Google parent Alphabet Inc. GOOG 1.97% said its workers earned a median pay package of more than $197,000 last year, the fourth-highest pay among the hundreds of companies in the S&P 500 index that have disclosed those figures.
Alphabet’s median pay was about 18% lower than at rival internet giant Facebook Inc., where employees earned a median salary of $240,000.
The relatively high pay at two of the world’s biggest tech firms is a sign of the talent war in Silicon Valley, where talented engineers are in limited supply. Their pay numbers far surpassed most of the 379 companies in the S&P 500 that had disclosed compensation figures through Friday afternoon. The median figure among that group was $69,205.
Facebook and Google also dwarfed another tech giant in this category, Amazon.com Inc., AMZN 1.52% where a median worker makes just $28,446. Most of the roughly half-million employees at Amazon unload trucks, drive forklifts and walk miles collecting products to fill orders—all for around the same pay as workers in other retail companies’ warehouses.
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