Cisco explores ways to sweeten pay as it hunts for 5,000 more workers

Cisco explores ways to sweeten pay as it hunts for 5,000 more workers

Cisco Systems Inc. is offering workers and recruits more options in how they work and get paid as it deals with the declining appeal of stock options in a bear market.

The San Jose networking giant is asking employees whether they want a bigger chunk of their compensation in base salary or in their performance bonuses. This is happening as it tries to grow its 79,000-employee workforce by 5,000 new hires this year.

Francine Katsoudas, the company’s chief people officer, told The Information that she expects most will want more in their base pay.

“In this type of environment, cash in hand, not worrying about whether or not the bonus is going to happen based on performance, is meaningful,” she said.

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