Google gives execs raises after declining to boost employees' pay

[jedberg]

They didn't decline to boost employee pay -- they declined to make an across the board COL adjustment. Instead they will build the COL adjustment into each person's annual raise along with a performance bonus.

You're only hearing about these guys because they are required to report it in their SEC filings.

[KeepFlying]

I'm not sure the exact breakdown of their rewards, but baking a COL adjustment and a merit increase in a single number doesn't really count. Makes it way too easy to reduce pay increases.

[dntrkv]

This article is blog spam dog shit.

“Company that pays exceptionally well is not doing an across the board CoL adjustment”

There is literally no story here.

Oh wow look another article from this spam site claims Google is the top paying employer in the US.

https://www.hcamag.com/us/news/general/top-50-companies-with...

[deelowe]

Almost no company pays people based on COL. Pay is based on the market rate for the area which should generally go up as COL increases but not in every case or for every role.

[hyperhopper]

But they did not make a inflation adjusted increase to each employee, so you're just dodging the point.

The increase didn't happen. They declined to boost employee pay

Yeah, maybe the top 5% got bigger increases, but that's not whats being discussed

[sjtindell]

Google is literally a money printer. They could all go on vacation and the thing would run itself. The fact that they will pay execs these sums to do nothing but start and kill yet another useless side product is embarrassing.

[meristohm]

Who is doing anything worth more than a living wage (some amount that meets basic needs where they live, plus some buffer) independent of all the infrastructure built with the know-how, sweat, and blood of others?

[neilv]

I don't think this will prompt a lot of computer programmers at Google to move to a company that pays better.

[endisneigh]

Haven’t companies been doing this for literally centuries?

It sucks, but it seems that it is what it is. Fortunately people can vote with their feet and googlers in particular are likely to be able to get a pay increase by switching jobs.

Short of a straight up profit share it doesn’t seem like there’s a reliable way to guarantee pay increases - stock is a decent hedge but then you can have 80% drops in a year like Peloton.

[hexo]

So the company went from user-hostile to employee-hostile. Congratulations.

[monkeybutton]

Regression towards the mean of corporate America. The first couple decades were extraordinary but it wasn't going to last.

[tasha0663]

I think its just run by AM at this point. "Don't be evil" is now "HATE."

[zingplex]

They're still a user-hostile company as well

[pts_]

Victims not employees, of extortion.

[lokar]

Google has never given standard yearly raises. You get a raise when you are promoted or when the market reference goes up.

[atbpaca]

Sundar Pichai has just updated Google's mantra: "Don't be evil, be greedy!"

[dang]

Please don't fulminate on HN. That's in the site guidelines: https://news.ycombinator.com/newsguidelines.html.

You may not owe steel procreators better, but you owe this community better if you're participating in it. We're trying for curious conversation here.

[ramphastidae]

Is it really disgusting? Google stock rose 65% in 2021. Unless you are working at the cafeteria, the recent inflation had little impact on the compensation of Google employees.

[specto]

Same at the company I work for, so this seems to be normal for publicly traded companies.

[tdhoot]

> worst inflationary periods in 100 years

I don't completely disagree with you, but c'mon this is hyperbole, right?

https://advisor.visualcapitalist.com/inflation-over-last-100...

[mensetmanusman]

If our executives didn’t make millions and millions of dollars, how could they possibly lead us?