Holiday Bonus and Salary Appraisal from Google

Now it is clear why Google topped Fortune’s list of the best companies to work for. The search engine company gave their employees a salary increase of more than 10% and a $1,000 holiday bonus. The source also noted that Google will pay for the taxes as well as give employees salary appraisals equivalent to their target bonuses for the year.

A memo form the CEO Eric Schmidt of Google confirmed this.

“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 e-mail 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,” the memo said.

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