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Why Facebook’s Work From Home Policy Could Involve A Pay Cut

Like most tech companies, Facebook is also considering allowing its employees to work from home permanently. Already, Twitter, Square, and Shopify have announced their plans in that line.

 

CEO Mark Zuckerberg also says that half of its employees could also be working remotely in a decade from now. This translates to over 23,000 people.

 

Zuckerberg said Facebook will start “aggressively” opening up hiring for remote workers. These new hires will even include people living in areas a few hours away from its offices and in new hubs it will establish.

 

“Certainly being able to recruit more broadly, especially across the U.S. and Canada to start, is going to open up a lot of new talent that previously wouldn’t have considered moving to a big city,” he said.

 

Facebook’s new approach will see it recruit from less expensive areas outside the usual office hubs. It also says that some of its existing workers will also be eligible to apply to work remotely.

 

“Our goal here is to enable many existing employees to become remote workers if you want,” he said.

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Pay cut for those working from home? Why?

Facebook already pays different salaries based on locations and it will adjust pay depending on the city’s the employee choose to live in.

 

Eligible employees have till 1st January 2021 to tell Facebook they’d prefer to work from home and depending on where they are living, they might get a paycheck cut.

 

“That means if you live in a location where the cost of living is dramatically lower, or the cost of labor is lower, then salaries do tend to be somewhat lower in those places,” Zuckerberg said.

 

Facebook already says most of its employees will work from home till the end of 2020. It also expects that its offices will start to reopen for some employees from July 2020.

 

Zuckerberg adds that the offices will initially allow about 25 percent capacity due to social distancing guidelines.

 

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Kolawole Awolope

Passionate about talking, passionate about talking tech.

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