Google Giving Employees 10% Raises and $1,000 Bonus
Google is bucking the trend of most companies trying to suppress salaries, by giving all of their 23,000 plus worldwide employees a 10 percent across the board pay raise as well as a $1,000 cash bonus. This is being done in an effort to reward employees for the company’s success as well as stabilize retention rates. The company has the temerity to realize that the key to their success is the very bright and talented people that work there.
Google recently posted a 32% increase in third quarter profits and is sitting on over $33 billion in cash. Other high tech Silicon Valley companies are always looking to attract top talent from leaders such as Google. In fact, Facebook credits 10 percent of their workforce as being former Google veterans. Maybe now they are starting to wonder if they shouldn’t have left.
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In: Business Stories · Tagged with: Cash Bonus, Facebook, Google, Quarter Profits, Retention Rates, Salaries, Salary Information, Silicon Valley, Silicon Valley Companies, Temerity, Workforce, Worldwide Employees
