Moving to plug the defection of staff to competitors, Google Inc. is giving a 10% raise to all of its 23,000 employees.
The pay hike comes as Google ramps up its battle with competitors, especially neighboring Facebook Inc., in a fight to secure talented staff. Roughly 10% of Facebook's employees are Google veterans and other Silicon Valley companies have aggressively poached employees from the Internet giant.
Neighbor's grass is always greener. Would not mind working for Facebook or Google. Actually, Google might be better at this point in time.