So the company went from user-hostile to employee-hostile. Congratulations.
Regression towards the mean of corporate America. The first couple decades were extraordinary but it wasn't going to last.
Google gives execs raises after declining to boost employees' pay
11–20 of 52 posts
Re: Google gives execs raises after declining to boost employees' pay
#12Haven’t companies been doing this for literally centuries?
It sucks, but it seems that it is what it is. Fortunately people can vote with their feet and googlers in particular are likely to be able to get a pay increase by switching jobs.
Short of a straight up profit share it doesn’t seem like there’s a reliable way to guarantee pay increases - stock is a decent hedge but then you can have 80% drops in a year like Peloton.
Re: Google gives execs raises after declining to boost employees' pay
#13Quoted post unavailable.
Is it really disgusting ? Google stock rose 65% in 2021. Unless you are working at the cafeteria, the recent inflation had little impact on the compensation of Google employees.
Depends on how much of comp is based on stock, and how much of that is based stock awards that don't vest immediately/quickly. Its likely that a lot of employees are selling stock asap and wouldn't get to realize all that growth.
Re: Google gives execs raises after declining to boost employees' pay
#14Google is literally a money printer. They could all go on vacation and the thing would run itself. The fact that they will pay execs these sums to do nothing but start and kill yet another useless side product is embarrassing.
Re: Google gives execs raises after declining to boost employees' pay
#15They didn't decline to boost employee pay -- they declined to make an across the board COL adjustment. Instead they will build the COL adjustment into each person's annual raise along with a performance bonus. You're only hearing about these guys because they are required to report it in their SEC filings.
I'm not sure the exact breakdown of their rewards, but baking a COL adjustment and a merit increase in a single number doesn't really count. Makes it way too easy to reduce pay increases.
Re: Google gives execs raises after declining to boost employees' pay
#16Who is doing anything worth more than a living wage (some amount that meets basic needs where they live, plus some buffer) independent of all the infrastructure built with the know-how, sweat, and blood of others?
Re: Google gives execs raises after declining to boost employees' pay
#17Earlier quoted context omitted.
Is it really disgusting ? Google stock rose 65% in 2021. Unless you are working at the cafeteria, the recent inflation had little impact on the compensation of Google employees.
Depends on how much of comp is based on stock, and how much of that is based stock awards that don't vest immediately/quickly. Its likely that a lot of employees are selling stock asap and wouldn't get to realize all that growth.
The employees have a lot of unvested stock most of the time, so they very much get to benefit from the stock price growth.
Re: Google gives execs raises after declining to boost employees' pay
#18They didn't decline to boost employee pay -- they declined to make an across the board COL adjustment. Instead they will build the COL adjustment into each person's annual raise along with a performance bonus. You're only hearing about these guys because they are required to report it in their SEC filings.
This article is blog spam dog shit.
“Company that pays exceptionally well is not doing an across the board CoL adjustment”
There is literally no story here.
Oh wow look another article from this spam site claims Google is the top paying employer in the US.
https://www.hcamag.com/us/news/general/top-50-companies-with...
Re: Google gives execs raises after declining to boost employees' pay
#19I don't think this will prompt a lot of computer programmers at Google to move to a company that pays better.
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Re: Google gives execs raises after declining to boost employees' pay
#20So the company went from user-hostile to employee-hostile. Congratulations.
I think its just run by AM at this point. "Don't be evil" is now "HATE."