Business

Google employees increasingly dissatisfied with pay and promotions, survey finds


Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum’s annual meeting in Davos.

Fabrice Coffrini | AFP | beautiful pictures

Equal Google As it prepares to bring most of its employees back to the office, the company is facing an increasingly dissatisfied workforce when it comes to key issues like compensation and the ability to meet career goals.

GoogleAnnual employee surveys, internally referred to as “Googlegeist,” show that a growing number of employees do not consider their pay packages fair or competitive with what they can perform at a similar role elsewhere. They are also questioning their employer’s ability to enforce them.

The surveys were taken in January and released to employees last week. CNBC looked at results from the company as a whole as well as individual groups like cloud, search, and ads. The lowest scores across the board are in terms of compensation and performance. The highest score lies in Google’s mission and values.

CEO Sundar Pichai told employees in a brief email announcing the results that the survey was “one of the most important ways” for the company to measure how much people like to work at the company.

Employee retention and satisfaction are more important than ever to Google and others in the tech space because of record numbers of employees. people in America are quitting their jobs and explore new opportunities. Google is also about to start bring most Its employees return to the physical office at least three days a week. After two years of remote work due to the pandemic, Google will reopen on April 4.

Not satisfied with promotions

Only 46% of survey respondents said their total compensation was competitive compared to similar jobs at other companies. This is down 12 points from a year earlier. A modestly higher figure, 56%, said their pay was “fair and equal”, down eight points from the previous year. About 64% of employees said their performance was reflected in their pay, down 3 points.

A Google spokesperson did not respond to a request for comment. Business Insider previously reported a number of compensation investigation findings.

Payments are an issue that Google executives have been forced to deal with late. At a hands-on meeting In December, Frank Wagner, Google’s vice president of compensation, responded to concerns about rising inflation and whether the company is offering any form of boost. Wagner said Google won’t do mass price increases to match inflation.

While, revenue has continued to increase, executives have received salaries collision and stock prices hit a record in November before falling along with the rest of the market.

Pichai still received a favorable rating of 86% from employees in the survey. But some of the more specific questions about Pichai lead to less flattering answers. As for his vision of what the company can achieve, 74% said Pichai inspires them, while the same number says “his decisions and strategies allow Google to successfully complete excellence”.

Prabhakar Raghavan, who oversees key businesses including search, advertising and commerce, noted in an internal email that 61% of employees find themselves able to meet their career goals at the company. and said, “more work to be done.”

“We need to make sure that you succeed to the best of your ability and continue to learn and grow in your career here,” he wrote.

Marking a 7% drop in Google’s view of enforcement, Raghavan said “that means we need to pay more attention to stopping the bureaucracy and making sure we can act fast.” quickly when needed.”

Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, United States, on Tuesday, April 9, 2019. industry experts to discuss the future of cloud computing.

Michael Short | Bloomberg | beautiful pictures

In the cloud division, CEO Thomas Kurian also noted a drop in execution and said in an email that “barriers to decision-making remain.”

Kurian’s unit faces the same problems as the parent company. Only 54% of employees on the cloud team said the ad process was fair, down two points from a year ago. Kurian says there is a “lack of criteria for promotion” and a “lack of transparency.”

Raghavan and Pichai both received a favorite rating of 84%.

Employees are satisfied with the product, the mission



Source link

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button