The grand total: By our guesstimate, Larry and Sergey are spending at least $72,288,000 per year to fill their workers' pie-holes. How can they afford to do that? Easy, of course: Last year Google (GOOG) earned $4.2 billion.
Google's "free food" is not free
111–120 of 181 posts
Re: Google's "free food" is not free
#112The real lesson for employees is to ignore the cash value of the perks when evaluating offers. Perks can be taken away, but cutting salaries is much more controversial.
Which is why some sectors treat money as a perk (bonuses). But as much as companies make sure employees understand what a "bonus" is, there's a sense of entitlement and people quit when this years bonus wasn't as big as last years.
Re: Google's "free food" is not free
#113Google claims to want to hire smart people. Google claims to these ostensibly smart people during the hiring process that the 'free food' is worth (cough) 20 grand in salary?! I sense a disturbance in the force.
And if that perk then goes away - a smart person would have this in writing. So boss wheres my pay rise to replace the free food "hr said" the free food was part of my compensation
Re: Google's "free food" is not free
#114Re: Google's "free food" is not free
#115I'm writing a post on salary negotiation today, so I zeroed in on two supporting details here that you should remember for later: when pressed on price, savvy negotiators said: 1) Give us some time to think about it. 2) We are going to re-focus the discussion on a different compensation lever where we can present something you're already going to get as if it were a new incentive justifying your concession on a lever…
Yeah, I did both of those in my salary negotiations with Google. They talked me down from my starting salary, but they also increased my stock options & GSUs. The other important point is - you are the only one who says "Yes" when asked "Is this acceptable to you?" If the free food is not worth $15-20K (which actually seems ridiculous - I've heard numbers for both what average employees value it at and what it actual…
Re: Google's "free food" is not free
#116Maybe Im just a calculating, cold, emotionless engineer but when it comes to pay packages Ive stopped caring about the fancy 'perks'. I only try to gauge how much Ill get paid, how much Ill enjoy the work and learn, and how many hours Ill be putting in. Ive seen perks too many times used against employees. (The following rant is nothing towards Google - never worked there.) - Free food and onsite amenities usually is…
Or even more atrocious to me, are the 48 hour up all night over the weekend "code jams"... Jeez people, get a life.
Re: Google's "free food" is not free
#117One thing this article doesn't point out: it wasn't Google who argued that the supposedly lower salary was offset by food - it was a person (sure, an employee or contractor of Google). Perhaps this person was reading from a recruiting script sanctioned by management. But it wasn't the big overarching company that made this argument to the author - it was a person. Recruiters often have the wrong incentive structure.…
Similarly, it is the senior management of Google The Company that sets up and approves the "wrong incentive structure" for their recruiters.
Re: Google's "free food" is not free
#118I'm having a hard time sympathizing. At the end of her negotiation, this was the state of the world: the company didn't want to go any higher, and some handwaving about how much food was worth was enough to convince her to fold. Why bother calculating "effective salary"? Personally, anything that isn't cold, hard cash I view as tangential to my compensation. Even options are questionable - sometimes the salary hit ov…
She wanted to take the deal; she just needed them to give her a reason. It seems disingenuous for her to complain about it later.
Re: Google's "free food" is not free
#119Earlier quoted context omitted.
Maybe you should read the article - the argument was that while yes, perks were offered as a reason to accept a smaller wage, they were then gradually eliminated without changing the wage.
What about that 10% raise the whole company got?
Besides, I would imagine that in a company doing as well as Google, annual raises of this amount were usual for the performers anyway.
Re: Google's "free food" is not free
#120If some company offered me free food, nice, clean and complete bathrooms, restrooms, libraries, lockers, an office arranged in manner where I could work without any disturb in trade of less but still acceptable salary I would accept it.
If they cut me on sallary I would not mind but if they took me the free food completely I would be pissed off.