Googlers - What are your thoughts? TL;DR: Slowly eliminating rest-and-vest culture. Is Google = Amazon What do you do when you have over-hired but you don’t want to stoke panic by laying people off? Change the performance review process. And rip out the Toto toilets for good measure. Metrics to watch: Net revenue growth: 23% from 33% in Q’1 Headcount was up 5% from Q’4 YouTube revenue growth slowed to 14% from 25% in Q’4 Google Cloud stabilized at 44% YoY growth Changes are afoot: hiring is faster, offers are much more competitive and the new GRAD system promises promotions will be faster too. On the flip side, stack-ranking employees always leads to turnover. Will we see the Amazon level URAs? #Google #GRAD
I like this analysis. My first thought was they got burned at Googlegeist and perf took up a TON of time and is arguably a waste. So on the plus side this new process seems like it will allow us more time to get the work done. On the flip side the expectation of ‘Significant Impact’ (I think) is one level above what used to be CME. But you have a whole year. I’m tentatively optimistic.
What is GRAD? Are they removing promo committees?
No more promo committees, larger share of employees will receive < CME ratings, only 1 review per year.
But better multipliers though. And there's no forced quota and stack ranking. Seems like a good change