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Google rated #1 in ‘Fortune’ magazine’s survey of Best Employer to work for… January 29, 2007

Posted by Janine in Org Theory Blogs.
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While watching ‘CNN Headline News’ this weekend a segment came on that caught my attention.  It was about the highly popular search engine, ‘Google,’ and the astounding success the company is experiencing.  In a recent survey that came out on January 11, 2007, Google was named Fortune magazine’s top employer to work for. After listening to the segment and doing some additional research about the organization’s environment, I am not surprised. 

Imagine 11 different types of eateries all free to employees, $5000 issued allowance to buy a hybrib car, a full sized gym and personal training services!  And these examples are just the tip off the iceburg!  As an organization, Google strives to take care of its employees, and as a result of their careful attention, employee loyalty is not an issue.  If you were to “…ask [an employee] what he or she is doing,…it’s never “selling ads” or “writing code.” No, they’re on a quest “to organize the world’s information and make it universally accessible and useful.” That’s from the actual mission statement, by the way, which employees can and do cite with cloying frequency” (http://money.cnn.com/galleries/2007/fortune/0701/gallery.Google_life/3.html). Based on our recent class discussion of organizational culture, I think that the representation that Google embodies exemplifies excellence in this area.  The staff is happy, they work collectively, they feel like they have a say. ( http://www.jimmyr.com/blog/Why_Google_Best_Employer_11_2007.php ). This organization is a clear example of organizational  culture and design, plus efficiency and productivity, at its finest.  While I could go into deeper analysis on this topic, to do so would make this post a research paper.  So please take some time to look at the sites I posted as references.  They offer much more explicit insight into Google’s success and reason behind it.

To conclude, it seems to for Google to have claimed a highly coveted rank in the business arena, they must be doing something right.  “Famous founders’ letter Larry Page and Sergey Brin distributed to prospective Google shareholders before the company’s 2004 IPO: “Google is not a conventional company. We do not intend to become one.” Mission accomplished.” (http://money.cnn.com/galleries/2007/fortune/0701/gallery.Google_life/3.html).  It will be interesting to see how Google continues to handle its success and how it will go about any type of change in the future. 

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Comments»

1. Jordi - January 29, 2007

Yeah Janine! Great post. Kudos for being first up here (of the students).

How many employees do they have?

Do they have employee stock ownership? Does it relate to Agency Theory’s suggestions?

Someone else could poke around about Google’s IPO of stock, which was done in an unusual way. I would love to know of any effects on other IPOs.

2. Janine - January 29, 2007

Google currently employs 6,500 employees and 3,000 international employees.

As for their IPO, here is a site that offers some insight into their process.

3. Janine - January 29, 2007
4. Jordi - January 29, 2007

My rough sense is that for a company that big in terms fo revenue, they have very few employees.

The top 5 in the Fortune 500, for example, are:

1) Exxon Mobil (XOM) 339,938.0 36,130.0
2 Wal-Mart Stores (WMT) 315,654.0 11,231.0
3 General Motors (GM) 192,604.0 -10,600.0
4 Chevron (CVX) 189,481.0 14,099.0
5 Ford Motor (F) 177,210.0 2,024.0

Their employee numbers are
1) 116,000
2) 1,800,000
3) 335,000
4) 69,000
5) 300,000

Google is #353 on the list (which is very impressive)

5. Abby - February 22, 2007

Personally, I’d love to work at Google. I actually sat next to someone on the plane once who did, they mentioned that lunch was flexible, and some people in the office had all kinds of toys such as remote control cars, etc that they’d use during the work day to deliver messages. (Its like grown-ups finally get to do all that stuff in Home Alone)

With all the perks, I’d definitely motivated to go to work, and may not want to leave on some occasions…but then, it would also be very distracting.

I remember that in my HRM class we looked at a couple organizations that had this flexible work time. One firm actually didn’t have offices for all their employees, but lockers, computer stations and meeting rooms. Or an egg-shaped pod for videoconferencing. Here, people only came in when they needed or to have a meeting with clients. The entire office interacted through chat, phone, emails, and filing similar to our public spaces.
.

6. Erno Hannink - February 28, 2007

Beste werkgever van Amerika (en wereld?)

Door een reactie van Gerjanne op Teveel bedrijven zijn als een slecht huwelijk kwam ik op het artikel in Fortune.
Vorig jaar zag de top 10 van de beste werkgevers er nog zo uit:

En het is raar maar de No 1 van 2007 staat niet in de top van 2006. Ste…


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