Tech Companies Raise Pays to Stop Employee Exodus

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In a bid to stop talents from leaving their camps, companies like Google and Hewlett-Packard are raising salaries of employees and offering them more attractive benefits.

The trend currently going on among many big-name technology companies have been observed by many news reports and analysts is expected to continue. Recently, there have been a slew of offers and many other attractive benefits offered by companies to lure talents to work for them.

In reaction, companies like Google and HP have made sure that talents remain with them by offering them pay raises.

HP chief executive Leo Apotheker in HP’s most recent earnings call has announced to his employees that he is reversing the pay cuts that Mark Hurd, the previous chief executive, imposed on the company.

Apotheker said that, “HP employees are a highly competitive group who want to win. They also want to be rewarded for their performance. I believe in the performance-driven culture, and our employees have been performing.”

Google has also made known their intentions of increasing pay for their employees. Recently, a lot of talents from their camp have been leaving them for hot companies like Facebook. Google has increased regular employees’ salaries by 10 percent and made a whopping 30 percent salary increase for senior executives.

Analysts are saying to expect more and more companies in the technology industry to follow suit and raise pays. This, touts many reports, indicate that the technology industry is continuing to grow.

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Author: Solon Harmony Dolor

A passion for technology and journalism makes this upcoming writer very interested in social media and technology news. Fresh from finishing an English and Journalism degree from the University of the Philippines Diliman, he aims to bring interesting news to our readers . Don't forget to subscribe and receive our latest posts in your inbox.

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