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Battling brain drain, Google reportedly hands out 10% raises
General
Written by Daniel   
Wednesday, 10 November 2010 19:24


To keep employees happy and stop them from moving to Facebook, everyone gets raise

It's a good day to be working at Google.

The company is giving each of its 23,000 employees across the globe a 10% raise effective in January, according to a report from the Wall Street Journal. According to the Journal, the move is an attempt to keep workers from defecting to competitors like Facebook, where a reported 10% of the staffers are former Google employees.


"We want to make sure that you feel rewarded for your hard work," Google CEO Eric Schmidt reportedly wrote in an e-mail to employees. "We want to continue to attract the best people to Google."

Google declined to confirm the report, but it said this in an e-mailed statement to Computerworld: "While we don't typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company."

Citing unnamed sources, the Journal also noted that, using an algorithm and taking into account factors such as employee reviews, Google is trying to calculate which employees are most likely to bail and go work for another company.

 

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