Google gives everyone a 10% raise, huge bonus

We’ve always heard that Google was a great place to work, and CEO Eric Schmidt is putting his money where his mouth is, quite literally. Business Insider reports that to honor the performance and quality of all Google employees, Schmidt announced a minimum 10% raise across the board for 2011; minimum, because employees are also eligible for individual merit increases. And as if that wasn’t enough to put Googlers in the holiday spirit, all employees will also be receiving a $1000 (taxes-paid) cash “holiday bonus.”

That’s a lot of money. Given the company’s 20,000 employees, the cash bonus alone will cost $20 million, and that’s not including the taxes already paid on it. The raise is estimated to cost $1 billion per year.

It’s not like Google doesn’t have the cash, though. The company has been on a revenue roll since its inception in 1998, and it doesn’t seem to be letting up. Their initial gamble in the mobile OS industry has paid off in spades (not in actual OS sales – it’s a free OS – but by having 98% of the mobile search market), and their search engine and browser don’t seem to be letting up in growth numbers. They will be releasing a desktop OS, Chrome OS, in November, and they will be testing the broadband ISP waters next year.  

In an internal memo, Schmidt highlights the quality and motivation of the Googlers as the prime driver for the surprise raise.

...[W]e believe we have the best employees in the world. Period. The brightest, most capable group of this size ever assembled. It’s why I’m excited to come to work every day--and I’m sure you feel the same way. We want to make sure that you feel rewarded for your hard work, and we want to continue to attract the best people to Google.

Googler families can expect some pretty awesome gifts this year. 

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You think thats impressive!

Check out what ebay.com is doing for their ebay affiliates which I am apart of.

I'll explain first what an ebay affiliate is for those of you who might not know who they are, an ebay affiliate is a person who most likely is an internet marketer,being a ebay affiliate is being a freelancer for ebay.com,which makes you working as a independent contractor for ebay.com basically,your pay is in only commission which is a high cut of % share of revenue your able to generate for ebay.com from your efforts of generating appropriate transaction participation traffic.

Below is a post title of a recent blog post from ebay.com to their ebay affiliates
"November and December 2010 Holiday Bonus Opportunity Now Includes the US and Canada"

The below Link will take you to the official blog post of this bonus.
http://www.ebaypartnernetworkb...vember-and-december-2010-2/

Ill explain it here,

Earnings Increase compared to August 2010

20% - 34.99% - Earn a 10% bonus

35 - 49.99% - Earn a 30% bonus

Greater than 50% - Earn a 50% bonus

I'll be getting the 50% bonus for the next 2 months as I recently developed a significant amount of long term source of traffic from my positioning in the serps in google for my website resulting in a awesome increase in money being made now!

osx86 said,
Funny that I had a 19% increase this year and I do not work for Google.

That is neither common nor necessarily impressive. You could have gone from 10 bucks an hour to 11.90 an hour.

osx86 said,
Funny that I had a 19% increase this year and I do not work for Google.

There is diff between one person and the whole company...

nubs said,

That is neither common nor necessarily impressive. You could have gone from 10 bucks an hour to 11.90 an hour.

Sorry, not originally intending to offend or stir up anyone but I would like to point out that percentage increase is has always been an appropriate measure to use. Just like how we use revenue as a measure rather than profit.

To imply that a cleaner's 10% rate increase at Google is not necessarily impressive over another Google employee at a higher charge out rate is therefore misleading. It is still 10% at the end of the day. What I was intending to say in my comment is one does not have to work at Google to get a pay rise - as a consultant in a similar industry

However, I can appreciate the $1000 bonus payout would have been more impressive to a cleaner's rate over someone who has 6 digits in their salary.

But that probably isn't the case as cleaning services would be contracted out and would not necessarily share the same contractual agreements of actual employees.

leo221 said,
$1000 isn't a huge bonus. with that said, I could use $1000 extra this holiday.
That's on top of the 10% raise though.... I just wish my work would give out bonuses But they're not allowed (government...)

Rudy said,
That's on top of the 10% raise though.... I just wish my work would give out bonuses But they're not allowed (government...)

Considering most government jobs give automatic COL increases in addition to step increases, in addition to pentions, I feel absolutely no pity for you.

Pretty good, I remember hearing that while Google was a GREAT place to work the pay was a bit low compared to other large companies like MS. Maybe this will even out the playing field a bit

Not to be a jerk, but this is *not* a correct use of the term "literally":

"Eric Schmidt is putting his money [where] his mouth is, quite literally."

If it was literal, he would be stuffing his mouth with dollar bills. You can leave out the "quite literally" and it would be correct. He is in fact putting his money where his mouth is, in the figurative sense.

cyberstew said,
If it was literal, he would be stuffing his mouth with dollar bills.

Haha, was about to say the exact same thing, quite literally. It bugs me when people use literally incorrectly.

UHYVE said,

Haha, was about to say the exact same thing, quite literally. It bugs me when people use literally incorrectly.

Neowin has learned from a reliable source that Eric Schmidt was indeed stuffing his mouth with dollar bills while writing the memo.

Edited by Tzvi Friedman, Nov 10 2010, 4:11pm :

Tzvi Friedman said,

Neowin has learned from a reliable source that Eric Schmidt was indeed stuffing his mouth with dollar bills while writing the memo.

Pics & vids or it didn't happen.

Kreuger said,
I need to get in to Google sweeping the floors or something..

I'd settle for cleaning the toilets - it would still be more interesting than my present job.

How about they hold the raises and hire people who currently do not have a job? Might sound rude to those who got the raise, but they will at least be helping the job market out that way.

Nagisan said,
How about they hold the raises and hire people who currently do not have a job? Might sound rude to those who got the raise, but they will at least be helping the job market out that way.

Google is a private company so they should do whatever they feel like, no?

Nagisan said,
How about they hold the raises and hire people who currently do not have a job? Might sound rude to those who got the raise, but they will at least be helping the job market out that way.

the bonus the employee have will help private sector.
Beside you don't help anybody hiring someone when you don't have any jobs for them...

sexypeperodri said,
Google is a private company so they should do whatever they feel like, no?
Just saying it would help the economy more if they hired more people rather than raising their current employees pay.

NesTle said,
Beside you don't help anybody hiring someone when you don't have any jobs for them...

Let them clean the floors or do gardening and what not or something. I'm sure Google is large enough that they could use help at least somewhere. Hell, for the amount they are spending on raising employees pay they could open another facility and open up tons of jobs.

Nagisan said,
How about they hold the raises and hire people who currently do not have a job? Might sound rude to those who got the raise, but they will at least be helping the job market out that way.

Maybe they don't need more staff .... Maybe the staff they have do the work that's needed at this stage. You don't hold raises if you value your employees.

Google is hiring they have open jobs on their site right now. Being able to provide this kind of raise is great and will boost moral and keep the talent they already have. Which is very important.

sexypeperodri said,

Google is a private company so they should do whatever they feel like, no?


Google is a publically traded company. They answer to shareholders. Fortunately they have proven to be a cash cow, this will only attract more talent and better results.

Nagisan said,
How about they hold the raises and hire people who currently do not have a job? Might sound rude to those who got the raise, but they will at least be helping the job market out that way.

Actually by giving Google employees raises and bonuses they are helping the global economy and job market. These employees now have more spending money, they spend this money and that creates more jobs, both locally and globally. I'm not an economics major or anything, but that makes sense to me.

techbeck said,
lucky bastages. no one in my company has had a raise or bonus in 2+ years

You wouldn't happen to work for a big blue company, would you?

(not in actual OS sales - it's a free OS - but by having 98% of the mobile search market)
I believe OEMs have to pay if they want to add the "with Google" branding to their phones and include the Google suite of android applications (maps, search etc). Could be wrong though.

Either way, kudos to Google for this!

/- Razorfold said,
I believe OEMs have to pay if they want to add the "with Google" branding to their phones and include the Google suite of android applications (maps, search etc). Could be wrong though.

Either way, kudos to Google for this!

If you don't pay Google for the android OS you are free to use it but in addition to not being able to use Google first party apps and branding you are also denied access to the google app store.