Tom Ellsworth
@bizdocpodcast·63.4K subscribers·1.6K videos
Microsoft's Full-Time Employees Denied Salary Increases This Year
Posted
May 18, 2023
Views
342
Likes
20
Comments
2
Engagement
6.43%
May 18, 2023
342
20
2
6.43%
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5:40Now PlayingIn this short clip, Biz Doc says that Microsoft has decided not to offer salary increases , claiming they need to cut the budget for bonuses and stock awards. This contradicts the management style of Jack Welch, former CEO of GE, who believed in rewarding top performers in good or bad times, and moving bottom performers out of the company. The video suggests that companies should take care of top performers even in tough times and prepare for an economic downturn by optimizing their workforce.
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