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Microsoft Freezes Salaries for 2023

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Re: Microsoft Freezes Salaries for 2023

#451

Earlier quoted context omitted.

There's literally thousands of other employers out there desperate for good tech people.

And do these “thousand of employees” pay what Microsoft is paying?

Yes, there are tons of companies out there that pay much better than Microsoft (that most people have likely never heard of).

Re: Microsoft Freezes Salaries for 2023

#452

Pretty impossible to respect a CEO that takes a 10% bump but cuts off raises for everyone else. Honestly, just disgusting.

Does anyone still actually have much respect for executive levels of big corporations? All I ever see is more and more naked greed and talking down to employees as if we are idiots that cannot see through their BS. Like all of the return to office stuff. We all know it's not about "in-person collaboration", but that's the line they think we're most likely to swallow.

The promo system I have seen in a FAANG company consistently selected for those who were 1.5X the average employee in terms of competency and 10X the average in terms of greed and shameless-ness.

Put this next to the fact that high level executives are paid upwards of 100X the average employee.

Re: Microsoft Freezes Salaries for 2023

#453

Earlier quoted context omitted.

There's literally thousands of other employers out there desperate for good tech people.

And do these “thousand of employees” pay what Microsoft is paying?

Its not hard to beat microsoft packages, they've been under market rate for a while

Re: Microsoft Freezes Salaries for 2023

#454
post #429

Earlier quoted context omitted.

Not really true for Microsoft. At Microsoft we generally do not get significant new stock grants or refresh grants, even on promotion no new stock is granted often. This may be different for principal engineers or certainly partner level folks - but senior engineers with more than 4 years of tenure will have essentially no significant stock to vest.

Are you describing American compensation? If so, how do they retain engineers after the cliff?

Inertia, laziness, crappy equity to begin with so the cliff isn't that big, concerns RE resetting immigration process progress. Source: I was at Microsoft for ~6 years and those are some of the reasons why I stuck with them for longer than I had to.

Re: Microsoft Freezes Salaries for 2023

#456

If this isn't a sign that corporations have gone too far, I don't know what is. Record profits but the producers of the profit will not get living raises.

> Record profits but the producers of the profit will not get living raises.

Employees don’t product profit. They also don’t share in losses.

Re: Microsoft Freezes Salaries for 2023

#457

With the rate of inflation and interest rates going up, salaried workers need a cost of living adjustment at the very least, even if we forget about a bonus or a big pay hike. This decision is unethical to full-time employees seeing the tidy profit they made. It's a clear signal to the employees not to expect any practical reward for hard work, what a great way to motivate people. This is yet another large and powerf…

Wages are not downstream of profits - they are a price in a market for labor. If companies could pay 0 they would pay 0, and if employees could charge infinite they would charge infinite.

It's better this way - otherwise employees at companies that make no money would have to take no salary.

Re: Microsoft Freezes Salaries for 2023

#458

Microsoft is a cancer and has been since the 80s. Time for the younger generation to learn that. Seems they’ve been drinking the PR kool-aid the last few years and believing it. Time for some chemo/radio therapy. :-D

Not a VS Code user I take it.

Re: Microsoft Freezes Salaries for 2023

#459

Earlier quoted context omitted.

> salaried workers need a cost of living adjustment at the very least Software engineers are some of the most priviledged workers in the west when it comes to compensation and perks. We need to stop talking about them like they are road construction workers here on HN. it is really out of touch

Does it help road construction workers if we accept lower conditions ? It's not a zero sum game, and I totally side with other professions to fight for decent working compensations.

Doesn't it actually help with inflationary spending? The Fed making a play at depressing wages and increasing unemployment is what's keeping inflation in check.

God knows the rich won't ever pay their fair share.

Re: Microsoft Freezes Salaries for 2023

#460

Earlier quoted context omitted.

What? And force a company that has mostly employees in the top 2% to pay them even more? I'm not sure the average person cares. To force them to charge less for their product? To hire people they don't need? What are you expecting?

You can increase the income taxes of wealthy people considerably (specifically income taxes, not business taxes). A 50%+ marginal rate will help motivate C-level execs to opt for re-investing profits into their business rather than into buybacks of their stock to boost their own personal income. At the same time you'd be helping to provide services that will benefit the lives of the bottom 90% of the country with hig…

> increase the income taxes of wealthy people considerably (specifically income taxes, not business taxes). A 50%+ marginal rate will help motivate C-level execs to opt for re-investing profits into their business rather than into buybacks of their stock to boost their own personal income

Why would anyone try to make less money as taxes on them increase? Makes no sense.

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