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Google has been the “Best Company to Work For” for the past few years. The company showed why this year with Google Raise. No, it’s not the newest feature on its insanely popular search engine. It’s the incentive given to all 23,000 employees wherein everybody gets at least a 10% pay raise. As if that’s not enough, the company is also giving out $1,000 to each employee as an early Christmas bonus.

The employees don’t have to worry about paying taxes for the bonuses, as Google is also reportedly paying for the taxes.

Eric Schmidt, the CEO for Google, released a memo internally to confirm the good news.

“We’ve heard from your feedback on Googlegeist and other surveys that salary is more important to you than any other component of pay (i.e., bonus and equity). To address that, we’re moving a portion of your bonus into your base salary, so now it’s income you can count on, every time you get your paycheck. That’s also effective January 1st. You’ll be receiving an e-mail shortly with further details about these changes to your compensation. And one last thing…today we’re announcing that everyone will get a holiday cash bonus, too,” Schmidt said in the memo.

When asked to confirm, a spokesman neither denied nor confirmed the news, citing the company’s policy that keeps the internal memos, internal.

With the Google raise, the company is expected to shell out $23 million for the bonuses alone, with the pay raises costing the company an additional $1 billion a year.