The OKR method behind Google’s incentive compensation system has a number of visible advantages. Each year, 25 percent of your stock is vested (roughly at a rate of 2.08 percent per month). As a result, Google CEO Sundar Pichai received a bonus of 200 million dollars in stock options on February 2016, which was awarded in recognition of the 45% rise in Google’s revenues in 2015. For the latest IT news, analysis and how-tos, follow ITworld on Twitter and Facebook. What’s more, Google software engineers receive $500 after the arrival of a new baby to take care of house cleaning, diaper bills and other related expenses. Copyright © 2020 IDG Communications, Inc. Last week Business Insider ran a story about a Google engineer who “blew off” the offer of a $500,000 salary from a startup because he was already making $3 million a year, in salary and stock awards, at Google. All of these data points add up to create your total compensation package. What’s more, as you gain experience at Google your salary and other compensation options like stock grants and bonuses will increase. Writer/Editor at ITworld, Increases to 20 days after working for the company for four years and to 25 days after that. If you get started as an entry-level software engineer, your average total compensation will be toward the lower end of the scale. Commenters on the story on BI and Reddit have posited that the $3 million Google engineer in question is Jeff Dean, a Senior Fellow in the Knowledge group who, SFGate.com wrote, is “widely credited by Googlers for the blazing speed of the company’s famed search engine.” It would make a lot of sense that, if any engineer at Google is making $3 million—and is a 10X engineer—it would be Jeff Dean, who is clearly exceptional. Take this quiz to skip straight to final interviews with Remote Friendly Tech Companies! For bonuses, Google offers: These are bonuses of 150 dollars, which the employees can transfer to one of their colleagues. Would you believe there’s more to Google’s compensation package than just monetary compensation and stock options? By making the results public, all employees can monitor the progress levels of their peers or their bosses. The median compensation package for a L8 at Google is $1,160,000. Do those salaries impress you? Compensation for “Googlers”, as employees of this global company are known, is made up of a fixed segment (normal salary) and a variable segment (bonuses). At Google, like in many other Silicon Valley technology companies, software engineers are issued Restricted Stock Units (RSUs). ... their surviving spouse continues to get half of the Googler's salary for the next 10 years. The average salary of a Google employee is $ 128,000 €/year, or around $10,700 per month. There are nine software development job titles at Google, which are as follows: Most engineers at Google work in the lower brackets of the hierarchy. Software developers making a million dollars or more per year are, certainly, unusual. Google certainly inspires a lot of loyalty with Googlers' spouses. Required fields are marked *. At the highest end, they make $630,000, with $80,000 in cash bonus and $300,000 worth of stock grants, just over $1 million per year. This approach is often used by big companies because their hierarchy is larger and having a scale system ensures everyone at similar levels within the company earns a comparable salary. These are used by Google to compensate employees through company shares. Google, like many big technology companies, uses a tier-based system for compensation. In addition, the vesting schedule for RSUs/GSUs can vary depending on the number of shares you receive. You’ll also receive benefits like tuition reimbursement, a favorable 401(k) policy, and free breakfast, lunch and dinner five days per week. The average compensation you’ll earn as a software engineer at Google will depend on your experience and tier-based level. The company also provides employees and their families international personal travel year-round. Some of these benefits are unique to Google. Google engineers make good money, but even for Google engineers, $3 million a year is a whole lot of money. It’s important to note RSUs are subject to a four-year vesting schedule at Google. As an entry-level engineer, you’ll command a significant salary. Joining a technology company like Google is a dream for many. How long does it take to become a full stack web developer?