Google rewarded Google employees with $100000 in cash last summer. Now, it provides a 7-digit dollar stock to retain engineers who want to change jobs.
Last week, the value was $3.5 million. According to reports, this week, Google successfully held a job-hopping engineer with a $6 million stock.
The competition for talent in the United States is fierce. Microsoft was sued in 1997 for hacking several members of Borland, a well-known data statistics company. Looking back at Google's brilliant achievements in the past decade, Steve Jobs was once so angry at the office. However, it is always necessary to pay back the stream. Google can only try its best to prevent its brain drain.
A serious side effect of using bonus stocks to prevent employee outflows is that once you start doing so, you must continue to do so in the future. Google basically sniffed that Facebook or other listed companies had to start some of their employees and quickly threw some money or promotions to them.
Although many employees are always moved by money, Google's stock is not as high as it was before, and Google has to rethink new tricks. At present, Google is planning to use the power of culture to impress people. We will be able to hear more about the establishment of a new committee with stories, more about Google's internal activities, and new attitudes and solutions to Employee problems, especially for employees of companies acquired by Google. Facebook has far fewer employees than Google, so there is not much trouble at the moment.