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Google Faces Employee Retention Challenge

prakslash writes "60% of Google's 1900 employees now hold stock options worth at least one million dollars. According to experts in this Reuters article, it is now imperative for Google to maintain its sense of mission. If it fails to do so, a whole slew of employees facing post-IPO burnout and boredom will leave the company to go back to school, start a new company, or join the ranks of high-tech early retirees. Such a mass cashing-out could lead to a decline in Google stock price and intellectual brain-drain. Oh how I wish I worked for Google."

23 of 339 comments (clear)

  1. You wish you worked for google? by HappyClown · · Score: 5, Funny

    Well send in your CV! It sounds like they might have a few job openings shortly...

    1. Re:You wish you worked for google? by Misinformed · · Score: 4, Funny

      As an American patriot you may wish to not use the French word resume and defer to the Latin CV.

      That is, if you love your country.

      --
      --

      Slashdot: Racism against Indians OK. China bad, USA good. Blue pill in water supply.
    2. Re:You wish you worked for google? by 0racle · · Score: 3, Funny

      All depends on how they flaunt them, I can see it being a sore point in the porn industry, but do you really have a problem with people whipping it out at your office?

      --
      "I use a Mac because I'm just better than you are."
    3. Re:You wish you worked for google? by Jeff+Mahoney · · Score: 3, Funny

      Right, we must not waffle or send mexed missages even if presented with new facts.

      What, are you running as an incumbent US president?

    4. Re:You wish you worked for google? by Anonymous Coward · · Score: 1, Funny

      So it should be "freedom summary" rather than "resume"?

    5. Re:You wish you worked for google? by Blue23 · · Score: 2, Funny

      You don't want to work in a company where almost all your coworkers are millionaires, and you're not, because you happened to join the company after the IPO date.

      Maybe in 3 - 5 years, when most of the millionaires have left, but I would certainly NOT join Google right now, unless my stock options strike price was at pre-IPO levels (which it won't).


      I've got to second this. Joining google right now:

      1. Get Options at current price.
      2. 500-1000 millionairs leave during the 5 years it takes to become vested.
      3. In leaving, stock price drops.
      4. Your options, at old, high price, are under water and worth nothing.
      5. New employees coming on get stock options at the new, lower rate, and make fun of you when they apperciate from there, but yours are still worthless.

      Cheers,
      =Blue(23)

      --
      LITTLE GIRL: But which cookie will you eat FIRST? C. MONSTER: Me think you have misconception of cookie-eating process.
  2. Free lunch? by miroth · · Score: 5, Funny

    I guess Google is finally realizing that there's no such thing as a free lunch (even if they provide their employees with one).

    1. Re:Free lunch? by Kinkify · · Score: 2, Funny

      But when I say TANSTAFFL I mean TANSTAAFL. And anytime I post I mean I'm an idiot.

  3. Pining for Google by Anonymous Coward · · Score: 0, Funny
    Oh how I wish I worked for Google.

    You can. On a volunteer basis, of course.

  4. Google's new quitting policy by Anonymous Coward · · Score: 5, Funny

    To quit your job at google go to: {last 10-digit prime found in consecutive digits of e}.com

    1. Re:Google's new quitting policy by Gentlewhisper · · Score: 3, Funny

      To quit your job at google go to: {last 10-digit prime found in consecutive digits of e}.com

      Wow, it is easier to get hired than to quit!

      That's like so cool dude!

  5. Re:Total percentage? by Kiryat+Malachi · · Score: 3, Funny

    1900 employees, as in the number of employees Google has, not 1990 employees, as in employed on the date of, which was your interpretation... and would make no sense.

    2004-1990 does equal 14, so you can subtract, but it's obvious you can't read.

    --

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    Mod me down, you fucking twits. Go ahead. I dare you.
    (I read with sigs off.)
  6. Operation: Shootfoot by mikeophile · · Score: 5, Funny

    CFO: It looks like we have quite a problem, Eric. We are losing employees because their stock options are worth so much, they don't wan't to work anymore.

    CEO: The deuce you say, George. There's only one thing to do.

    CFO: What's that?

    CEO: George, we have to tank the company. When the stock bottoms out, we'll buy back those options and correct the retention problem. We must destroy Google to save it.

    CFO: OMFG, you're brillant. But how will we devalue the company? Google is doing great.

    CEO: We're going to need help. We need someone with experience in this sort of thing. Get Carly at HP on the phone, quick!

  7. Re:It's a problem, but it's already solved. by Average_Joe_Sixpack · · Score: 2, Funny

    Google seems to already be a step ahead of this problem, creating a billboard puzzle in the Boston area and publishing a test for potential applicats to fill out.

    Answer is 7427466391.com thanks to a google search

  8. Is this supposed to be bad? by melted · · Score: 3, Funny

    I, for one, welcome our millionaire overlords. I wish more tech companies had folks who had enough money to retire, so that those who don't have enough money yet would be able to make a bit more and advance their careers a bit faster. Where I work, it's like a freakin' concrete wall up there. Folks who have been with the company are well put in their trenches and it's nearly impossible to get anywhere, because the "old boys club" is everywhere. I wish the stock price doubled and they took off. I'd be a happy camper then.

  9. Re:"Intellectual brain-drain" by arabagast · · Score: 1, Funny

    oh, the moderators irony..

    --
    Doolittle : ...What is your one purpose in life?
    Bomb no.20 : To explode of course.
  10. Former chef to the Grateful Dead... by mikael · · Score: 3, Funny

    which already include an in-house masseuse and free lunches prepared by the former chef to the Grateful Dead.

    For a moment I thought that read "an in-house massage ... by the former chef to the Grateful Dead".

    "And zeez is how weee tenderize zee meat before we apply zee hot sauce... bork! bork! bork!"

    --
    Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
  11. Re:Well good. by Baloo+Ursidae · · Score: 2, Funny

    No kidding. Maybe even do the growing trend among tech companies in the central California region to fire all employees, offer no relocation, and re-open shop in the Portland, Oregon area. Oregonians need jobs more than California needs anything.

    --
    Help us build a better map!
  12. Re:Maybe not that bad... by WhatAmIDoingHere · · Score: 5, Funny

    Maybe you'd even be able to purchase an iPod instead of getting people to sign up for a pyramid scheme so you can get one.

    --
    Not a Twitter sockpuppet... but I wish I was.
  13. Re:reminds me of... by Sweetshark · · Score: 4, Funny

    As my ex-boss once said:
    Being rich does not make you happy, but it is easier to cry in a Rolls-Royce ...

  14. "Oh how I wish I worked for Google." by artemis67 · · Score: 4, Funny

    On the contrary... Oh, how I wish I used to work for Google!

  15. Re:FOD by Anonymous Coward · · Score: 1, Funny

    For someone who's "working" 80 hours a week, you sure seem to have a lot of free to be reading & posting on slashdot...

  16. Re:reminds me of... by aonifer · · Score: 2, Funny

    Now they are mostly in their late twens wondering what to do with their existence for the rest of their time

    Dude! Two chicks at the same time!