Microsoft is providing a pandemic bonus of Rs 1.12 lakh to each employee. Microsoft is awarding a $1,500 (about Rs 1.12 lakh) annual bonus to every one of its workers in appreciation of the difficult fiscal year that the tech giant recently finished.
According to The Verge, which obtained a copy of an internal letter. Microsoft is awarding the bonus to any employees below the rank of a corporate vice president who began their employment on or before March 31, 2021.
It will also cover part-time employees and those who are paid on an hourly basis.
It was report on Thursday that “Microsoft’s chief people officer, Kathleen Hogan, revealed the present to workers today. And it will apply to all qualified employees in both the United States and abroad.”
Microsoft has a total of 175,508 workers throughout the globe.
Employees of the company’s subsidiaries, including LinkedIn, GitHub, and ZeniMax. Are not eligible for the pandemic bonus, according to the article.
The donation amounts to about $200 million, or less than two days’ worth of Microsoft’s earnings.
Earlier this year, Facebook offered each of its 45,000 employees a $1,000 incentive. While Amazon handed frontline staff a $300 Christmas bonus.
It was originally planning to gradually reopen Microsoft’s Redmond, Washington, headquarters. And surrounding campuses starting on March 29 under the auspices of a six-stage hybrid workplace approach. But the company has since announced that it would postpone the reopening until September.
Microsoft work locations in 21 countries are now able to accommodate more employees in their facilities. Accounting for about 20% of the company’s worldwide employee base.