I think we all know that a manager’s salary is a lot of money. If you know how much money a manager’s salary is making, you’re probably better off getting more money in the future.
So, that’s the first big finding. Google is making $9.5 billion in profits in 2009. The average compensation for a Google employee is $1,854,400 (source: Glassdoor). The average Google executive is making $1.4 million per year. This means that Google executives make $2.3 million more than average employees. That’s over 50 times more than the average CEO of a Fortune 1 Company.
It is difficult to say exactly how much money Google makes, but this number is still pretty good. The average employee makes an average of $23,000 per year, and that includes all the administrative costs, stock, and retirement benefits (and other perks). This is also the same number as the median CEO of a Fortune 1 company making. So while Google CEO’s make an average of over 3 million per year, the average employee makes 3 million dollars more per year.
Google’s compensation is pretty much what you’d expect. You get the same salary as the average CEO, plus stock awards, and a health care plan if you work there for a few years.
And just to be clear, the fact that you make 3 million dollars more per year than the average CEO of a Fortune 1 company doesn’t mean the CEO made 3 million dollars more per year than you did. It’s more likely that he made the same or something lower. The CEO of a Fortune 1 company can be as high as 10 million dollars per year in salary. While it’s common knowledge that Google is a very profitable company, they don’t make a ton of money from their employees.
The reality is that the average CEO will only make 10-20 million dollar a year from his employees, and if his salary is so low it doesnt mean he can turn down the offer to hire a new employee.
Of course, he might be the most qualified candidate for the job, but just like any other job, the quality of the candidate is a key factor in determining how much the job pays. What is more is that the best candidates will get the best salaries. Google is very selective with who they pay and what positions they pay.
How many of you have noticed that the people who have made their companies some of the most money in recent years were the ones who were the most highly qualified? I’m sure when you read this, you’ll know why.
My experience with a few of Google’s hiring practices has been that the best candidates tend to be very highly qualified and have a lot of experience. That’s why they tend to make more money than the average person at the company. But they tend to still be in the minority. In fact, I personally have seen the opposite happen. I’ve seen a few highly qualified but underqualified people make the best of the situation.