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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."

6 of 339 comments (clear)

  1. Google has been recruiting in Redmond by TiggertheMad · · Score: 4, Informative

    I work at a certain EVIL company, and there have been some rumors that Google has been sniffing around, looking for good employees (yes, yes, obligatory MS joke here...) to bring over.

    It looks like they are agressively trying to make sure that they keep on top of the talent curve. MS has always made an effort to grab up all the most talented engineers coming out of school. Google might try to give them a run for the money.

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    HA! I just wasted some of your bandwidth with a frivolous sig!
  2. Re:Umm... by burns210 · · Score: 4, Informative

    Not anymore. They used to, but Yahoo has sinced bought a Search Engine company and have used that as the basis of their searches.

  3. Who really cares about money? by Daniel+Ellard · · Score: 3, Informative
    People with kids, mortgages, other debts, plans for the future... If you think a million dollars is a lot of money, well, you haven't tried to buy a house in a decent school district near Boston or Silicon Valley recently.

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    Disclaimer: I work for a company, but I don't speak for them.
  4. Re:You wish you worked for google? by Whygee · · Score: 2, Informative

    The funny thing about this is that French-speakers actually use the word CV (curiculum vitea). The word "résumé" has a totaly different meaning in French...

  5. Re:The Way Things Are by Alien+Being · · Score: 3, Informative

    WRONG!

    From Google's prospectus:

    Our mission is to organize the world's information and make it universally accessible and useful. We believe that the most effective, and ultimately the most profitable, way to accomplish our mission is to put the needs of our users first. We have found that offering a high-quality user experience leads to increased traffic and strong word-of-mouth promotion. Our dedication to putting users first is reflected in three key commitments we have made to our users:

    * We will do our best to provide the most relevant and useful search results possible, independent of financial incentives. Our search results will be objective and we will not accept payment for inclusion or ranking in them.

    * We will do our best to provide the most relevant and useful advertising. Whenever someone pays for something, we will make it clear to our users. Advertisements should not be an annoying interruption.

    * We will never stop working to improve our user experience, our search technology and other important areas of information organization.

    We believe that our user focus is the foundation of our success to date. We also believe that this focus is critical for the creation of long-term value. We do not intend to compromise our user focus for short-term economic gain.

  6. Re:You wish you worked for google? by mikeage · · Score: 2, Informative

    Americans generally use the term resume to sum up ones professional achievements, and CV to sum up ones educational or research achievements.

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