Google CEO says he will adjust performance appraisals

Google CEO said he would adjust performance appraisals

Google CEO said he would adjust performance appraisals. Previously, an internal survey showed that more and more Google employees believed that they were different from other companies. The compensation package is not fair or competitive compared to your own. Google CEO says he will adjust performance appraisals. Google CEO says he will adjust performance appraisal 1

Google’s internal survey results show that more and more employees believe that their salary is unfair and uncompetitive compared with other companies. According to the survey results, only 46% of respondents said their total compensation was competitive compared with similar positions at other companies.

Google executives responded to employee pay and other issues at a recent all-hands meeting and defended the company's competitiveness while acknowledging that the performance review process may change. Google CEO Pichai said that the company is considering changing the performance evaluation process and hopes to conduct a more comprehensive update.

Google CEO

Google has long been regarded by engineers as an ideal place to get high salaries and benefits in Silicon Valley. However, the company clearly faces challenges in its efforts to maintain that status, as soaring inflation and four straight months of declines in technology stocks have rattled employees.

Employee retention and employee satisfaction are more important than ever for Google and its industry peers as more people in the U.S. are quitting their jobs to seek new opportunities . Google CEO said he would adjust performance appraisal 2

According to reports, in the face of a series of criticisms from employees on salary issues, Google executives defended themselves at a recent all-employee online meeting, but also said, The performance review process is subject to change.

Previously, an internal survey showed that more and more Google employees believe that their compensation packages are unfair or uncompetitive compared with other companies. Specifically, only 46% of respondents said their pay was competitive compared to similar jobs at other companies.

In response, Bret Hill, Google’s vice president of compensation affairs, was the first to respond. "There are some macroeconomic trends at play. It's a very competitive market and you may hear about colleagues who are getting better deals at other companies," he said.

Hill also said: "People are feeling the effects of inflation in their own lives and are dealing with changes in geography and the impact there." Hill was referring to a statement last summer in which Google said, Employee wages will be adjusted based on local market rates.

For a long time, Google has been regarded by engineers as the place with "the highest salary and benefits in Silicon Valley." But now the company faces clear challenges in trying to maintain that position, as soaring inflation and a fourth straight month of declines in tech stocks have left employees on edge.

In this regard, a Google spokesperson said that the current salary of employees is already very high, but Google attaches great importance to this feedback from employees.

The spokesperson said: “We know employees have many choices about where they work. So we want to make sure they are well compensated. That’s why we always look at salary, equity, Reasons to offer top-notch standards in time off and a range of benefits ”

For Google and its industry peers, retaining and keeping employees happy is more important than ever. It’s even more critical as Americans are quitting their jobs in record numbers to look for new opportunities. In addition, Google is about to launch a "working in the office at least three days a week" plan, which may further stimulate employees who are thinking of changing jobs.

Hill said that Google competes with approximately 81 companies for talent, including Amazon, Apple, Facebook and Microsoft. These companies are where Google looks for new employees and where Google employees go when they leave. Hill said that the average salary of Google employees is in the top 5% to 10%.

Hill said: "We already have an advantage over these companies. We can recruit talent from them. Of course, we will also make changes when needed.

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Google CEO Sundar Pichai also agreed with Hill's point of view. Pichai said: "I would add that we are very concerned about the net movement of people, and our How are you doing on these. From an industry perspective, Google is doing very well. ”

Some employees asked, “If Google’s goal is to recruit the top 1% of talents, why not pay the top 1%, but the top 5% to 10%?” ? "

Hill said that Google wants to "recruit the best talent everywhere" and achieve this goal by offering "a broader range of compensation" within this range.

And Pichai added: "When we say the first 5% to 10%, our plan is actually higher. For example, when it comes to "supply and demand based" job functions, we do "what we need" to recruit new people, sometimes very high on the scale. "

In response to the "performance evaluation" issues raised by employees, Google executives said that they are revising the performance evaluation. Pichai said that Google is considering changing the performance evaluation process and hopes to conduct a more comprehensive Update. Google CEO said he will adjust performance appraisal 3

According to news on March 25, more and more Google employees believe that their salary packages are unfair or uncompetitive compared with other companies. At a recent all-hands meeting, they launched a series of criticisms and questions against the company's management.

At the company's all-hands meeting, Google CEO Sundar Pichai (Sundar Pichai) and other senior leaders. Managers regularly read the most popular submissions from the internal forum Dory, where employees can write questions and choose which executives they want to respond to.

Previously, Google also conducts an annual survey called Googlegeist. The survey collects feedback on hundreds of questions and solicits volunteers within the company to help address the top concerns. In this year's survey, the top areas of concern are compensation and Execution issues. According to the survey results, only 46% of the respondents said that their total compensation is more competitive than peers doing similar jobs in other companies.

Regarding the issue of compensation, Bret Hill, Google’s vice president of “comprehensive rewards (including salary and stock option awards)”, was the first to respond. He said: “There are macroeconomic trends at work. It's a very competitive market and you may hear rumors that some people are being paid more at other companies.

Hill said that people are "already feeling the impact of inflation in their own lives" and "are dealing with the impact of changes in geography." He was referring to a report published by Google last summer. In a statement, the company said at the time that it would adjust employee salaries based on consumption levels in different regions. Google has long been regarded as the place where engineers can get the highest salaries and enviable benefits in Silicon Valley. The company has faced clear challenges in trying to maintain that position, as soaring inflation and a four-month slide in tech stocks have left many employees nervous.

In a statement, Google said. People say employees are well compensated and the company takes feedback very seriously. He said: "We know our employees have a lot of choice in where they work, so we make sure they are well compensated, which is why we are always there. Reasons to best support employees in terms of salary, equity, time off and various benefits.

For Google and other tech giants, retaining and improving employee satisfaction is more critical than ever as a record number of U.S. workers quit their jobs to look for new opportunities. Google is about to start bringing most employees back to the office at least three days a week, adding new worries to employees considering future employment.

Still, pay remains a top concern. In February of this year, Amazon announced that it would double the basic salary of corporate employees, citing fierce competition in the labor market. At the Google meeting, employees also mentioned Amazon’s salary increase and said that Apple was issuing restrictive measures. stock way to increase employee income, and then ask Google what steps it plans to take.

Hill worked at Amazon for 15 years and joined Google in 2021. He said Google typically competes with 81 companies for talent, including Amazon, Apple, Facebook and Microsoft. These companies are where Google recruits new employees and where employees choose to go after they leave. Hill said the average compensation Google pays its employees is among the highest among these companies.

Hill said: "Our compensation package is more advantageous than those companies. We can recruit talent from them, and we will make changes when needed." Pichai I also echo Hill’s sentiments. "I would add that it's difficult for any company to see the net movement of people and how well we're doing at that," he said. "But of all the companies, Google is doing very well."

Judging from other threads on Dory, employees are clearly not convinced by the executives’ answers. Someone asked: "Googlegeist's survey results show that our compensation numbers have dropped by 10 percentage points compared to other companies, and leadership still says that it is competitive and our compensation is the highest among our peers. Should we change Are lower-paying companies like Walmart removed from our benchmarks and adjusting employee pay accordingly?" Hill responded again. "This trend is relevant to us and we are watching it closely," he said.

For topics not included in the survey, there is a section on Dory called "Other." Even there, the issue of greatest concern relates to compensation. Pichai read the second most popular question in this section: "If Google's goal is to hire the best (top 1%) talent, why is our goal not to pay the highest salary, but just to be at the top?"

Hill said that Google wants to "recruit the best talent everywhere" and achieve the above goals by offering "a broader range of compensation" within this range.

Employees also asked about Google’s performance reviews. The process is known to last several weeks, requiring employees to assess themselves and get reviews from their managers, and may also involve peer review. This time can be extended if the employee is seeking a promotion. Executives said changes to performance appraisal methods are being made.

One of the more concerning issues is: “With so much emphasis on performance, ambitious employees are forced to do what’s best for performance, and that’s not necessarily what’s best for Google or users. The best thing. What do we need to do to fix this?" Brian Welle, vice president of people analytics and performance, responded: "As the leader of the performance appraisal team, I am also very concerned about this." He said that the company is "making systemic repairs" while "encouraging Google employees and managers to work together to set clear performance expected".

Pichai said that Google is considering changes to the performance evaluation process and hopes to "make a more comprehensive update." "Employees want to feel they are making an impact," he said. "There are a lot of things we can do to make performance reviews a more supported process, focused on developing talent, and aligned with company goals."