Concerning engineers, Microsoft provides to them formal and informal classroom sessions, lab workshops with mentors, brief expert-and leader-driven talks, online community discussion, think-tank session, networking evens and online knowledge-management databases made available on the company's intranet. (T+D,2007).
In its Tuition Assistance Program, Microsoft covers all tuition fees and textbooks for courses related to work. Its in-house training programs are quite extensive offering technical and nontechnical skills knowledge.
Microsoft's employees have traditionally low morale. Microsoft in order to overcome this issue has launched the program MyMicrosoft. The goals of this program are: improve work atmosphere, train management, increase investment in the staff share plan, a career plan framework for all employees and some other benefits like grocery delivery, on-site access to laundry, dry cleaning services and the return of a towel service at the company's gym.
Typically, Microsoft's basic incentive tool were stock options. ...
tmosphere, train management, increase investment in the staff share plan, a career plan framework for all employees and some other benefits like grocery delivery, on-site access to laundry, dry cleaning services and the return of a towel service at the company's gym.
Typically, Microsoft's basic incentive tool were stock options. Nowadays, the stock prices are very low so the stock options are not as an effective incentive tool as it used to be. Microsoft tried to satisfy unhappy employees by offering them the opportunity to sell their worthless options, though they did not get what they hoped to get.
Microsoft chose a plan of direct grants of restricted stock to replace options. In this plan.Unlike options, actual shares are guaranteed to provide some value to employees, as long as the company doesn't go under. And at mature companies that pay dividends, employees can make money off their equity without having to sell off shares. That makes it desirable for employees to hold on to their equity, which restricted-stock advocates say builds a sense of connection to the company and its fortunes. (Kiger,2003).
Apart from the other benefits, Microsoft provides good dining facility for its employees. The meal expenses are subsidized and free coffee and soft drinks are offered.
In addition, Microsoft introduced a new shuttle-bus service last fall for its employees. The coaches are modern equipped having Wi-Fi and travel to various destinations.
Microsoft employees have also a health and life insurance, discounts on Microsoft products, laptop and cell phone. It also takes special care to parents since mothers and father as well as adoptive parents receive up to 4 weeks paid paternal leave and they may also receive additional unpaid leave. For the costs of adopting a child