Microsoft , Google, Amazon and other tech companies gave massive salary hike percentage to their employees

This appraisal season in 2022 makes big smiles in Microsoft, Google ,Amazon and others employees, This finical year salary hike made a huge jump in employees takeout salary compared to past last two years.

We all know past two years was a critical years for most of the company ,since the pandemic situations was peak at that time most of the companies didn’t do any big hike in the critical time.May be that 2 years is influenced deciding this massive salary hike percentage.

Microsoft nearly doubled the merit budget

Microsoft employees got a email from CEO Satya Nadella “nearly doubled the global merit budget” and Microsoft is allocating more money to people who are in the middle of their career.

This is the email from Nadella to his Microsoft employees “Time and time again, we see that our talent is in high demand, because of the amazing work you do to empower our customers and partners. Among the leadership team, your impact is both recognized and deeply appreciated — and for that I want to say a big thank you. That’s why we’re making long-term investments in each of you,”. companies planing to invest huge amount to their compensation programs.

Amazon increased salary hike More than 100 percentage this time.

In February 2022, Amazon announced that it will more than double the maximum base salary from $160,000 to $350,000 .“Amazon will boost its maximum base pay to $350,000 for corporate and tech employees, from $160,000 previously, as part of an overall increase in total compensation intended to help recruit top talent and retain existing employees,”

Google increased salary of its senior executives

As per reports, Google had increased salary of at least four of its senior executives, increasing base salaries from $650,000 to $10000000.The top senior executives, include Chief Financial Officer Ruth Porat, senior vice president Prabhakar. senior vice president and chief business officer Philipp, and Kent, president of global affairs and chief legal officer, according to the latest company filing with the US Securities and Exchange Commission.

According to the latest report their is huge hike in salary hike percentage in IT Industry, basic salary is in India is now .8- 10 million , Most of the senior employees in MNC are crossed their salary form 3.5 million to 5 million.

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