Google Pay & Benefits
The author of this report has been asked to select a major company within the United States and focus on its compensation and benefits system and framework. The company selected for the purposes of this report is Google. While Google was barely a twinkle in its founders' eyes a scant generation ago, it has grown to become a United States and international powerhouse. Indeed, they have a compensation and benefits program to match. This essay shall focus on the details and facets of that pay and benefits program. The data gleaned will emanate both from what Google itself has to say about the subject as well as what other sources have said. While Google does not have a monopoly on offering robust pay and compensation packages, they are certainly among the elite companies within the United States and the world at large.
Analysis
The first source the author of this report was used was the proverbial horse's mouth, that being the Google website itself. Google was an easy choice for the author to make when coming up with the company for this paper. As noted on the Google website itself, they have been named by Fortune Magazine as the "Best Company to Work For" and 2014 was the fifth time that this had occurred. In terms of the benefits in particular, Google's espoused mission on its website is to "make your life better and easier." (Google Benefits). They also assert that they "want our benefits to work for you" and that "we care about you AND your family" (Google Benefits). The specific benefits they point to include onsite physicians/nurses in addition to comprehensive healthcare coverage, travel insurance for all travel including personal excursions and vacations, time off for new parents (men and women) as well as a cash benefit for the same, college and other learning reimbursement programs and legal aid for their associates in case they are in need of legal advice for actions like evictions, small claims cases and so forth (Google Benefits).
However, it would be wise to look at sources and data specifically outside of the Google bubble because they will no doubt paint a rosy picture about themselves irrespective of what others might have to say about them. When it comes to the actual wages paid, Payscale has a pretty good data set on how Google pays its employees. In total there are three main facets to what a Google employee is paid. Those facets include the base salary, bonus and profit disbursement. As an example position, a software engineer at Google is purported to make anywhere form $87,156 a year to about $138,452 in base salary. The bonus paid for that same position ranges from about $5,000 a year to about $24,781 a year. Of course, that certainly varies based on the performance employee and/or the performance of the department/company at large. Finally, the profit disbursement level for the software engineer is purported to be anywhere from $1,000 to about $40,963. Indeed, that puts the overall salary range for the employee at anywhere from $87,710 in total compensation to about $169,544. While a lot of that comes from discretionary payments in the form of the bonus and the profit disbursement, a potentially very large share of the compensation is from the base compensation alone. Indeed, in looking at other positions in the firm as listed on Payscale, much the same pattern is seen. The other positions noted include Senior Software Engineer, Technical Program Manager and Product Marketing Manager (Payscale).
Even with those generous pay packages, some may feel inclined to try and negotiate a higher salary when they interview and/or are offered a job by Google. However, a former principal recruiter for Google by the name of Bob See asserts that Google will not capitulate or otherwise be swayed by such tactics. For example, if a person is offered a job with Google and the asserted starting salary for the job is to be $70,000, a job applicant might be inclined to cite websites like the aforementioned website Payscale.com or other sites like Glassdoor or Salary.com. However, Google will not negotiate their initial salary offers and this is a hard and fast rule that they follow. Indeed, the only time that Google will flex on its initial offer is if they are told of a competing offer or the current compensation for the employee at their existing job is at odds with the offer Google is extending (Gillet).
Using the prior example, Google may be inclined...
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