Google Employee Compensation Satisfaction Dips 12 Points — How Inflation Plays a Role

Kitchener-Waterloo, On, Canada - October 17, 2020: Google office building in Kitchener-Waterloo, Ontario on October 17, 2020.
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Google’s annual employee survey — dubbed the “Googlegeist” — reveals that workers at the company are increasingly dissatisfied with their compensation.

See: 5 Job Factors That Are More Important Than Compensation
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CNBC reported that only 46% of the respondents said their total compensation is competitive compared to similar jobs at other companies, down 12 points from a year earlier. In addition, 56%, said their pay is “fair and equitable,” a drop of eight points from the prior year, while 64% of employees said their performance is reflected in their pay, down three points.

The survey comes on the heels of a December 2021 meeting intended to cover 2022 planning, in which Google executives addressed employees’ compensation concerns amid rising inflation. At the time, Google’s executives stated that they are paying high labor costs, but added that they were against the idea of companywide pay adjustments for inflation.

Frank Wagner, Google’s vice president of compensation, responded to concerns about rising inflation and whether the company would provide any sort of increase, saying that Google would not implement a blanket raise to match inflation, CNBC added.

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CEO Sundar Pichai told employees in an email announcing the results that the survey is “one of the most important ways” the company measures how much people like working at the company.

See: Nearly Half of Americans Quit Their Jobs Because They Feel Unappreciated by Management
Learn: 20 Hot Jobs That Pay More Than $150,000

Goolge asked its employees to return to the office on April 4, 2022 and outlined a hybrid work model where most workers will be required to be in the office three days a week, The Washington Post reported.

“We believe that most of our teams collaborating together in the office for part of the week, and having the flexibility to work from home for the rest, is what’s best for our products, customers, people and culture,” John Casey, Google’s vice president of global benefits, said in a letter to employees, according to the WaPo.

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About the Author

Yaël Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.

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