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Google gives all employees surprise $1,000 cash bonus and 10% raise

Juha-Matti Laurio [PersonRank 10]

Wednesday, November 10, 2010
3 years ago4,490 views

More:
businessinsider.com/google-bon ...

WebSonic.nl [PersonRank 10]

3 years ago #

gawker.com/5686870/google-tips ...

<<"Within hours," CNNMoney reports, "Google notified its staff that it had terminated the leaker, several sources [said.]" Apparently there's nothing like holiday season firing to inspire the people Schmidt called the "best employees in the world.":>

Juha-Matti Laurio [PersonRank 10]

3 years ago #

From the first reference:

<<< Google has given all of its employees $1,000 cash "holiday bonuses" and 2011 salary increases of at least 10%, a loyal reader tells us.

The 10% company-wide raise will take effect on January 1, 2011. >>>

Philipp Lenssen [PersonRank 10]

3 years ago #

It's interesting that the leaker shared the full email. Wasn't s/he afraid that Google might use special wording variations or blanks to trace back every email to its recipient? Not to say that this is how they traced it back or that it's likely (there's certainly other ways, and "stamping" every mail in such a way would probably be time-consuming).

<<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.

Eric>>

Juha-Matti Laurio [PersonRank 10]

3 years ago #

money.cnn.com/2010/11/10/techn ...

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