Redmond (Washington State, US), Apr. 23: Software technology giant Microsoft has announced that it has raised pay for employees to retain "top talent" in the fiercely competitive market for skilled technology workers.
"Through our history, we have been THE place people came when they wanted to make a difference in the world through software, hardware and services," the Sydney Morning Herald quoted Microsoft CEO Steve Ballmer, as saying in a statement.
He added: "This is as true today as it has been at any time in our history, and the changes we''re rolling out today will help ensure Microsoft continues to be the place that top talent comes to change the world."
Microsoft did not disclose the amount of the wage hikes or how they were being doled out.
The raises come as Internet titans and fledgling startups compete for software and hardware engineers.
Microblogging service Twitter said it was taking new hires on weekly. Google has awarded nearly nine million dollars in bonuses and another 50 million dollars in equity to four top executives, according to a recent filing with the US Securities and Exchange Commission. (ANI)