Well it’s obvious that you can’t call Google a Christmas Scrooge this year. Word is out that the company will be giving all its 20,000+ employees a nice $1,000.00 Christmas bonus and then to make it even sweeter they are paying all the taxes on those bonuses.
However the company’s largess doesn’t stop there. No indeed. Along with the bonus all employees will be getting a 10% raise on their paychecks starting in January 2011.
According to the team over at The Next Web this is the email from Eric Schmidt that went out to all employees:
I’m pleased to share some very, very good news with Googlers worldwide. But first let me say, on behalf of everyone on the management team, that we believe we have the best employees in the world. Period. The brightest, most capable group of this size ever assembled. It’s why I’m excited to come to work every day–and I’m sure you feel the same way. We want to make sure that you feel rewarded for your hard work, and we want to continue to attract the best people to Google.
So that is why we’ve decided…to give all of you a 10% raise, effective January 1st. This salary increase is global and across the board–everyone gets a raise, no matter their level, to recognize the contribution that each and every one of you makes to Google.
There’s more. We’ve heard from your feedback on Googlegeist and other surveys that salary is more important to you than any other component of pay (i.e., bonus and equity). To address that, we’re moving a portion of your bonus into your base salary, so now it’s income you can count on, every time you get your paycheck. That’s also effective January 1st. You’ll be receiving an email shortly with further details about these changes to your compensation. And one last thing…today we’re announcing that everyone will get a holiday cash bonus, too.
Googlers, you are what makes this company great, and our goal here is to recognize you for your contribution, in a way that’s meaningful to you. Thank you for all that you do, and for making Google a place where magic happens.
Wow, that’ll make for a nice Christmas in Googler households this year.