Is Google's (NASDAQ: GOOG) Talent Secure?

Google's (NASDAQ: GOOG) stock price has been on a steady decline since the company announced that it would be increasing its employees' pay by 10% effective in January. Some executives will receive a 30% pay increase, as Google competes with Facebook to try and maintain its talent. Google's employees have helped drive the company's success, as innovations continue to propel earnings higher. Last quarter results of $6.72 per share confirmed that the Google growth story was still intact. The stock price had jumped over the $600 level, and stayed in the $620s for quite some time. Investor's seem to have priced in the company-wide pay raise into the price of the stock. However, will the pay increase augment company-wide motivation? Investors may have to wait for two more quarterly reports to see how earnings will be affected.