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Google says it's raising employee pay through performance review revamp



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Google is overhauling its performance evaluation process, implementing changes that will result in increased salaries, as the company tries to ease tension between employees and leadership on the issue of compensation. Starting this week, Google is using a new process for performance reviews called GRAD, which stands for Google Reviews and Development. It's part of an effort to streamline the evaluation process, limiting reviews to once a year, instead of twice, and putting more responsibility in the hands of managers rather than relying heavily on peer reviews, according to internal documents reviewed by CNBC.“Under this new process, we expect the majority of Googlers will be modeled for higher pay than they would under the old Perf system and the overall amount paid will increase too," one of the documents said. Google Search boss Prabhakar Raghavan reiterated that point at a company town hall meeting on Friday, according to two people with knowledge of the matter who asked not to be named because the information is confidential. A Google spokesperson said in an email that the company has "nothing else to share."Employee pay has been a sensitive subject at Google. In the annual "Googlegeist" survey, which CEO Sundar Pichai considers a key indicator of employee satisfaction, staffers gave Google particularly poor marks on how compensation compares to pay for similar jobs at other companies. Employees also downgraded their ratings on the process of performance reviews and opportunities for career growth. Results of the survey were circulated in March and underscored the challenges Google faces from the "Great Resignation," with workers leaving their jobs at a record pace and tech companies clamoring for talentGoogle employees have been voicing their concerns to management directly, not just in the annual survey. At an all-hands meeting in December, Frank Wagner, Google’s vice president of compensation, responded to questions about whether the company would provide a pay increase to address soaring inflation, especially as Google's revenue had boomed during the pandemic with hits stock price hitting a record in November. Wagner said Google would not implement a blanket raise to match inflation even as executives had received pay bumps. Google is now making fundamental changes to how workers are paid and promoted. As a part of the new GRAD system, promotions will be primarily determined by management as opposed to a consortium of managers and peers. Employees, however, can still request promotions twice a year, documents show. The company is also ditching its long-held practice of lengthy promotion packets, which were long forms employees needed to fill out that included reviews from bosses and co-workers. Managers will make promotion decisions as a group instead of employees having to solicit them separately.


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Article Link: https://www.cnbc.com/2022/05/06/google-says-its-raising-employee-pay-in-performance-review-revamp.html


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