Google employees don’t think their pay is competitive – Protocol

Many Google employees dont see their pay packages as fair or competitive, according to an annual worker survey of the company that was obtained by CNBC.

Googles Googlegeist survey, which was released to employees last week, found that compensation, promotions and an ability to meet career goals were among the top concerns for workers. Employees were largely happy with the companys ability to carry out its mission and values.

A Google executive said employees receive top compensation. But according to the survey results, the percentage of employees who think their compensation is competitive, the percentage who think their pay is fair and equitable and the percentage who say their performance is reflected in their pay all dropped from the previous year. Less than half of workers said their compensation is competitive compared to similar jobs elsewhere, down 12 points from the prior year.

A survey released earlier this month found that part of the reason workers are quitting en masse is because of pay dissatisfaction. Still, Google executives announced late last year they wouldnt raise pay to match inflation even as its revenue continued to rise.

We know that our employees have many choices about where they work, so we ensure they are very well compensated, a Google spokesperson said in a statement. Thats why weve always provided top of market compensation across salary, equity, leave and a suite of benefits.

CEO Sundar Pichai received a favorable rating of 86%, while about three-quarters of workers said Pichai inspires them.

Pichai said Google's annual survey is one of the most important ways the company measures employee satisfaction. Other large tech companies survey their workers through surveys, too: Meta conducts a semi-annual Pulse Survey, and Microsoft workers take an annual companywide poll.

View post:

Google employees don't think their pay is competitive - Protocol