All of you are appreciated. For their contributions during the global Coronavirus outbreak, Microsoft employees around the world will receive a $1,500 bonus.
Microsoft is giving its employees a hefty bonus for all of their hard work throughout the Coronavirus pandemic.
Microsoft had already offered its employees additional vacation days previously this year, but now they’re getting even more than that.
Based on a report published Friday, Microsoft is giving employees a $1,500 pandemic bonus this year for the “unique and challenging fiscal year that Microsoft just completed.”
The bonuses will be distributed to all employees below the level of corporate vice president who started on or before March 31, 2021, according to the report, which cites an internal document. This includes part-time workers and those on hourly rates. Employees in the US as well as those from other countries who match the criteria will be eligible for the incentive.
In a message to employees on Thursday, Microsoft’s chief people officer, Kathleen Hogan, revealed the news about the bonuses. The bonuses will be distributed to employees in the United States and abroad in July or August, though Microsoft’s corporate vice presidents, as well as employees of Microsoft’s GitHub, LinkedIn, and Zenimax subsidiaries, will not receive them, the spokesperson added.
“As a symbol of our appreciation for coming together as One Microsoft during a uniquely challenging year, we are proud to recognize our employees with a one-time monetary gift,” the Microsoft spokesperson confirmed in an email.
Microsoft isn’t the only company that has rewarded its employees throughout the pandemic. In March of this year, BT, for example, paid 60,000 frontline employees a special incentive of £1,500 in honor of their efforts in keeping the UK’s communication lines operational during the coronavirus outbreak.
Corporations are especially concerned about a trend known as the Great Resignation, in which workers and staff reassess their objectives for work-life balance after offices reopen.
Many people have expressed a desire to avoid long journeys to work and are instead opting for professions that are either closer to home or allow for remote work.
The worker incentive, according to Microsoft, is a mark of appreciation for the work that employees did with customers and partners over the last year.
Many Microsoft engineers, for example, were said to have slept at their data centers during the epidemic in order to keep Azure cloud services operational.
Redmond had over $125 billion in cash, equivalents, and short-term investments at the end of the first quarter, indicating that the software behemoth had plenty of cash on hand to cover the relocation.
Microsoft employs 175,508 people worldwide, and the action exemplifies what tech corporations are trying to mitigate the effects of the coronavirus outbreak. Last year, Facebook awarded employees a $1,000 bonus to encourage them to work from home, and Twitter announced that it will reimburse employees for home office setup costs as well as fees that parents pay for extra day care.
Microsoft became only the third company in the world to be valued at $2 trillion (£1.43 trillion) last month (after Saudi Aramco and Apple).