Pop that cork! Intel quadruples employees' bonuses

Intel is giving four times the usual bonuses for its employees thanks to its record year with $43 billion in revenues. The company is also paying its workers the equivalent of 3 extra days of work on top of that.

The higher bonuses cap a year when many Silicon Valley companies offered raises or bonuses to employees to keep talent from being poached. Google said it was giving all of its employees a 10 percent raise back in November, partly because it had to fend off poaching by the faster-growing Facebook. Hewlett-Packard chief executive Leo Apotheker also gave HP employees raises after an era of cost-cutting under previous CEO Mark Hurd.

In Twitter messages, Intel employees are saying things like “champagne (er, sparkling cider) popped.” Tech company employees are going to be happy. And those that don’t get bonuses? They may walk down the street to the next employer. At Intel, all employees get bonuses based on a given multiplier every year. This year, the multiplier was 4X. In addition, every six months employees get profit sharing based on a number of days.

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  • http://www.bigjobsboard.com/ Brad Jobs

    Wow! That is a hefty bonus for Intel employees. I won’t ever leave a company that gives out bonuses based on the actual income of the company. Intel employees will be committed more to work hard this year to get that kind of bonus again for next year.

  • http://brianaford.info Briana Ford

    That sounds great, but they should beware: if they don't continue the great performance, they may be seeing job lay offs months later. At least, that's what happened with me.

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