TL;DR: Intel recently shared a presentation with its employees maxim that it's increasing its compensation budget by over $2 billion. The new budget has added $1 billion of wages and $1.4 billion worth of stock compensation. Most of information technology will go to current employees, but some volition be used to attract new hires.

Intel said in a statement that pay restructuring was "designed to enable Intel to win the fierce battle for talent in today's competitive market," co-ordinate to The Oregonian, which saw the presentation. It volition "reignite" their culture and "drive" the company'southward business strategy.

In Oregon, which houses some of Intel's largest manufacturing facilities, the company pays about $4.6 billion annually to its 21,000 local employees. Globally, it has around 110,000 employees.

The new budget has added $1 billion of wages and $one.4 billion worth of stock compensation. Shared evenly it would come up out to about $twenty,000 per employee.

It will, withal, be directed disproportionately to employees with specialized knowledge and to high performers. Intel might be worried about its competitors poaching talent, which is something Intel is itself infamous for.

According to diverse company-review sites, historically Intel has had a addiction of underpaying its technicians. Intel'south meager annual heighten features prominently in negative reviews of the company. The temper on Intel'southward manufacturing line is also said to be tense; lately, in detail. To that stop, Intel wants to save some of that tension with more paid time off and mental wellness back up services.

Intel needs to make itself more appealing if it wants to concenter enough workers to staff its many planned expansions, which include a $3 billion add-on to its Oregon campus, a $7 billion fab in Malaysia, their third Irish gaelic fab, and a planned fab in Germany.