Google Will Raise Salaries For Global Staff 10%

According to lovers, in order to prevent employees from losing their competitors,

The salary increase is applicable to executives and ordinary employees worldwide and will take effect in January next year.

The competition for talent between Google and its competitors is becoming more and more intense, especially between the Facebook Inc. near it.

About 10% of Facebook's employees came out of Google, and other Silicon Valley companies had tried their best to excavate people from Google.

Google chief executive Schmidt (Eric Schmidt) disclosed a pay raise plan in an e-mail to employees, saying the company wanted to boost employee morale.

Schmidt said in the mail, we want to make sure that you feel that hard work pays off. We hope to attract the best talents to Google.

Schmidt wrote that the survey conducted by the company found that in the view of Google employees, wages are more important than any other rewards such as bonus or stock.

He also said that the company would divide some of its employees' bonus into basic wages so that they would get some bonuses every time they get their wages.

In addition to competing for talent, the two companies have been arguing over data sharing practices in recent days.

A spokesman for Google declined to give details.

He said that although we generally do not comment on internal affairs, we do believe that competitive pay plans are important for the future of the company.

The Silicon Alley Insider has previously reported on Google's pay raise plan. "Alley"

Google also began testing a mathematical formula, based on employee performance evaluation and other factors to predict which employees are most likely to leave.

The above all pay increase plan was last month after Google reported strong three quarter results, but the raise would also cause Wall Street's concern about the cost of Google.

BGC Partners analyst Gillis (Colin Gillis) said that the full pay increase will definitely affect Google's profit margin, so it shows how important the retention of employees has become for Google.

He said that even considering the recent rise in share prices, Google's attractiveness is clearly not up to Facebook.

Over the past year, a number of former Google executives who participated in the company's advertising business management, as well as product managers and engineers who participated in Chrome and Android software projects, have joined Facebook.

This raise is not the first time Google has taken measures to retain employees.

In 2009, because Google's share price fell from 2007 to 2009, millions of stock options were shrunk, and Google fixed the options.

Google shares later rebounded and closed at $624.82 on Tuesday.