Google to give staff 10% raise

Nice. Now if you want a 10% raise this year, it's easy to say, "everyone at Google got one..."

"The company also began testing a mathematical formula to try to predict which employees are most likely to leave, based on factors like employee reviews."<p>Does anyone have more information on this?

"Mr. Schmidt wrote that company surveys indicate salary is more important to Google employees than any other component of pay, such as bonuses or equity. He added the company was moving a portion of employees' bonuses into their base salaries, so they would receive some of it in every paycheck."<p>Not sure, if this a 10% raise really.

This strikes me as misguided. Surely they cannot be equally concerned about the loss of any of their 23,000 employees. Wouldn't you be better off giving substantially larger raises to your higher performers? This way your high performers are pissed off and your low performers are happy, is that the outcome you want?

Some asshat leaked the "CONFIDENTIAL: INTERNAL ONLY" memo. Good work, (presumably) newly unemployed person. You won't even get the goods.

Google's base salary is so low compared to other companies... they had to do this eventually.

Seems like a desperation move. Can you imagine the exciting, dynamic Google of 5 years ago thinking ""Uh.. give them slightly more money?" was a great solution to this problem?

<a href="http://www.businessinsider.com/google-bonus-and-raise-2010-11" rel="nofollow">http://www.businessinsider.com/google-bonus-and-raise-2010-1...</a> claims that <i>In addition, Google will also give each employee an additional raise equivalent to 1X the employee's target bonus for the year.</i><p>My understanding is that Google "target bonuses" are much, much more than 10% of salary. I've heard 30%-40% as not uncommon. So does that mean that people are actually getting a much bigger raise than the headline indicates? (Or is the "target bonus" something else again?)

10% doesn't make up for the fact that GOOG stock already peaked way back in 2007, which means any Google stock options granted at today's prices are worthless to new employees.<p>Google is essentially powerless to compete with Facebook's stock option potential value.

I heard the top performers are getting the 10% raise and a bonus equal to 40% of base pay.

Google felt peer pressure from the Federal Reserve and decided to do it's own QE

Indication of inflation on its way?

This does make the battle for talent look pretty dramatic, doesn't it?

For real entrepreneurs, the type of people Google needs to retain, a 10% raise is meaningless. I will say it's a nice PR stunt.

Non-US person here. Is 10% raise supposed to be big? We get 10% raise minimum at my country (inflation is around 12.5% here)

A