Google employees to get 10 pc salary hike worldwide

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.

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.

HT Image

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.

Attributing the development to people familiar with the matter, 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." Schmidt further wrote that company surveys indicated salary was more important to Google employees than any other component of pay, such as bonuses or equity.

In 2009, it repriced millions of employee stock options whose value had been wiped out as Google's share price fell between 2007 and 2009.