		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/google-hands-staff-10-pay-rises.jpg"><a href="http://londonglossy.com/wp-content/uploads/2010/11/google-hands-staff-10-pay-rises1.jpg"><img class="alignnone size-medium wp-image-520" title="google-hands-staff-10-pay-rises" src="http://londonglossy.com/wp-content/uploads/2010/11/google-hands-staff-10-pay-rises1-300x240.jpg" alt="" width="300" height="240" /></a></a></p>
<p>Google is showing it still knows how to make its employees feel special &#8211; it is giving all 23,300 of them a 10% pay rise next year.</p>
<p>The internet search leader also plans to shift part of workers&#8217; annual bonuses into their regular pay packets, according to an internal memo sent by Google chief Eric Schmidt, but those bonuses will not count towards the 10%.</p>
<p>Google has long been known for feeding its workers free food and pampering them with other perquisites that would be considered luxuries by most employees.</p>
<p>But the company began taking away some of the goodies in late 2008 and early 2009, and it went so far as to lay off a few hundred people to help boost its earnings during the depth of the worst US recession since the Second World War.</p>
<p>But the good times are now back at Google, with revenue rising 23% to 21 billion US dollars (£13 billion) in the first nine months of 2010.</p>
<p>Confident of even more prosperity ahead, Google has added 3,500 employees so far this year to expand its workforce by nearly 20%. It has also been spending heavily on acquisitions and investments in the data centres that run its online services.</p>
<p>The raises are yet another sign of Google&#8217;s bullishness. The company didn&#8217;t disclose how much the added payroll would cost, but assuming an average employee salary of 100,000 US dollars (£62,000) &#8211; which is not outlandish by hi-tech industry standards &#8211; the across-the-board raises would amount to an additional 233 million US dollars (£144,000) annually.</p>
<p>Mr Schmidt framed the raises as a way to reward &#8220;the best employees in the world&#8221;, but the move may also be part of a strategy to slow defections to up-and-coming internet rivals, such as Facebook. The rapidly growing social networking site has become more aggressive about recruiting Google workers since it hired one of Google&#8217;s top sales executives, Sheryl Sandberg, as its president two-and-a-half years ago.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69028041140be">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69028041140be',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
