Sunday, August 17, 2025

Google raises salaries of top brass after ‘refusing’ to hike workers’ pay

- Advertisement -

After informing employees last month that it wouldn’t automatically adjust salaries to account for inflation, Google is giving four of its top-most senior executives a significant pay hike, raising their base salaries from $650,000 to $1 million.

The new pay packages for Chief Financial Officer Ruth Porat; senior vice president Prabhakar Raghavan (in charge of Google search); senior vice president and chief business officer Philipp Schindler; and Kent Walker, president of global affairs and chief legal officer, have been disclosed in a latest company filing with the US Securities and Exchange Commission (SEC).

“Effective January 2022, the base salaries of each of Porat, Raghavan, Schindler, and Walker will be increased from $650,000 to $1,000,000,” Google said in the filing.

Also Read: Major initiatives taken by Ministry of Labour and Employment in 2021

All four executives are eligible to “participate in a maximum $2,000,000 annual bonus programme, based on contributions to Google’s performance against social and environmental goals for 2022,” according to the filing.

Each person has also been granted stock awards with target values in the millions of dollars.

Porat will be granted one tranche of performance stock units (“PSUs”) with a target value of $5,000,000, and one tranche of restricted stock units (“GSUs”) in the amount of $18,000,000.

Raghavan will be granted one tranche of PSUs with a target value of $12,000,000, and one tranche of GSUs in the amount of $23,000,000, according to the filing.

Also Read: Walmart cuts paid leave in half for COVID- 19 positive workers

While Schindler will be granted one tranche of PSUs with a target value of $12,000,000, and one tranche of GSUs in the amount of $23,000,000, Walker will be granted one tranche of PSUs with a target value of $5,000,000, and one tranche of GSUs in the amount of $18,000,000.

The pay hike for top executives came as a top Google executive said in December that the tech giant would not automatically adjust all employees’ salaries to account for inflation.

Google’s Vice President of compensation, Frank Wagner, told employees in a meeting that the company does not “have any plans to do any type of across-the-board type adjustment” when asked about the inflation rate in the US, reported CNBC.

“Inflation does seem to be top of mind for a lot of folks, and I think one of the reasons is that people are pretty eager to get their compensation awards,” replied Wagner to a question by Alphabet and Google CEO Sundar Pichai.

However, Google “won’t introduce company-wide adjustments for inflation”.

“We don’t have any plans to do any type of across-the-board type adjustment,” he was quoted as saying in the report.

In a statement, a company spokesperson had said: “Employees receive bonus and equity as part of their total compensation, which also includes generous benefits and flexibility”.

Google parent Alphabet has more than 150,000 full-time employees globally, and has seen its revenue and stock soar to record levels over the last year.

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Boeing workers stage protest over vaccine mandate

Waving signs like "coercion is not consent," and "stop...

India’s Workforce Goes Green—35 Million Jobs Expected by 2047

India’s green economy is expanding rapidly, with projections indicating...

Aequs, Foxconn of toy world, to create around 1,25,000 jobs in Karnataka

Aequs to set up India's first toy cluster in...

Tanvi Choksi, CHRO, JLL, Asia Pacific on Workplace Challenges in 2024

In Conversation with Tanvi Choksi, CHRO, JLL, Asia Pacific...

Bajaj Housing Finance appoints Sayantani Dutta as CHRO

Sayantani Dutta steps into the role of Chief Human...

TCS 2021 Global Leadership Study, here are the key findings

80% of Global Top Performing Companies Collaborate with Competitors:...

TCS to invest $300 million in a foreign country, will hire 220 people by 2023

Tata Consultancy Services (TCS) has announced plans to expand...

Google appoints Shraddhanjali Rao as Head – HR, India

Shraddhanjali Rao joins Google India as Head- Human Resources....

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/