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Article

Google Gives the House a Raise

Plans to give every one of its full- and part-time employees at least a 10% raise starting January 1

Google has been losing some high-profile employee lately so to retain staff and ward off poachers that haven't gone public yet like the smaller cozier Facebook, the crowded, increasingly bureaucratic Google plans to give every one of its full- and part-time employees at least a 10% raise starting January 1 and a tax-free $1,000 Christmas bonus.

According to surveys Googlers reportedly value salary more than bonuses or equity so it's also moving part of their bonus into their regular paychecks.

Barclays calculates that the raises could add up to something like $400 million more in compensation costs but that's only counting the 23,000 and something full-time staff.

The staffer who leaked the Eric Schmidt memo announcing raises to Business Insider's very own Henry Blodgett was reportedly fired. There was also reportedly an internal memo about that. Google has about $33 billion in the bank.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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