Google Gives Away $1k Christmas Bonus To Employees

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Google employees already has got a letter from Eric Schmidt and word is out that the company has come up with a countable $1,000.00 Christmas bonus for all its 20,000+ employees and then to add to it they are paying all the taxes amounting on those bonuses.

Wait, hold your breath cause its not over yet, to spicen up things the company’s will deliver 10% raise on paychecks of all their employees starting in January 2011. Now, how’s that??

Reportedly, this is the mail from Eric Schmidt that went out to all employees:

I’m pleased to share some very, very good news with Googlers worldwide. But first let me say, on behalf of everyone on the management team, that we believe we have the best employees in the world. Period. The brightest, most capable group of this size ever assembled. It’s why I’m excited to come to work every day and I’m sure you feel the same way. We want to make sure that you feel rewarded for your hard work, and we want to continue to attract the best people to Google.

So that is why we’ve decided…to give all of you a 10% raise, effective January 1st. This salary increase is global and across the board everyone gets a raise, no matter their level, to recognize the contribution that each and every one of you makes to Google.

There’s more. We’ve heard from your feedback on Googlegeist and other surveys that salary is more important to you than any other component of pay (i.e., bonus and equity). To address that, we’re moving a portion of your bonus into your base salary, so now it’s income you can count on, every time you get your paycheck. That’s also effective January 1st. You’ll be receiving an email shortly with further details about these changes to your compensation. And one last thing…today we’re announcing that everyone will get a holiday cash bonus, too.
Googlers, you are what makes this company great, and our goal here is to recognize you for your contribution, in a way that’s meaningful to you. Thank you for all that you do, and for making Google a place where magic happens.

Now, how’s your employer celebrating christmas??