Google to give 10% hike, $1,000 bonus

Wednesday, November 10, 2010

 imagesGoogle Inc will give its staff a 10 per cent pay increase at the start of next year, according to website Silicon Alley Insider.

Chief executive Eric Schmidt informed it's more than 23,000 employees of the raise by email, the Wall Street Journal later reported.

Silicon Alley Insider, citing a reader, earlier reported that Google is giving all its employees a $1,000 holiday bonus in addition to pay increases of at least 10 per cent.

The Internet industry is waging a "war for talent", Google chief financial officer Patrick Pichette said on a call with analysts last month.

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