Satya Nadella, CEO of Microsoft Corp.
Grant Hindsley | Bloomberg | Getty Images
Microsoft will give many of its employees a $ 1,500 bonus after more than a year of the effects of the coronavirus.
The gesture is part of an effort by tech companies to keep employees happy during the pandemic and to ensure they stay around while many are away from the offices. Such diligence could help lessen the impact of a feared trend known as the “Great Resignation” as companies reopen their facilities and workers consider changing jobs.
The bonuses will cost Microsoft about $ 200 million and are a gesture to show the effort employees have made with customers and partners over the past year, a spokesman told CNBC Thursday after The Verge first reported on the news would have. At the end of the first quarter, the company had more than $ 125 billion in cash, equivalents and short-term investments.
Kathleen Hogan, Microsoft’s chief people officer, announced the bonus news in a message to employees on Thursday. The rewards will be paid out to employees in the US and abroad in July or August, although Microsoft corporate vice presidents will not receive them, nor will employees of Microsoft subsidiaries GitHub, LinkedIn and Zenimax, the spokesman said.
Special payments are one way technology companies show appreciation to their employees in the Covid era. Some companies have given their employees credit for grocery delivery apps like Uber Eats to help them pay for food. Other companies have distributed care packages or offered additional free time. Microsoft granted workers five additional paid vacation days earlier this year, the Puget Sound Business Journal reported.
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