Google certainly knows about employer appreciation! The company is giving each of its 23,300 employees a 10% raise next year, as well as a tax-free $1000 holiday cash bonus.
Google has long been known for pampering its workers — offering them free food and other luxuries. But, the company decreased those benefits between 2008-2009 because of the economic downturn.
The bonuses and raises will certainly put a dent in their wallets, as well. Just the cash bonuses alone will cost the company $23 million (plus taxes), while the raise may cost Google around $1 billion a year. But, Google has prospered this year and can definitely afford to treat their employees. Revenue rose 23% to $21 billion through the first nine months of 2010.