- Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has revamped its performance evaluation process targeting increased salaries to ease tension between employees and management, CNBC reports.
- The search engine giant is embracing a new process called GRAD, Google Reviews and Development, to streamline the evaluation process, limit reviews to once a year, and put more responsibility in the hands of managers.
- Google saw most Googlers modeled for higher pay under GRAD than they would under the old Perf system, and the overall amount paid will increase too, according to CNBC.
- Also Read: Google Scores Poorly On Pay, Promotion As Per Internal Survey: CNBC
- Google also ditched its lengthy promotion packets, which were long forms employees needed to fill out, including reviews from bosses and co-workers. Managers will make promotion decisions as a group instead of employees having to solicit them separately.
- Google employees will get a new tool to set expectations for goals, objectives, and key results.
- Each quarter, employees will also get "regular check-ins" with their managers to discuss career development.
- Google introduced a new scale with five different levels for employee ratings.
- Google's new promotion system will see an employee's manager complete a form assessing whether the person has shown the skills required for elevation.
- Price Action: GOOG shares closed lower by 1.05% at $2,288.80 on the last check Monday.
