How long will Facebook employees work from home?

Position of Facebook’s Management Even founder and CEO Mark Zuckerberg said he plans to work from his own home until the second half of 2022. He previously stated that more than half of the company’s employees, approximately 60,000 people, can work remotely for 10 years.

Why are salaries based on location?

Companies use location-based salaries to keep pay equitable. Employees in the same position receive similar take-home pay because their salary accounts for local tax rates and cost of living. The model also empowers companies to set competitive wages without paying the highest rates across all markets.

Can my job decrease my pay?

A pay cut cannot be enacted without the employee being notified. If an employer cuts an employee’s pay without telling him, it is considered a breach of contract. Pay cuts are legal as long as they are not done discriminatorily (i.e., based on the employee’s race, gender, religion, and/or age).

Do companies adjust salary based on location?

Many companies pay employees differently based on location. The most common claim is that companies pay employees based on cost of living differences. This means that a New York City or San Francisco employee gets paid often significantly higher than an employee working in Chicago or Boston for example.

How will Facebook’s new location-based compensation policy affect employees?

Starting in January, Facebook’s employee compensation will be adjusted based on the cost of living in the locations where workers choose to live. Facebook will make sure employees are honest about their location by checking where they log in to internal systems from, he said.

Does Facebook’s new salary policy do more harm than good?

Likewise, Facebook’s new salary policy will do more harm than good. The company just doesn’t know it yet. In the age of remote work, companies with workplace flexibility will attract the best employees in the world and keep them. They’ll also save money — even if they pay employees at a premium.

What does Facebook’s new remote work policy mean for employees?

Rather than becoming a “north star” for other companies to follow, Facebook’s new remote work policy will have the opposite effect. It will demoralize current employees and weaken the company’s culture while diluting potential gains from a wider hiring pool. Building a remote work foundation with salary cuts sets the wrong precedent.

Does Facebook pay based on location or work location?

Facebook already pays based on location, but Zuckerberg said employees working remotely must notify Facebook if they move to a new area before Jan. 1, 2021. “We’ll adjust salary to your location at that point,” he said, noting it will be necessary to take taxes into account.