Business owners around the world have been scratching their heads when it comes to employee retention over the last few years. The pandemic seriously shuffled priorities around and getting team members to stay put and show up has been harder than ever. Turns out, money and flexibility are the way to go, as Microsoft has announced some hefty pay increases to its compensation package, on top of the already flexible options available to employees. Microsoft did not disclose actual numbers when it came to these increases. However, according to Microsoft, the majority of the salary increases will be aimed at “early to mid-career employees,” which should notably improve the lives of those on the lower end of the totem pole in the tech industry. While tech industry giants like Microsoft are enjoying record profits in recent years, their salaries haven’t matched up, which makes this change a pleasant departure. In fact, one survey found that late-stage startups are actually the best when it comes to employee salary numbers, so hopefully this move by Microsoft will spur the tech industry to start spending more on its lower-level employees. However, money isn’t the only thing that employees are after when it comes to the job market in 2022. The pandemic realigned many priorities, and flexible work schedules and the ability to work from home are way up there for today’s employees. In fact, studies have shown that many employees would happily take a pay cut to keep working from home. Still not sure how to hack this whole remote work policy thing? Your best bet is to get set up with the right digital tools, like remote access software and VPNs, to make sure your company isn’t vulnerable to an attack. Other than that, check out our guide to remote working tips, with quotes from professionals around the world.
