TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    LeadersSpeak
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Submission Guidelines

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    LeadersSpeak
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
Microsoft hands out US$200 million bonuses to employees

News • 12th Jul 2021 • 1 Min Read

Microsoft hands out US$200 million bonuses to employees

Compensation & Benefits

Author: People Matters Editorial Team People Matters Editorial Team
9.5K Reads
Employees below the level of corporate vice president will each receive US$1,500 in appreciation for their work during the pandemic.

Technology giant Microsoft is giving one-time bonuses worth US$1,500 to its employees in appreciation of the challenging fiscal year that has just passed. Kathleen Hogan, Chief People Officer at Microsoft, announced the bonuses in an internal memo last week.

Microsoft employs 175,508 workers globally and the bonus of US$1,500 will be provided to each employee below the level of corporate vice president, including part-time employees as well as those working on a hourly basis. The bonus will be given to all eligible employees who have joined Microsoft on or before March 31, 2021. However, the bonus will not be extended to people employed at LinkedIn, GitHub, and ZeniMax, although Microsoft owns these companies.

Considering the number of eligible employees within Microsoft, the overall bonus amount will be around US$200 million.

The idea behind bonuses and assistance to workers encourages Microsoft's working model and serves as a gesture to its employees who helped generate profits in the last challenging fiscal year even during difficult times like the pandemic. The tech giant gained 38 percent profit during the first quarter of 2021. Moreover, due to expansion of cloud services, increase in Windows usage and electronics sales, and merger of businesses and companies, Microsoft generated over US$160 billion in revenue.

Microsoft is not the sole company to hand out bonuses and gifts to its employees. There are other companies as well who performed well during the pandemic and as a gesture of appreciation, extended gifts and bonuses to its workers. Facebook gave a US$1,000 bonus to its employees in March 2020, Google made a similar gesture in May 2020, and Amazon handed out a US$300 bonus to its front line workers and US$150 to part-time workers.

Read More

Did you find this article helpful?


You Might Also Like

The science of fair pay: Who pays workers better?

NEWS • 14th Mar 2023 • 2 Min Read

The science of fair pay: Who pays workers better?

Compensation & Benefits
Do ethnic minorities earn less than white peers?

NEWS • 13th Mar 2023 • 2 Min Read

Do ethnic minorities earn less than white peers?

Compensation & BenefitsDiversity
Gen Z Australians are struggling financially

NEWS • 13th Feb 2023 • 2 Min Read

Gen Z Australians are struggling financially

Compensation & Benefits
NEXT STORY: Pluralsight closes acquisition of online training company 'A Cloud Guru'

Trending Stories

  • design-thinking-hr

    Intel Co-Founder, pioneer of Moore's Law, Gordon Moore dies ...

  • design-thinking-hr

    How to handle a toxic boss

  • design-thinking-hr

    How to build a recession-proof career

  • design-thinking-hr

    Over 50% of Gen Z in the world suffer from poor mental healt...

Upcoming Event: View All

Event Title 29 Mar Webinar

2023 Employee Experience Trends

Free 11:00 AM AEST

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Submission Guidelines

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.