26% Stock Surge and 15% Revenue Growth: Microsoft Awards Up to 25% of Annual Bonuses to Employees

Microsoft is awarding up to 25% of annual bonuses to employees below the senior director level following a strong fiscal year and stock performance.

Microsoft’s Strong Q4 Performance Leads to One-Time Cash Awards for Employees

Microsoft is giving a special one-time cash award to its employees up to 25% of their annual bonus. This reward is for all salaried and hourly workers below the senior director level. Junior employees can get up to 25% of their bonus, while senior directors can earn up to 10% depending on their performance.

This announcement follows a strong fourth quarter for Microsoft with a 15% increase in revenue compared to last year and a 16% rise for the full fiscal year. This is a big improvement from the 7% growth seen in fiscal 2023. The company’s stock has also gone up 26% in the past year beating the Nasdaq’s 20% increase. The awards are meant to be significant for employees at all levels showing appreciation for their hard work, according to the report of CNBC.

READ ALSO: Connecticut Families Demand Broader Reforms To Address Tax Inequities And Support Child Tax Credit – Check It Out!

(photo: LinkedIn)

Boosting Employee Satisfaction and Retention in a Competitive Tech Job Market

The company is also trying to keep and attract talented workers especially in the high-demand field of artificial intelligence. Microsoft has recently had layoffs including 10,000 job cuts early in 2023, and faces competition from other tech companies that offer higher pay. These performance awards are part of Microsoft’s plan to boost employee satisfaction and match their pay with the company’s recent success.

READ ALSO: 60 Votes Needed: Senate Republicans Block Bid To Expand Child Tax Credit And Cut Business Taxes, What’s Next?