195
Leaked Microsoft pay guidelines reveal salary, hiring bonus, and stock award ranges by level
(www.businessinsider.com)
this post was submitted on 17 Oct 2023
195 points (96.2% liked)
Technology
58303 readers
9 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
It's unclear how broadly the guidelines apply, or whether they are just for one specific role or business, but the ranges provide a window into how Microsoft thinks about its various level designations.
The lowest was a $42,500 salary, with no hiring bonus and no guaranteed stock award.
There's also a level 80 for a "technical fellow," which is typically one of the highest-ranking executives at the company.
In 2022, when the economy was still booming, Microsoft granted an across-the board compensation raise for levels 67 and lower through larger stock grants, in response to growing internal dissatisfaction with compensation compared to competitors, and to stop employees from leaving for better pay, especially to Amazon.
As Insider previously reported, earlier this year, as the economy faltered, Microsoft froze base pay raises and cut its budget for bonuses and stock awards.
Contact reporter Ashley Stewart via the encrypted messaging app Signal (+1-425-344-8242) or email ([email protected]).
The original article contains 800 words, the summary contains 154 words. Saved 81%. I'm a bot and I'm open source!