As our PPC revenues continue to decline, today comes the news that Google is going to give everyone of their 23,000+ employees at least a 10% raise come January 1, 2011.
According to the BusinessInsider.com, not only will every Google employee receive a raise but each will receive a Tax Free $1,000 end of year bonus.
Tax free in that Google will pay the taxes that each employee would owe on the $1K bonus.
According to the author of the story the legendary Henry Blodget:
“Google will also give each employee an additional raise equivalent to 1X the employee’s target bonus for the year. And employees will be eligible for additional “merit increases” based on their individual performance.”