Faced with a deluge of employee complaints about pay, Google leaders defended the company’s competitiveness in a recent all-hands meeting, while acknowledging that the performance evaluation process may alter. The virtual meeting came after the release of internal survey results that revealed an increasing proportion of Employees don’t think their compensation packages are fair or competitive with what they could make elsewhere.
Sundar Pichai, Google’s CEO, and other senior executives read top submissions from Dory, a site where Employees ask questions and give thumbs up to those they want leadership to address, at all-hands meetings. The annual “Googlegeist” survey was the second most popular question ahead of the March conference. According to CNBC, the survey’s lowest results were in the areas of compensation and execution, which were sent out to staff in January.
Engineers have traditionally regarded Google as the place to work in Silicon Valley for top compensation and benefits. The corporation, however, is facing a significant struggle in maintaining that status, as a combination of rising inflation rates and a four-month slump in tech stocks, despite a strong surge last year, has put staff on edge. A Google spokeswoman told CNBC that Employees are well compensated and that the firm values feedback.