Google execs tell employees they won't raise pay companywide to match inflation

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Google execs tell employees they won't raise pay companywide to match inflation
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“We don’t have any plans to do any type of across-the-board type adjustment,” said Frank Wagner, Google’s vice president of compensation.

At an all-hands meeting intended to cover 2022 planning, Google executives briefly addressed employees' compensation concerns amid rising inflation.

"We don't have any plans to do any type of across-the-board type adjustment," said Frank Wagner, Google's vice president of compensation.Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018.executives are acknowledging employee concerns about rising inflation, but say they have no plans to respond with a companywide pay increase.

Ahead of Google's all-hands meetings, now conducted virtually, executives determine some of what they will discuss based on questions that are submitted to an internal forum called Dory. With more than 400 "upvotes," a question related to inflation costs and employee pay received enough interest among the workforce to garner attention.Sundar Pichai"With the U.S.

"Inflation does seem to be atop of mind for a lot of folks, and I think one of the reasons is that people are pretty eager to get their compensation that works," Wagner said.

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