After massive ruination in the various industries since Covid-19 period, major complications were seen in the human resources of various companies, following the mark of Top MNCs such as Infosys, Accenture, Wipro, TCS, and others raising employee salaries and promoting them earlier in 2021, firms like Amazon, Google, and Infosys as well as Microsoft has recently announced a hike in the salary of their employees.
As reported by various tech reporters: Because of the epidemic and the economic downturn, many businesses have put off evaluations since 2020.
Amazon intends to increase the basewage cap for employees by more than doubling it
The big tech e-commerce American establishment has announced to double the salaries of its employees that are approx around $350,000 from $160,000 is what max the company offered earlier (sources-economic times)
According to a message quoted by Amazon, the statement was made, “this past year has seen a particularly the competitive labor market, “and there was a “need to remain competitive, for attracting and keeping top people.”
Amazon further stated that they will examine newly promoted employees during the promotion period and will exclusively introduce a new pay range for them. Amazon has elaborated that it is pay rise for all levels of workers in the whole company across the globe.
Google hikes for senior management
Though their is excitement for a hike in google desk but it is Unlike Amazon, which is not for all but just for senior management and not for lower levels with the hike of $160,000 to $ 1 Million.
According to reports, Infosys Ltd., the computer behemoth, has announced hefty pay raises, promotions, and bonuses. for its staff from all levels. Microsoft offer is no less than a boon for its employees. as they have focused to give hefty and justified raises to employees specifically in standing in mid of their career.
“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,” Geekwire reported quoting Nadella’s email to his employees.
Conclusion
With these major hikes made by tech companies this year, is an incredible way to make up for the last 2 distorted years in work zones for employees, promising with better growth. and empowering them with better work structure by justified raise for their hard work is something to be really appreciated for these big shots companies.
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