Google has given all its employees a little holiday surprise: a $1,000 bonus and a 10% raise starting next year, reports Henry Blodget at Business Insider. And, citing employee feedback, Google will convert a portion of their bonuses to their salary—though merit-based bonuses will still be awarded separately. And just to be swell, Google’s paying the taxes on the $1,000.
The $1,000 bonuses will cost Google some $20 million, and the 10% raises could run about $1 billion, Blodget calculates. What can we deduce from this? Three things: One, amid employee retention troubles, Google’s working hard to keep workers happy. Two, Google’s doing well. And three, “Google is still an awesome place to work.”