Internet search titan Google Inc is planning to give a 10 per cent salary hike to all of its 23,000 employees across the world starting next year, says a media report.
Picture Courtesy : Google Image
According to reports, Google has decided to give all of it’s employees a $1,000.00 cash holiday bonus… along with a universal pay hike of at least 10%.
The pay hike comes as Google ramps up its battle with competitors, especially neighbouring Facebook Inc, in a fight to secure talented staff.
About 10 per cent of Facebook's employees are Google veterans. The Wall Street Journal reported that Google Inc is giving a 10 per cent raise to all of its 23,000 employees.
"The raise, which will be given to executives and staff across the globe, is effective in January," the report noted.
Citing an email written by chief executive Eric Schmidt to employees, the report said: "We want to make sure that you feel rewarded for your hard work. We want to continue to attract the best people to Google."
Source : Rediff Business
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