What is the average income of Google and Facebook employees?
Overall, the Wall Street Journal reported that the 2021 employee salaries of the 278/453 companies analyzed by the paper all increased and are higher than in 2019. More than 140 companies, including Netflix, claim their employees are paid on average. at least $100,000. Average earnings at most S&P 500 companies in 2021 will rise amid a booming economy and a shrinking job market, according to analysis by the Wall Street Journal. Alphabet (parent company Google) and Meta (parent company Facebook) pay the highest, nearly 300,000 USD/year. In contrast, Aptiv, the auto parts supplier, pays the lowest: a full-time worker in Mexico earned less than $7,500 last year. Aptiv is among 44 S&P 500 businesses that pay less than $30,000.
Competition for hourly staff became intense last year across all industries. Some places even offer additional bonuses to attract new employees or retain employees when stores, offices, airports reopen or replenish capacity. White-collar circles, especially in the fields of technology and finance, have been “hunted” for the past 2 years.
In 2022, many big technology companies have increased the minimum wage. For example, Amazon increased the minimum wage cap to $350,000 from $160,000, and Apple raised the minimum hourly wage to $22. Google is said to not increase salaries for employees but increase the salaries of senior executives.
According to the media, at least four Google leaders received a base salary increase from $650,000 to $1 million, including Chief Financial Officer Ruth Porat, Senior Vice President in charge of Google Search Prabhakar Raghavan, Senior Vice President and CEO of Google Search. Chief Commercial Officer Philipp Schindler and Kent Walker, President of Global Affairs and Chief Legal Officer.
In contrast, in a new email, Microsoft CEO Satya Nadella informed employees that the company had doubled its salary fund and allocated more money to those in the middle of their careers.
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