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Microsoft kicks off its first US voluntary retirement plan and overhauls pay rewards

1 min read
Source: CNBC
Microsoft kicks off its first US voluntary retirement plan and overhauls pay rewards
Photo: CNBC
TL;DR

Microsoft will offer a one-time voluntary retirement program in the United States for eligible employees at or below senior director level whose combined age and years of service total 70 or more, affecting about 7% of U.S. staff; details arrive May 7. The company is also decoupling stock awards from cash bonuses to give managers more flexibility in recognizing performance and is simplifying the pay-review process from nine to five options.

Topics:top-newsbusiness#business#employee-compensation#microsoft#stock-bonuses#us-workforce#voluntary-retirement
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  1. Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce  CNBC
  2. Microsoft Offers Buyouts to About 7% of US Workers  Bloomberg.com
  3. Microsoft plans first voluntary employee buyout, CNBC reports  Reuters
  4. Microsoft offers voluntary retirement to long-serving employees  The Verge
  5. Microsoft will offer voluntary retirement to thousands of employees in a first for tech giant  GeekWire

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