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Microsoft Will Boost Pay and Stock Compensation to Retain Employees

  • ‘Our talent is in high demand,’ CEO Satya Nadella says in memo
  • Move could ‘nearly double’ budget for salary increases
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Microsoft Corp. plans to “nearly double” its budget for employee salary increases and boost the range of stock compensation it gives some workers by at least 25%, an effort to retain staff and help people cope with inflation.

The move will mainly affect “early to mid-career employees,” the software giant said in a statement Monday.