Google gives 10% raise to employees -- how to apply to Google
Fending off any potential brain drain, Google made Christmas come early for its employees by giving all 23,000 employees a nice 10 percent raise and a $1,000 bonus.
That's a $23 million payout for the bonus checks alone.
"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," CEO Eric Schmidt wrote in an internal memo a staffer sent to blogger Henry Blodget.
The memo indicates that staffers prefer a salary increase over company stock.
Many insiders are seeing the pay raise as Google strengthening its forces for its ongoing battle with competitors. (It's also in a squabble over contact access, on the heels of Google's decision to block Facebook from accessing Gmail contacts.)
The Wall Street Journal says that roughly 10 percent of Facebook's employees are Google veterans.
It might not be enough to keep the competitors at bay, though. Scott Moritz points out that Facebook and Twitter are both likely heading for lucrative, employee-enriching initial public offerings. Google staffers might want to get in on the pre-IPO stock options at Facebook.
For non-tech-workers, how to get in on the good fortune of Google employees? I don't think the pay raise will reach to new employees, but to be around for the next bonus checks, find a job at Google here.
| November 10, 2010; 10:31 AM ET
Categories: The Daily Catch
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