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Pay Freeze

All articles tagged with #pay freeze

politics1 year ago•1 min saved

Vice President's Salary: What You Need to Know

The U.S. Vice President's salary is $235,100 annually, despite being set at $284,600 for 2024 due to a pay freeze since 2019. This salary is lower than that of the Chief Justice and associate justices of the Supreme Court. The last increase was in 2019, with the role's compensation considered reasonable given its duties. Vice presidents also receive perks like Secret Service protection and can earn significant sums post-office through speaking engagements and book deals.

via CBS News|

#executive-branch #pay-freeze #politics

business1 year ago•3 min saved

"Understanding Amazon's Reasons for Withholding Base Pay Raises from Senior Staff"

Amazon is not giving base pay increases to many senior employees this year due to a surge in its stock price, which has led to their total compensation exceeding pay range set for their positions. The pay freeze applies to Level 6 employees and above, while lower-level employees will likely see base pay raises. Amazon's unique compensation model, which heavily relies on stock, has been a source of frustration for employees, leading to higher attrition rates in recent years.

via Business Insider|

#amazon #business #compensation

business2 years ago

Microsoft Freezes Employee Pay While Investing in AI

Microsoft has announced a pay freeze for its workforce as it invests in artificial intelligence (AI) and other areas of growth. The company said it will continue to pay hourly workers and those earning less than $75,000 a year, but will not increase salaries for other employees in the 2021 fiscal year. Microsoft has been investing heavily in AI and other technologies, and recently acquired AI firm Nuance Communications for $19.7bn.

via KOMO News|

#ai #business #investments