Google giving holiday bonus and 10% raise to workers

It’s going to be a nice holiday season for Google workers.

Google is giving all of its employees $1,000 cash “holiday bonuses” and 2011 salary increases of at least 10 percent, according to Business Insider.

The 10 percent company-wide raise will take effect January 1.

In addition, Business Insider reports, Google will give each employee an additional raise equal to the employee’s target bonus for the year. And employees will be eligible for additional “merit increases” based on their individual performance.

When was the last time you got a raise? Bonus? Merit increase?

What’s your company planning for the end of this year?

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62 comments Add your comment

Foist

November 10th, 2010
9:14 am

My boss said my next raise would be effective as soon as I was.

John

November 10th, 2010
9:17 am

Chief Wiggum

November 10th, 2010
9:25 am

Not working, so no raise this year, obviously. I’ve never had more than a 5% annual raise (tied to the performance review). At my last job, I was there about 2 years, and there was no raise, although I really came in at the upper range of the salary for my position, so I had no complaints.

The biggest holiday bonus I have ever had is maybe $500 or so. I have a friend who works in pharma, and not only is the pay incredible (well into six figures), she seems to regularly get a holiday bonus of at least $10,000.

Judy

November 10th, 2010
9:26 am

nice Google! My company hasn’t handed out raises in 3 years.

Kay

November 10th, 2010
9:29 am

I got a 10% pay CUT this year due to the economy, plus they took away IRA matching benefits. Don’t expect anything for Christmas. Hope to just have a job.

Chris

November 10th, 2010
9:31 am

I work in education. Our steps have been frozen so no one has gotten a raise in almost 3 years. We don’t get bonuses and our county is furloughing us 8 days this school year. I need to see if I can get a job with Google. Like they always say “Don’t be evil…”

PM

November 10th, 2010
9:35 am

Companies like Google are the exception but there are others who are doing very well these days. The people at Google should be smart and sock away a good amount cause the day will likely come when they are asked to take a decrease or get laid off.

Lt Col

November 10th, 2010
9:35 am

YGBSM – All Federal Government workers (who do work, despite the claims of the uninformed to the contrary) can hope for is to get an annual “cost of living” salary “adjustment”. Sadly, Obama might take away that 1%, or less” increase so that Federal workers “set an example” of holding down the ever-growing deficit.

Right!! A 1%, or less, or zero COLA is like throwing a pebble in the Pacific Ocean and expecting to see a ripple on the other side (in Japan).

Maleek

November 10th, 2010
9:38 am

I am fortunate enough have just received a 9.2% raise, and will be getting a profit sharing check this year. We did not receive a raise last year and I have been thru pay cuts so it is a blessing to get what the company is giving out this year.

Mishap

November 10th, 2010
9:38 am

Chief Wiggum,
Is she in pharma sales? If so, is she very attractive and have a personality that could easily convince doctors to prescribe whatever on patent drug they have this year? Unless you look like her, you’re probably not going to pull the types of numbers she can in pharma. If she is in sales, she probably lives like she makes double what she actually does and it all goes very quickly. Best of luck on your job search.

I consider myself very lucky. I’ve been able to increase my salary ~15%/yr by being proactive on my career. I landed at my current company late last year and they were quite generous in a 3% raise and 10k+ in stock bonuses after my 3rd month there. I got another 2% cash bonus a couple months ago.

The Unemployment Line

November 10th, 2010
9:59 am

No bonuses, only laid off and trying to fight my way back to employment through various companies that aren’t looking for long term employees. It seems most companies are looking to gap hire.

TnGelding

November 10th, 2010
10:00 am

Gosh, do you think it can afford it?

http://finance.yahoo.com/q/ks?s=GOOG

Spread the wealth, the old fashioned way! Follow in their footsteps, AJC, stop the presses!

Realist

November 10th, 2010
10:00 am

First of all, the lastest news is that Federal Employees make an average of $120,000 per year, twice what the private sector gets. They get great retirement packages paid for by the productive sector, can opt out of Social Security (well, most can), have great medical plans – again while the productive sector gets crap. They should all be getting %20 pay CUTS this year. They are all lucky they have any jobs at all as the country’s depression worsens and worsens.

As for the private sector, our company has already been laying the ground work for a financial reaming with a slow stream of financial news that lofty goals have not been met. Despite huge profits we will all be fighting over 2% raises if lucky (by the way, these are called merit raises – something to address the 8% cost of living increases never happen). They talked about bonuses, but certainly the financial news has already laid the foundation for none of those.

Great for Google however. They are showing why they are ranked among the best companies to work for, have the happiest employees, and show tremendous growth year after year in sales, profits, etc. Other employers could learn a thing or two from them.

Tony

November 10th, 2010
10:01 am

I used to work at a newspaper. The one year we got anything for Christmas, it was a card. Nothing in it. Just a card. Unsigned. One per department with a note: initial and pass around. Merry Christmas.

Arthur

November 10th, 2010
10:01 am

I have never gotten a holiday bonus from a corporation, only from a small privately held company.

amazing

November 10th, 2010
10:01 am

You mean Google gave out raises and bonuses to everyone? They didnt make their employees submit forms to declare their current income…declare their need for the money?
Obama will be pissed

TnGelding

November 10th, 2010
10:02 am

It’s good to learn from the comments here that all companies aren’t Scrooges.

Shea

November 10th, 2010
10:03 am

I have been fortunate to receive a bonus for the past 4 years as well as a 4% increase on an annual basis. I count myself very blessed and I do not take it for granted. I also have a part time job and I received a 2% increase on that……I am truly thankful to have 2 wonderful jobs.

TnGelding

November 10th, 2010
10:07 am

About 8 million hold more than one job, while millions are unemployed. Do you see a solution here? Combined with an active deportation policy it should bring us to near full employment.

BRANDY

November 10th, 2010
10:07 am

4 YRS SINCE LAST RAISE BUT THANKFUL TO GOD FOR A JOB

TnGelding

November 10th, 2010
10:10 am

The Lord works in mysterious ways!

TnGelding

November 10th, 2010
10:13 am

Sorry, a little hyper this morning. Have a great day everyone!

ugaprof

November 10th, 2010
10:14 am

University System employees’ salaries have been falling relative to inflation since about 2001, not just during the recession. Georgia is quietly downgrading higher education.

crackbaby

November 10th, 2010
10:17 am

Self-employed and working three times as hard to make 1/2 the money. No complaints though and I am happy for the employees and leadership of Google and others above who are part of businesses doing well. Hopefully there will be more stories like this 2011.

Innovation and hard work will keep America in its earned place. The best country on this earth.

crackbaby

November 10th, 2010
10:22 am

@ugaprof – Since I entered college in the early 80s, tuition has increased over 10% almost every year. The proliferation of college degrees may have saturated the market so perhaps some thinning of the herd will occur to balance supply and demand.

I see lots of college grads moving in with their parents. Some continue to party, some are doing unpaid internships in hopes of moving to paid positions. “Georgia” isn’t downgrading education, the market has and Georgia is adjusting to conditions.

Sad in the State

November 10th, 2010
10:25 am

I work for the state and we have not received a raise in three years in fact I applied for another better pay position and didn’t get because my 15 years of experience with no degree (but I am cerfified in IT)was beat out by a person with an interior design degree which by the way was totally unrelated to the job – WTH I guess she will decorate the office better!!! So no raise but a knife in the back and my morale went right out the door – go figure – I guess I’m just glad to have a job.

Sad in the State

November 10th, 2010
10:27 am

Oh but I am very very happy for those who work for Google or any other company that is able to take care of their employees – after all without them they couldn’t function at 110%

Govahment Employee

November 10th, 2010
10:31 am

Realist

November 10th, 2010
10:00 am

First of all, the lastest news is that Federal Employees make an average of $120,000 per year, twice what the private sector gets. They get great retirement packages paid for by the productive sector, can opt out of Social Security (well, most can), have great medical plans – again while the productive sector gets crap. They should all be getting %20 pay CUTS this year. They are all lucky they have any jobs at all as the country’s depression worsens and worsens.

First of all, I can not validate the average of $120,000, but I can assure you that I do not make half of that and most in my office are not within $30,000 a year of making that much. As for the Social Security opt out, that has long since been closed. You had to be hired before 1984 and chose to opt out of Social Security. Again, those hired before 1984 get “good retirement.” The rest of us fund our own, with supplements from our employer just like the rest of the country. The government contribution roughly equates to 20% of our total retirement. Is it better than the average employee across the country, yes. But, it’s not the pie in the sky you make it out to be. Get your facts straight.

Lt Col

November 10th, 2010
10:34 am

Realist,

You are an example of the misinformed that I was talking about. You can find any study that you want to cite that Federal Government Workers are overpaid. I can find a counter study that says just the opposite.
And that great health insurance that is paid for by tax payers isn’t a freebie for Federal workers, either. It costs me $657.35 EVERY TWO WEEKS. Retirement isn’t free either. I have to pay $67.30 EVERY TWO WEEKS to pay for my retirement. Year-To-Date I’ve paid out $1,462.94 for retirement under the Federal Employee Retirement System (FERS).
“There is no such thing as a free lunch”, for you or for me. :-(

2001!

November 10th, 2010
10:35 am

“When was the last time you got a raise? Bonus? Merit increase?” – 2001 AND it was at a dot-comer type business. Good for Google! And people always wonder why I have other irons in the fire. I’ve been promised many things, but nothing ever delivered. Employers treat you how they want and break laws left and right in job markets like this. You cannot and should not put eveything into an employers hands.

2001!

November 10th, 2010
10:38 am

@ Lt Col #1 You have retirement. Many don’t. #2 What’s you’re deductible on the Fed Insurance?

amazing

November 10th, 2010
10:40 am

crackbaby — you have been in college since the 80s???
Is that the 25 year degree plan?

amazing

November 10th, 2010
10:45 am

and by the way…what business is it of anyone’s what other people earn.
The point of this story is to be an advertisement to come get a job at Google. It is meant to make you envious to work for a company like Google. If your first inclination is to get some government lacky to investigate and to restrict their salary, you dont belong at Google, because you dont have the education.

Do you know Google also feeds their employees at the office, every day… for FREE?
Do you know Google takes care of your laundry while youre at work? The dress code is please wear something. The avg Google employee has at least 2 advanced degrees.
Also Google continues to grow their profits.

Focus on growing your companies profits. If youre not in a position to directly improve profits, focus on lowering expenses for your company. If your ownership does not respond with pay increases, move on.

It is very easy to find a job if you are motivated, smart (not necessarily educated) and have common sense.

the wise one

November 10th, 2010
10:45 am

my com[any has no ideal what a raise is greedy jerks no raise in 5 years

amazing

November 10th, 2010
10:45 am

company’s* (oops)

amazing

November 10th, 2010
10:51 am

Lt Col….

“I have to pay $67.30 EVERY TWO WEEKS to pay for my retirement.”

Wow, they FORCE you to pay for your OWN retirement. That just sucks doesnt it. I mean dam. They make you get up in the morning. Work all day. And then they expect you to pay for your OWN retirement. Sucks doesnt it.
I sure hope you feel you can live on 33.65 a week when you retire.

I just cannot believe they FORCE you to save your own money. And whats worse…you only do that minimum amount.

Wait wait…I know….they dont pay the military enough huh. So what does it say about a man who would make a career in a job where the pay is sub standard to what they believe they are worth. All the while, you knew how much the pay was when you took the job.
Sounds like lazy and ignorant to me.

mike

November 10th, 2010
10:57 am

I work for the Federal Government – life is good.

guest7

November 10th, 2010
10:59 am

a 25% pay cut. hooray.

g

November 10th, 2010
11:00 am

How can I get a job with google??

Rutherford

November 10th, 2010
11:02 am

Google is the most dishonest, unscrupulous and nefarious company in the history or Corporate America.

Absolutely EVERYTHING you do online or through is your smart phone with Google products/services is tracked and recorded by that company for “your own good.”

That company hides behind its feel-good logo, cute seasonal caricatures, how wonderfully its employees are treated and its good press to distract the public from its perpetual harvesting and storage of YOUR personal information.

Google is already the “Big Brother” many have feared the government of already becoming. All the government has to do is seize data from Google for the sake of “National ‘Security’ ” to have everything little online thing we’ve done on permanent record.

Hell isn’t hot enough for Google!

Gov't

November 10th, 2010
11:04 am

I work for the Gov’t. I do not receive anywhere close to $120k. Only the top managers (very few) that receive that much. I fund my own 401k (tsp) with a small percentage match. I get nothing else. Our health insurance goes up constantly and I am paying a LOT every two weeks to fund this. I’m not sure where you get that Government workers make so much. You may need to go back and actually find facts instead of venting on what you have heard since 1962. 1984 or 1985 changed everything for Government workers.

The Real Chef

November 10th, 2010
11:06 am

I got a $7,000/year raise back in February 2010. I also got a $1,500 bonus on Dec 31, 2009.

It’s good to work for a company that recognizes it’s Anti-Obama employees.

MP

November 10th, 2010
11:28 am

raise??? surely you jest! ummm, everyone’s pay has been cut a minimum of 5% where i work. last year i took a four year step back in salary. thank you politicians for doing all you can to ruin our economy and whatever future most of us planned to enjoy.

ken

November 10th, 2010
11:30 am

You know ignorance is bliss, as someone who works for the federal government, i can tell you its a misleading lie to think that all FED employees make over 120K, i make 47,500 a year, why do people take untruths and just run with it and hear and see only what they hear and want to see and not the facts. Know what you are talking about before spewing so much ignorant rhettorick…Geez

TnGelding

November 10th, 2010
11:31 am

Lt Col

November 10th, 2010
10:34 am

Thank you for your service, but you don’t pay a damn thing. The taxpayers do. And when you “retire” you can get a “job” within the military/industrial complex or federal government. With any luck you’ll be triple-dipping at the trough at 65. But I don’t blame you for taking advantage of the system. It’s there for everyone that is willing to work for it.

Universityalltheway

November 10th, 2010
11:32 am

@Amazing…. it is true… you are FORCED to do a 401K and you have no choice on the amount either. You have to agree to this when you take the job….

TnGelding

November 10th, 2010
11:35 am

ken

November 10th, 2010
11:30 am

You’re keeping the AVERAGE down to $120k. But I’m sure Linda Tripp earned every penny of her $90k salary. I think we can all agree that government has gotten too big and expensive at all levels.

JD

November 10th, 2010
11:36 am

Arguments under the dome suggest all you need is a trade and you will do fine — Don’t need a college education (you do to work for Google), don’t need 10% raises, just need to know how to push buttons and sweep floors.

Tychus Findlay

November 10th, 2010
11:40 am

I work in sales. My “raise” is tied directly to my performance, so each year I “give” myself a raise by being that much better at my job. I don’t need a middle management desk jockey to assess my “worth.” BTW, I gave myself an $8800 raise this year.

TnGelding

November 10th, 2010
11:41 am

Raise what you give to a worthy cause.