Moving to plug the defection of staff to competitors,Google Inc. is giving a 10% raise to all of its 23,000 employees, according to people familiar with the matter.
The raise, which will be given to executives and staff across the globe, is effective in January.
Associated Press
Google is giving a 10% raise to all of its employees.
The pay hike comes as Google ramps up its battle with competitors, especially neighboring Facebook Inc., in a fight to secure talented staff. Roughly 10% of Facebook's employees are Google veterans and other Silicon Valley companies have aggressively poached employees from the Internet giant.
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