Microsoft will pay one-time cash awards of up to 25% of annual bonus [Video]

Microsoft on Tuesday said it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees.

Salaried and hourly workers at the senior director level and below will be eligible for the award, Kathleen Hogan, Microsoft’s chief people officer, said in a memo distributed to employees. Junior-level employees can obtain an award amounting to as much as 25% of their bonus, while senior directors can get up to 10%.

Hogan said in the memo that Microsoft’s leaders want to show recognition to workers for a good fiscal year. Microsoft reported fourth-quarter results after the close of trading on Tuesday, and said revenue increased 15% from a year earlier. For the full fiscal year, which ended June 30, revenue climbed about 16%, accelerating from 7% in fiscal 2023.

Microsoft shares are up 26% in the past year as of Tuesday’s close, outperforming the Nasdaq, which has gained 20%.

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