Google Motivation And Compensation Resources

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CHAPTER IV

RESEARCH METHODOLOGY

4.1 SOURCE OF DATA:
There are two sources from which data can be taken.
1. Primary data:
No Primary data has been taken for this report.
2. Secondary data:
The data for the report is secondary in nature.

4.2 RESEARCH DESIGN:

It is s descriptive research.

CHAPTER V

Google and its methods of employee Compensation and Reward

4.1 Compensation Structure

One of the most sought after and yet one of the most underpaying employers in the industry is Google. However, the HR strategy fits perfectly with the business model and vision at Google – where employees are attracted not to the short term monetary returns from work, but rather to the support system that could help them create anything (Josey, 2005).

Google felt strongly that they were a competitive payer in the market. They said they used survey data at the 75th percentile to extrapolate the 90th percentile for most positions. They also said they have a collection of market data that they have amassed from employees hired into their organization based on their previous salary at other top technology companies. But, the organization decided that it was no longer enough to be competitive, they wanted to have the highest salaries in the market, and that is when they decided to do the 10 percent across the board increase.

While we assume that many of the employees that work at Google are top performers, this increase wasn’t about performance but more about their commitment to be the very best in terms of compensation. They wanted to do that across the board – not just for certain individuals. So, while I’m not a fan of across the board increase as a substitute for smarter compensa...

... middle of paper ...

... due to which research could not be done properly.

5.3 SUGGESTIONS

1. Company should try to know what are the needs and desires of the employees and accordingly compensate and reward them. This will motivate the employees more and will be more effective in retaining the employees.

2. Company should try to overcome all its weakness due to which the employees are leaving the company. For e.g. Google should make sure that all d employees whether temporary or permanent should be treated equally or should have the same status in the company.

3. Google being an innovative driven company, it can open a new wing for employees who wants to go solo i.e. has entrepreneurship desires with good start up ideas. The company can be at advantageous situation by acting as angel investor and help employees nurture their ideas.

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