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"Mr. Schmidt wrote that company surveys indicate salary is more important to Google employees than any other component of pay, such as bonuses or equity. He add
by bigbang 16y ago
"Mr. Schmidt wrote that company surveys indicate salary is more important to Google employees than any other component of pay, such as bonuses or equity. He added the company was moving a portion of employees' bonuses into their base salaries, so they would receive some of it in every paycheck."
Not sure, if this a 10% raise really.
- gry 16y agoBonuses are a one time commitment, while raises compound. This is a big deal. You're right. The distribution isn't clear. It doesn't sound like a flat 10% raise. Yet, it is a 10% raise, no?
- jrockway 16y agoI don't really like bonuses. I am going to work hard even if there is not a carrot on a stick, so just give me my money now.
- stevenbedrick 16y agoThe wording was a little bit unclear to me, but I interpreted it to mean that, in addition to the raise, they're changing how their bonuses are delivered- rather than as one lump sum, they're being spread out over each paycheck. I could be mis-reading, though.
- dspeyer 16y agoThis is correct. The two changes are independent, and stack.
- deleted 16y ago[deleted]
- shin_lao 16y agoThere's also the thing that bonuses don't work as a motivation tool for the kind of work we do. http://www.alfiekohn.org/managing/fbrftb.htm http://www.alfiekohn.org/managing/fbrftb.htm
- gte910h 16y agoMotivation tool they may not be, but they do make the competition hiring you away harder.