Google will increase the salary of all employees by 10%

According to Business Insider, from January 1, 2011, Google will increase salaries to all its employees by 10%. All employees will also receive a premium of $ 1,000, the tax with which the company assumes. In addition, part of the annual bonuses will be included in the basic part of the salary, that is, it will become permanent.

Considering that Google employs about 20,000 people, the one thousand dollar premium will cost the company $ 20 million. A salary increase will cost Google about a billion a year.

Business Insider writes that these changes suggest that Google is still a great place to work. And everything indicates that the company's financial performance is still very high.
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In The Wall Street Journal, however, believe that the whole thing in opposition to competitors, especially Facebook. According to the WSJ, about 10% of current Facebook employees are veterans of Google.

Under the cut translation of the letter by Eric Schmidt.

CONFIDENTIALLY

ONLY FOR HOGLERS (EMPLOYEES WORKING FULL AND UNFULL WORKING DAYS)

I am glad to share some very, very good news with Googleers around the world. But first, let me say, on behalf of the entire management team, that we believe that we have the best employees in the world. Point. That is why I am happy to go to work every day - and I am sure that you feel the same. We want to make sure that you feel rewarded for your work, and we want to continue to attract the best people to Google.

That is why we decided ... to give all of you a 10% increase starting January 1. This is a pay rise for everyone and across the board - everyone will get a boost, regardless of their level, to recognize the contribution that each of you makes to Google.

This is not all. From the survey results and your feedback, we learned that wages are more important to you than any other component of the payment (i.e. bonuses and promotions). Therefore, we will transfer part of the bonus to your base salary, so now it’s a profit you can count on every time you receive a salary. This is also starting from January 1st. You will soon receive an email with more detailed information about these changes. And the last ... today we announce that everyone will also receive a cash bonus .

Googlers, it is you who make this company great, and our goal is to recognize you for your contribution. Thank you for everything you do and for turning Google into a place where miracles happen.

Eric