Salary of Google’s Employees: Google was developed in September of 1998 by Sergey Brin and Larry Page doing their Doctorate degree programme in Stanford University, California.
Google is widely known as a brand to reckon with. Highly valued in top ranks, its search engine is the most visited in the world. Even other sites run by Google such as Blogger and YouTube are also listed as most visited sites.
In 2004, Google was made public through an Initial Public Offering or IPO. It was then revised and made an auxiliary of Alphabet Inc. in 2015 as its parent company. In the same year, Larry Page was replaced as CEO of Google by Sundar Pichai. Larry Page was then made Alphabet’s CEO. Four years later, Sundar Pichai was also made Alphabet’s CEO.
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The founders of Google – Larry Page and Segey Brin – both have control over 56% of the voting power of stockholders. They also own over 14% of shares that are listed publicly.
It is there for all to see the expansion the company has made over the years, including valuable partnerships, subsidiaries acquired and the ownership most popular search engine in the world. They have also acquired other products and programmes that have become widely sought out for work-related tasks, communication and dissemination of information, inventory purposes and productivity purposes.
These programmes include Google range of products such as Google Docs, Google Slides, Gmail, Google Sheets etc. There are also Google programmes for location and navigation, video chatting and instant messaging, photo gallery and organisation purposes, cloud storage purposes, scheduling, reminder settings and taking notes, video and photos editing, video conferences and online class programmes, audio and podcast purposes, as well as search engine assistants for translation purposes.
These programmes include but are not limited to Google Chat, Google Duo, Google Earth, Google Meet, Google Translate, Google Drive, Google Maps, Jamboard, Google Photos, Google Podcasts, etc.
Google has made even more extension in other areas. It owns one of the leading web browsers running on Android operating system called Google Chrome. Google has lap experimented with developing it’s own operating system, known as the Chrome OS, and also an internet carrier system known as Google Fiber.
By forming partnership with producers of electronic products, Google has succeeded in launching its own line of hardware products such as the Google Nexus devices and the much acclaimed line of phones – the Google Pixel smartphone series – which are lauded for their seemingly great camera quality.
In terms of employee welfare, Alphabet Workers Union was formed in 2021 and its members are mostly Google employees. They also offer various pension benefits in addition to the general employee/worker welfare they provide. The pension plan provided is designed to help workers really invest and save up for their retirement.
Among these benefits are the employee health insurance and tax benefits. Worker renumeration is designed in such a way that the company pays a greater percentage of the health insurance the employees would pay, and even cover other insurance policies for their workers such as disability insurance policies, which is given on both short-term and long term basis. They also offer death and group life insurance benefits. More remarkable is the fact that they work to provide these insurance policies tax-free for there workers.
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Salary of Google’s Employee on average
Google employees, on average, are paid about 119,707 dollars per annum. Salaries earned by Google employees on average, range between about 70,900 dollars to 170,780 dollars. From the first to the least, the job or position that is most paid is the position of Senior Software Engineer. The least paid are the employees in the position of Technical Sourcer, who receive a renumeration of about 66,000 dollars in payment.
What has been enumerated above is the average yearly payment of Google employees. Google Inc also pays its workers hourly.
On a hourly basis, Google pays its employees about 37 dollars on average. The hourly payments also range from 20 dollars to 72 dollars on average. Workers paid on hourly rates occupy job positions such as Software Engineers and Data Center Technicians. The former are paid an average of 40 dollars hourly, while the latter are paid an average of 25 dollars hourly.
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A General Overview of Google Salary Structure
With a closer look at Google’s financial tables from 2013, it can be seen that Google had in its employ, about 40,000 workers. They spend an estimated 20 billion dollars on workers renumeration alone including compensation based on stocks. When you divide 20 billion dollars by 40,000 employees, it amounts to 500 thousand dollars per employee.
However, the entire money is a rough estimate of the total costs comprising of not only worker renumeration, but also overhead and other costs. In addition these salaries are not calculated in median but in mean or average. This means that there are so many workers that receive salaries below this average amount, and a handful of people who earn a lot more than the average amount.
For non-executive workers on Google, their salaries range between 42 thousand dollars and 300 thousand dollars, with an average of 128 thousand dollars.
It could be tempting to compare average salaries of different companies – perhaps using top companies as a case study – but the results can be quite misleading. It seems closer to home and more accurate to compare by job positions instead i.e the salaries of various workers occupying the same or similar positions in different companies.
There are other persons who may not be paid by position, like other employees in the company. They are research fellows, thought-provoking visionaries and people who are highly learned. These ones have positions that are not up for application, and are only given to them based on the value they represent and can provide.
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Regular jobs available at Google Inc include;
Software Engineer, Solution Consultant, Account Manager, Product Manager, Product Marketing Manager, Hardware Engineer, Program Manager, Technical Program Manager, Interaction Designer, Data Scientist, Staff Software Engineer, Research Scientist, etc.
In conclusion, it goes without saying that the salary structure of Google employees is designed to maximize employee motivation. There is a favourable payment plan for each position and juicy retirement and insurance benefits. Pay obviously increases with position, and the more an employee is paid, the more value he is expected to give or deliver.
Edeh Samuel Chukwuemeka ACMC, is a Law Student and a Certified Mediator/Conciliator in Nigeria. He is also a Developer with knowledge in HTML, CSS, JS, PHP and React Native. Samuel is bent on changing the legal profession by building Web and Mobile Apps that will make legal research a lot easier.