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Bonuses, Raises: Early Christmas For Google Employees?
Has Christmas come six weeks early for Google employees? Business Insider is reporting that the company has given all of its employees a $1,000 holiday cash bonus, 10% salary hikes starting in 2011, and the opportunity to earn additional salary next year, too.
All of this is detailed in what Business Insider says is a confidential memo sent today from CEO Eric Schmidt to all Google employees. Google has not confirmed the report or authenticity of the published memo.
Postscript: A Google spokesperson has provided this statement to Search Engine Land:
While we don’t typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company.