Google gives 2% of employees raises after statistical analysis on fairness - InvestingChannel

Google gives 2% of employees raises after statistical analysis on fairness

Alphabet’s Google said in a blog post, “Each year we run a rigorous statistical analysis to make sure all new salaries, bonuses and equity awards are fair. We take into account things that should impact pay, such as role, level, location and performance. If we find any differences in proposed pay between men and women globally or by race and ethnicity or age in the U.S., we make upward adjustments. Each year, we continue to improve our analytical approach. This year we included a higher percentage of Googlers in our analysis than before (now 93 percent worldwide), and for the first time we analyzed Googlers age 40 and over in the U.S. After thorough review, we increased compensation for 2 percent of employees to ensure that there were no inconsistencies for any demographic group. Increases totalled $5.1 million, and Googlers that received adjustments fell into every demographic category.”