Google Is the Place To Be: $1,000 Cash Bonus + 10% Raise — For Everyone.

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Ask someone you know their idea of the ideal employer. I’m sure that out of all the responses, one of the most popular would be “self employed”. Ask a techie however and you’ll hear a few common names — Apple, Google, Microsoft, IBM, etc., etc. Tonight, the spotlight is on Google — the company known for their difficult, impossible, and “out there” hiring questions.

But none of that really matters because Google is simply an awesome place to work. How else would you describe a surprise, holiday cash bonus of $1,000 and a 10% raise. Yup, Google just committed to some $20 million up front in bonus and a solid $1 billion/year figuring in the new raises. The cherry on top: Google is covering the tax on that $1,000 bonus, allowing employees to keep the full grand. Nice. Want to rethink your employer choice?

Private, internal email detailing the increased employee cash flow after the break…

Update:

Google responded to TechCrunch regarding the leaked email with the following:

“While we don’t typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company,” a Google spokesperson tells us.

Thoughts?

CONFIDENTIAL: INTERNAL ONLY
GOOGLERS ONLY (FULL TIME AND PART TIME EMPLOYEES)

I’m pleased to share some very, very good news with Googlers worldwide. But first let me say, on behalf of everyone on the management team, that we believe we have the best employees in the world. Period. The brightest, most capable group of this size ever assembled. It’s why I’m excited to come to work every day-and I’m sure you feel the same way. We want to make sure that you feel rewarded for your hard work, and we want to continue to attract the best people to Google.

So that is why we’ve decided…to give all of you a 10% raise, effective January 1st. This salary increase is global and across the board-everyone gets a raise, no matter their level, to recognize the contribution that each and every one of you makes to Google.

There’s more. We’ve heard from your feedback on Googlegeist and other surveys that salary is more important to you than any other component of pay (i.e., bonus and equity). To address that, we’re moving a portion of your bonus into your base salary, so now it’s income you can count on, every time you get your paycheck. That’s also effective January 1st. You’ll be receiving an email shortly with further details about these changes to your compensation. And one last thing…today we’re announcing that everyone will get a holiday cash bonus, too.

Googlers, you are what makes this company great, and our goal here is to recognize you for your contribution, in a way that’s meaningful to you. Thank you for all that you do, and for making Google a place where magic happens.

Via: Alley Insider

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Author: Mike

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Gadget lover, smartphone collector, and beer connoisseur. I've been writing about gadgets for three years now and loving every minute of it. Outside of the digital landscape, I enjoy being active outdoors. I'm always up for a good conversation, so feel free to drop me a line!