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Why is the salary the same when working at Google?
For example, it sometimes happens that two employees working in the same department get a stock return of $6.5438+0 million, while the other employee gets a stock return of $6.5438+0 million. Although this is not the norm, at almost any level, the range of returns can be three times or even five times different.
In fact, we have many such examples. The salary of junior employees is higher than that of advanced employees, while the performance of advanced employees is average. This is because the work of these employees has produced different effects, which is naturally reflected in our salary system.
Bok admits that the policy of "wage inequality" will annoy employees, and it may be better to use "wage inequality" to describe it. In his view, it is actually fairer to give employees with better performance higher wages for the same job.
To understand his logic, you can imagine a company as a baseball team. The Detroit Tigers paid Justin Flanders an annual salary of $28 million because the pitcher won the Celeron Award and the Tigers didn't want his name to appear on the roster of other teams.
Bok said in the book that although Google prides itself on recruiting only elite talents, its employees conform to the power-law distribution: most employees are below average, while a few top employees improve the average.
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