Google Fights Back In Battle For Talent
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Google Fights Back In Battle For Talent
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Re: Google Fights Back In Battle For Talent
#2By making these counter-offers Google is using real money to back up their assertion to (at least some of) their employees that their growth prospects are better than Facebook's. Think of this as a dividend-like unforgeable statement of corporate fiscal self-confidence.
If enough Googlers go fishing for counter-offers at Facebook, Facebook will be wasting a lot of management energy reviewing and making offers to Googlers that were never going jump in the first place.
Re: Google Fights Back In Battle For Talent
#3Crazy stuff, I wonder how long google's stockholders are going to tolerate overpaying (relative to market) for talent.
Re: Google Fights Back In Battle For Talent
#4As a programmer, I'm very happy with this story. Google has always said that the people are their most important asset (actually, most companies say it). But now, they're backing up their words with action, and the programmers end up winning.
I wonder if this is just a one-off thing that only Google is doing, or whether this kind of thinking will start to be more prevalent.
Re: Google Fights Back In Battle For Talent
#5Crazy stuff, I wonder how long google's stockholders are going to tolerate overpaying (relative to market) for talent.
10-20% is probably not all that much money for Google.
Re: Google Fights Back In Battle For Talent
#6Crazy stuff, I wonder how long google's stockholders are going to tolerate overpaying (relative to market) for talent.
Google revenue per employee is $1M+. Their profit per employee is about $300K.
And keep in mind this is across all employees (including non-engineering staff).
Re: Google Fights Back In Battle For Talent
#7Crazy stuff, I wonder how long google's stockholders are going to tolerate overpaying (relative to market) for talent.
Google has never paid any dividend and has always gave big bonuses to its employees. So stockholders already tolerate these things.
Microsoft on the other hand has been paying generous dividends, its profits has been rising at an impressive rate, yet its stock has remained steady for almost a decade.
Re: Google Fights Back In Battle For Talent
#8Crazy stuff, I wonder how long google's stockholders are going to tolerate overpaying (relative to market) for talent.
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Re: Google Fights Back In Battle For Talent
#9Crazy stuff, I wonder how long google's stockholders are going to tolerate overpaying (relative to market) for talent.
> I wonder how long google's stockholders are going to tolerate overpaying (relative to market) for talent.
You're begging the question. Google pay less than other companies that require similar high-end engineering talent - eg, low latency trading desks at hedge funds.
The talent of a typical SA is far below a Google or Facebook SRE or trading desk ops guy. I imagine the pure dev side to be similar.
Re: Google Fights Back In Battle For Talent
#10This looks like a new bubble. Why would a Twitter IPO raise so much money? What are its growth prospects? Facebook may be different, but still, it all sounds very crazy.