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The Wall Street Publication > Blog > Tech > Tech Giants Turn to a Classic Recruitment Tool: Cash
Tech

Tech Giants Turn to a Classic Recruitment Tool: Cash

Editorial Board Published February 27, 2022
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Tech Giants Turn to a Classic Recruitment Tool: Cash
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After years of enticing employees with large stock awards and surging share prices, some technology companies are deploying a time-tested tool: cash.

Alphabet Inc., which owns Google, adopted a new cash bonus plan in October that lets the company give employees bonuses of nearly any size for nearly any reason. Amazon . com Inc. said this month it doubled its cash-pay cap for employees. Some cryptocurrency and nonfungible-token startups are offering pay packages with larger cash components than long-established tech companies in the hunt for workers, according to some tech recruiters.

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