Google CEO says performance appraisal will be adjusted.

Google CEO says performance appraisal will be adjusted.

The CEO of Google said that he would adjust the performance appraisal. Earlier, an internal survey showed that more and more Google employees believed that their compensation schemes were unfair or uncompetitive compared with other companies. Google CEO says performance appraisal will be adjusted.

Google CEO says it will adjust its performance appraisal. 1 Google's internal survey results show that more and more employees think that their salary is unfair and they are not competitive compared with other companies. According to the survey results, only 46% of the respondents said that their total salary was competitive compared with similar positions in other companies.

At a recent staff meeting, Google executives responded to employees' salary and other questions, defended the company's competitiveness, and admitted that the performance evaluation process might change. Google CEO Pichai said that the company is considering changing the performance evaluation process and hopes to make a more comprehensive update.

Google CEO

For a long time, Google has been regarded by engineers as an ideal place for Silicon Valley to get high salaries and benefits. However, in the process of trying to maintain this position, the company obviously faces challenges, because the soaring inflation rate and the four-month decline of technology stocks have made employees feel uneasy.

Employee retention and employee satisfaction are more important to Google and its peers than ever before, because more and more people in the United States quit their jobs to find new opportunities.

Google CEO says performance appraisal will be adjusted. It is reported that in the face of a series of criticisms from employees on salary issues, Google executives defended at a recent online meeting of all employees, but also said that the performance appraisal process may change.

Earlier, an internal survey showed that more and more Google employees believed that their compensation schemes were unfair or uncompetitive compared with other companies. To be exact, only 46% of the respondents said that their salaries were competitive compared with similar jobs in other companies.

In this regard, Bret Hill, Google's vice president in charge of compensation affairs, took the lead in responding. He said: "There are some macroeconomic trends at work. This is a very competitive market, and you may hear that colleagues get better treatment in other companies. "

Hill also said: "People feel the impact of inflation in their own lives and are coping with the changes in geographical location and its impact." Hill was referring to a statement last summer, when Google said it would adjust employees' salaries according to local market prices.

For a long time, Google has been regarded by engineers as "the place with the highest salary and welfare in Silicon Valley". But now, the company is facing obvious challenges in its efforts to maintain this position, because the soaring inflation and the four-month decline in technology stocks have made employees nervous.

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 spokesman said: "We know that employees have many choices about where to work. Therefore, we should ensure that they get a good salary. This is why we always provide top standards in salary, equity, holidays and a series of benefits. "

For Google and its peers in the industry, it is more critical than ever to retain employees and maintain employee satisfaction, because the number of Americans who quit their jobs to find new opportunities has reached a new high. In addition, Google is about to launch a plan of "working at least three days a week in the office", which may further stimulate employees with job-hopping ideas.

Hill said that Google competes for talents with about 865,438+0 companies, including Amazon, Apple, Facebook and Microsoft. These companies are where Google looks for new employees and where Google employees go after they leave. Hill said that the average salary of Google employees is in the top 5% to 10%.

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

Google CEO Sundar Pichai agrees with Hill. Pichai said: "I want to add that we are very concerned about the net flow of people and how we are doing here. From the perspective of the whole industry, Google is doing very well. "

An employee asked, "If Google's goal is to recruit the top 1% talents, why not pay the top 1% salary, but pay the top 5% to 10%?"

Hill said that Google hopes to "recruit the best talents everywhere" and achieve this goal by providing "wider compensation" within this range.

Pichai added: "When we say the top 5% to 10%, our plan is actually higher. For example, based on the job function of supply and demand, we will do "what we need" to recruit new people, and sometimes this ratio will be very high. "

In response to the "performance evaluation" proposed by employees, Google executives said that the performance evaluation is being revised. Pichai said that Google is considering changing the performance evaluation process and hopes to make a more comprehensive update.

Google CEO said that the performance appraisal will be adjusted on March 25th. Compared with other companies, more and more Google employees think their compensation schemes are unfair or uncompetitive. To this end, at the recent plenary meeting, they launched a series of criticisms and questions to the management of the company.

At the company plenary meeting, Google CEO Sundar Pichai and other senior executives regularly read the most popular submissions from the internal forum Dory. Employees can write questions in this forum and choose the executives they want to respond to.

Prior to this, Google also conducted an annual survey called Googlegeist. Hundreds of questions were collected in the survey, and volunteers were asked to help solve the most concerned problems of the company. In this year's survey, the most concerned areas are salary and execution. According to the survey results, only 46% of the respondents said that their total salary was more competitive than that of their peers in similar jobs in other companies.

Bret Hill, Google's vice president in charge of "comprehensive rewards (including compensation and stock option rewards)", was the first person to respond to the compensation issue. He said: "Some macroeconomic trends are at work. This is a very competitive market, and you may hear some rumors that some people get higher salaries in other companies. "

Hill said that people "have already felt the impact of inflation on their lives" and "are coping with the impact of geographical changes". He was referring to a statement made by Google last summer, when the company said that it would adjust employees' salaries according to the consumption level in different regions.

For a long time, Google has been regarded as the place where engineers in Silicon Valley can get the highest salary and enviable benefits. However, the company has encountered obvious challenges in its efforts to maintain this position, because soaring inflation and the four-month decline in technology stocks have made many employees nervous.

A Google spokesperson said in a statement that employees are highly paid and the company attaches great importance to feedback. He said: "We know that our employees have many choices in the workplace, so we ensure that they can get good salary, which is why we always provide the best support for employees in terms of salary, equity, holidays and various benefits."

For Google and other technology giants, it is more critical than ever to retain employees and improve employee satisfaction, because the number of employees who quit their jobs in the United States to find new job opportunities has set a new record. Google is about to start letting most employees return to the office at least three days a week, which adds new worries to employees considering future employment.

However, salary is still the most concerned issue. In February of this year, Amazon announced that it would double the basic salary of employees on the grounds of fierce competition in the labor market. At Google's meeting, employees also mentioned Amazon's salary increase, and said that Apple was increasing employees' income by issuing restricted shares, and then asked what measures Google planned to take.

Hill worked in Amazon 15 years and joined Google in 20021year. He said that Google usually competes with 865,438+0 companies for talents, including Amazon, Apple, Facebook and Microsoft. These companies are the places where Google recruits new employees, and they are also the objects that employees choose after leaving their jobs. Hill said that the average salary paid by Google to employees is among the best in these companies.

Hill said: "Compared with these companies, our compensation scheme is more advantageous. We can recruit talents from them and we will make changes when necessary. " Pichai also echoed Hill's point of view. He said: "I want to add that it is difficult for any company to see the net flow of personnel and our performance in this regard." But among all companies, Google is doing very well. "

Judging from other topics on Dory, employees are obviously unconvinced by the executives' answers. Someone asked: "Googlegeist's survey results show that our salary figures are 10 percentage points lower than those of other companies, but the leaders still say that they are competitive, and our salary is the highest among peers. Should we exclude companies with lower salaries such as Wal-Mart from our benchmark and adjust employee salaries accordingly? "

Hill responded again. He said: "This trend is related to us and we are paying close attention to it."

For topics not included in the survey, there is a section called "Others" on Dory. Even there, the most concerned issue is related to salary. Pichai read the second most concerned question in this section: "If Google's goal is to hire the best (former 1%) talents, why is our goal not to pay the highest salary, but just to be among the best?"

Hill said that Google hopes to "recruit the best talents everywhere" and achieve the above goal by providing "wider compensation" within this range.

Employees also asked about Google's performance evaluation. As we all know, this process will last for several weeks, which requires self-evaluation by employees and evaluation by managers, and may also involve peer review. If employees seek promotion, this time will be extended. Executives said that the performance appraisal method is being revised.

A more concerned issue is: "With so much emphasis on performance, ambitious employees are forced to do the best thing for performance, which may not be the best thing for Google or users. What do we need to do to solve this problem? "

Brian Welle, vice president of personnel analysis and performance, responded: "As the head of the performance appraisal team, I am also very concerned about this." He said that the company is "systematically repairing" and "encouraging Google employees and managers to work together and set clear performance expectations".

Pichai said that Google is considering changing the performance evaluation process and hopes to "make a more comprehensive update". "Employees want to feel that they are making an impact," he said. We can do a lot of things to make performance appraisal a process supported by more people, focusing on cultivating talents and keeping in line with the company's goals. "