Bad news for employees of THIS global IT company as it announces bonus cut, not Narayana Murthy's Infosys, Azim Premji's Wipro, IBM, name is...
Narayana Murthy, Late Ratan Tata, Azim Premji (Left to right)
Bad news for Google employees: In a significant development for the employees of Google, it has been reported that Google employees have been informed of some possible changes relating to the company's appraisal and bonus structure. It has been reported that Google has announced a small dip in bonuses for most of its employees. Here are all the details you need to know. Google makes changes in performance review
As per a report covered by the Times of India, an internal mail by the Google's Global Head of Compensation, John Casey states that while the company is seeing strong momentum with launches like Gemini 2.5 Pro and Cloud Next, it has decided to change its performance review system to better reward top performers.
The main change is that more employees will have the chance to earn the top rating, 'Outstanding Impact', during yearly reviews. This is different from the previous system, where most people were rated 'Significant Impact'. Google wants to reward employees who contribute the most to its targets. Google spokesperson announces new plan of action
'We're making these changes to further reward top performers and continue our momentum across the company', Google spokesperson Courtenay Mencini said while confirming the changes, as reported by Times of India.
'The above changes are budget-neutral, and overall we're continuing to invest in comprehensive and highly competitive compensation and benefits,' Casey concluded in his email to staff.
'The move slightly reduce the bonus and equity payouts for those who receive the' 'Significant Impact'', the mail added. About Outstanding Impact' rating of Google
As per the new performance review system, managers will now be able to give the 'Outstanding Impact' rating to more people, which will affect their pay in the annual appraisal cycle. The managers will also have more flexibility to reward those in the 'Significant Impact' group. However, Casey noted that the changes are 'budget-neutral', meaning some employees will get smaller bonuses to fund bigger rewards for top performers.
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