Intel Adopted A ‘Hybrid-First’ Work Model And Increased Compensation By $2 Billion To Win The War For Top Talent

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Intel Adopted A ‘Hybrid-First’ Work Model And Increased Compensation By $2 Billion To Win The War For Top Talent
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The leading chip maker reached out to employees. In an international survey, 90% of respondents said that they preferred a hybrid workplace when their sites re-open

– The majority of employees will split their time between working remotely and in the office. Intel is not mandating the number of days per week onsite or how people should collaborate, but empowering teams to find the balance that drives results.– As a manufacturing company, some roles will always be “onsite” full time. This includes employees who work in labs and factories that are critical to much of our world’s digital infrastructure.

Intel informed employees this month that it plans to increase employee compensation by over $2 billion. The impetus for the largesse, in part, is to help fight the war for talent that is going on in the tech space. The new budget has added about $1 billion in pay and around $1.4 billion worth of stock compensation. A large portion will go toward retaining top talent, and other monies will be spent recruiting new people with hard-to-find requisite skills.

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