Well, Microsoft will be giving our $1,500 bonuses to many of its employees after more than a year of impact from the coronavirus.
However, the gesture is a part of an effort by the technology companies for keeping the employees happy at the time of the pandemic and ensures that they may stick around while most are still away from offices. Further, such care can help for reducing the impact of a feared trend dubbed the Great Resignation as the companies are reopening facilities and workers consider job changes.
The bonuses will be costing Microsoft almost $200 mill and the gesture will be highlighting appreciation for the efforts which the employees made with consumers and partners in the past year. Towards the end of the first quarter of the company had more than $125 billion in cash, equivalent, and short-term investments.
On Thursday, Kathleen Hogan, Microsoft’s chief people officer, made an announcement about bonuses in a message to employees. The bonuses will go out in July or August to employees in the U.S. and abroad, although Microsoft’s corporate vice presidents won’t receive them, nor will employees of Microsoft’s GitHub, LinkedIn, and Zenimax subsidiaries, as per the spokesperson.
Some companies have provided their employees with credits for food-delivery apps such as Uber Eats to help pay for meals. Other companies have distributed care packages or offered additional time off. Microsoft also granted workers five extra paid vacation days earlier this year.