
delivery of such content or advertisements to extract insights about our
website. We share this information with our partners on the basis of consent and
legitimate interest. You may exercise your right to consent or object to a
legitimate interest, based on a specific purpose below or at a partner level in
the link under each purpose. These choices will be signaled to our vendors
participating in the Transparency and Consent Framework.
More information about your privacy

List of Vendors‎

STRICTLY NECESSARY COOKIES

Always Active

Strictly necessary cookies are essential for the website to function correctly.
These cookies may also be used to assist in fraud prevention and security. You
can set your browser to block or alert you about these cookies, but without
them, performance of the site may be affected and you may not be able to take
full advantage of all services and/or features of the site.

FUNCTIONAL COOKIES

Functional Cookies No Consent


Functional cookies collect information regarding your choices and preferences
(such as, your language preference, user name, or location) to provide a more
personalized online experience and show you content relevant to where you are,
such as customizing a certain webpage or remembering if we have asked you to
sign up for our Services. With mobile or other internet enabled devices,
functional cookies may collect a unique identifier assigned to an internet
enabled device (mobile, tablet), geolocation data or other traffic information
for that device. These features help us improve your experience with the
website, for example, to determine the appropriate device location during a
session or count articles viewed.

ANALYTICS COOKIES

Analytics Cookies No Consent


We and our service providers, such as Google Analytics, use analytics cookies to
collect information about your use of the website to help create reports and
statistics on the performance of the website, which enable us to improve the way
the site works. Analytics cookies collect information such as your IP address,
type of device, operating system, referring URLs, country information data and
time of page visits, and pages visited. This information allows us to identify
overall patterns of usage on the website, and help us record any difficulties
you have with website.

TARGETING COOKIES

Targeting Cookies No Consent


These cookies may be set through our site by our advertising partners. They may
be used by those companies to build a profile of your interests and show you
relevant adverts on other sites. They do not store directly personal
information, but are based on uniquely identifying your browser and internet
device. If you do not allow these cookies, you will experience less targeted
advertising.

STORE AND/OR ACCESS INFORMATION ON A DEVICE

Store and/or access information on a device No Consent


Cookies, device identifiers, or other information can be stored or accessed on
your device for the purposes presented to you.

List of Vendors‎ | View Full Legal Text Opens in a new Tab

CREATE A PERSONALISED ADS PROFILE

Create a personalised ads profile No Consent


A profile can be built about you and your interests to show you personalised ads
that are relevant to you.

List of Vendors‎ | View Full Legal Text Opens in a new Tab

SELECT PERSONALISED ADS

Select personalised ads No Consent


Personalised ads can be shown to you based on a profile about you.

List of Vendors‎ | View Full Legal Text Opens in a new Tab

CREATE A PERSONALISED CONTENT PROFILE

Create a personalised content profile No Consent


A profile can be built about you and your interests to show you personalised
content that is relevant to you.

List of Vendors‎ | View Full Legal Text Opens in a new Tab

SELECT PERSONALISED CONTENT

Select personalised content No Consent


Personalised content can be shown to you based on a profile about you.

List of Vendors‎ | View Full Legal Text Opens in a new Tab

SELECT BASIC ADS



Ads can be shown to you based on the content you’re viewing, the app you’re
using, your approximate location, or your device type.

Object to Legitimate Interests Remove Objection
List of Vendors‎ | View Full Legal Text Opens in a new Tab

MEASURE AD PERFORMANCE



The performance and effectiveness of ads that you see or interact with can be
measured.

Object to Legitimate Interests Remove Objection
List of Vendors‎ | View Full Legal Text Opens in a new Tab

MEASURE CONTENT PERFORMANCE



The performance and effectiveness of content that you see or interact with can
be measured.

Object to Legitimate Interests Remove Objection
List of Vendors‎ | View Full Legal Text Opens in a new Tab

APPLY MARKET RESEARCH TO GENERATE AUDIENCE INSIGHTS



Market research can be used to learn more about the audiences who visit
sites/apps and view ads.

Object to Legitimate Interests Remove Objection
List of Vendors‎ | View Full Legal Text Opens in a new Tab

DEVELOP AND IMPROVE PRODUCTS



Your data can be used to improve existing systems and software, and to develop
new products

Object to Legitimate Interests Remove Objection
List of Vendors‎ | View Full Legal Text Opens in a new Tab

USE PRECISE GEOLOCATION DATA

Use precise geolocation data No Consent


Your precise geolocation data can be used in support of one or more purposes.
This means your location can be accurate to within several meters.

List of Vendors‎ | View Full Legal Text Opens in a new Tab

SPECIAL PURPOSES

Always Active

We have a need to use your data for this processing purpose that is required for
us to deliver services to you.

 * TECHNICALLY DELIVER ADS OR CONTENT
   
   Switch Label label
   
   Your device can receive and send information that allows you to see and
   interact with ads and content.

 * ENSURE SECURITY, PREVENT FRAUD, AND DEBUG
   
   Switch Label label
   
   Your data can be used to monitor for and prevent fraudulent activity, and
   ensure systems and processes work properly and securely.

List of Vendors‎ | View Full Legal Text Opens in a new Tab

FEATURES

Always Active

Features are a use of the data that you have already agreed to share with us.

 * MATCH AND COMBINE OFFLINE DATA SOURCES
   
   Switch Label label
   
   Data from offline data sources can be combined with your online activity in
   support of one or more purposes

 * LINK DIFFERENT DEVICES
   
   Switch Label label
   
   Different devices can be determined as belonging to you or your household in
   support of one or more of purposes.

 * RECEIVE AND USE AUTOMATICALLY-SENT DEVICE CHARACTERISTICS FOR IDENTIFICATION
   
   Switch Label label
   
   Your device might be distinguished from other devices based on information it
   automatically sends, such as IP address or browser type.

List of Vendors‎ | View Full Legal Text Opens in a new Tab

DO NOT USE

Do Not Use No Consent




Back Button


BACK



Vendor Search
Filter Button
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Clear
checkbox label label
Apply Cancel
Confirm My Choices
Reject All Allow All



WE VALUE YOUR PRIVACY

We and our partners store and access information on your device, such as unique
IDs in cookies to process personal data. You may accept and manage your choices
at any time by clicking `Manage Choices`, including your right to object where
legitimate interest is relied upon. Your choices will be signaled to our
partners and will not affect your browsing.Cookie Notice


WE AND OUR PARTNERS PROCESS DATA FOR THE FOLLOWING REASONS:

Use precise geolocation data. Actively scan device characteristics for
identification. Store and/or access information on a device. Create a
personalised ads profile. Select personalised ads. Create a personalised content
profile. Select personalised content. Select basic ads. Measure ad performance.
Measure content performance. Apply market research to generate audience
insights. Develop and improve products. List of Partners (vendors)

Allow All Manage Choices