cnet news
In an apparent move to stave off defections to competitors, Google announced it is giving all its employees a $1,000 cash bonus and a raise of 10 percent, according to a source familiar with the matter.
The raises, which take affect January 1, 2011, apply to all 25,000 employees at the Internet giant, according to an e-mail to employees penned by Google CEO Eric Schmidt and first revealed by Business Insider. “We want to make sure that you feel rewarded for your hard work,” Schmidt wrote. “We want to continue to attract the best people to Google.”
Yikes! Pretty generous! That’s $25,000,000 in cash bonuses!
Yea, when I owned my own business I gave my receptionist a raise after 6 months without any input from her. She was very surprised. I said she was performing well above expectations and I wanted to thank and recognize her contributions.
Later, as an employee, I split my performance bonus with my secretary as (under my direction) she actually produced the reports that everyone thought were so valuable.
In both instances, the other employees both management and staff thought I was very weird and “something else” must be going on. On balance, its about an equal bet whether or not rewarding excellence by cutting/sharing your own rewards is worthwhile or not===to yourself and your subordinates/employees.
Hoomans are nasty self centered little bitches.
Is 10% just compensation for your mortal soul?
Just kidding…sort of, good for them.
Bobbo wrote:
“In both instances, the other employees both management and staff thought I was very weird and “something else” must be going on.”
After reading many of your posts, I have to agree with the other employees. LOL
+1
… and I HATE +1 motherfskers. See how I go the extra mile for you boobo!
#1 I willing to bet you have to pay your friend to hang around with you also. I’m assuming you have a friend.
#2
The cost of 30 pieces of silver went up.
Cursor_
I heard on NPR that the person at Google who leaked the news about the 10% raise got fired for leaking the news.
OK so now the CEO gets 499 : 1 of Google’s lowest paid employee, instead of 500 : 1.
Oh my what generosity.
will the wonders never cease?
499 : 1 they are being spoiled
with 1
Um, reminds me of the study that says above a certain point the more you pay people for mental effort the worse job they do.
Does that explain Congress and the White House?
Maybe I’m wrong but I think the people that left did so because they felt like they were swimming in syrup which means they were working hard and not getting much done.
One of the guys that left said something about having to waste time justifying the thickness of the boarder on a screen as one issue that stuck in his craw. This is a problem that all large cooperation have including Google.
Not to worry Google you will end up with staff that doesn’t care about getting things done and will be happy to stay as long as you pay them.
[By that thinking, if you give them a pay cut, they will work harder? – ed.]
Heh, heh. I’ve never cared that much about money==always had enough. I smile when criticized for being “jealous” when criticizing the “I’ve got mine, screw you” mindset of the LIEberTARDS. So shallow and short sighted.
I do wonder why Google made this move. Sounds like somebody leaked the management payroll.
What about a “law” that corps indeed have to pay bonuses to all their employees as some percentage of their stock dividends? What about capping the Top Brass at some other multiple of the average corp’s pay?
Yes, lot’s of lip service given to how valuable employee’s are. Its all BS. If the rules were set to be “fair” at the bottom, there would be no need for redistribution from the top.
Parallel Universe.
Generous? NO. Google, Apple and IBM among others were involved in a no shady deal of no poaching each other’s employees. Now that they were caught in the act they have no choice but to do these kind of things, this is just a PR stunt. Period.