onsdag 10 november 2010

Google Responds To Bonus/Raise Story, Cites Importance Of ?Competitive Compensation?

Earlier this evening, Henry Blodget of Business Insider reported that a "loyal reader" told them that Google was giving all employees a $1,000 holiday cash bonus and a 10 percent raise starting on January 1, 2011. If true, that's a very significant gesture likely to the tune of well over a billion dollars (though dampened a bit by a roll back of certain other bonuses). Usually with these types of stories, Google doesn't bother to respond or simply gives a "no comment." But I decided to ask anyway. And the answer is far from a denial. "While we don?t typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company," a Google spokesperson tells us. So while that's not a "yes", it's just about as close as you can get to a "yes" without saying "yes". And it's definitely not a "no", which if they were willing to comment, you'd think they'd say if the story weren't true. In other words, it seems as if Blodget's source is accurate.

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