Mark Zuckerberg planning to localize Facebook salaries as WFH increases

[Rell Lauren]

Not surprising they'd consider this. The total compensation they offer now is because they compete for talent vs. other companies in the Bay Area. They probably figure the total compensation they can offer to someone working remote just has to be higher than the whatever smaller tech companies are in the city that person lives in.

That said, I'm interested in seeing what the other FAANG companies are going to do in terms of remote work. If Google for example starts allowing for more remote work, but doesn't make the same cost of living adjustments or their cost of living adjustments aren't as drastic, FB could fukk around and end up having some of their employees poached. Though I suspect other major tech companies will make similar CoL adjustments.

Google has already instituted WFH for the rest of 2020. They announced it a few weeks ago.

 

[Field Marshall Bradley]

That happens all the time though. If your job relocates you, they adjust your salary for the area's CoL. You might get an increase depending where you move or you get a decrease. Your salary is relative to the market.

Always has been.... posters on here think telecommuting just started in 2014 or something

 

[Thanos]

They finna decrease wages across the board, that's the ultimate form of greed. Y'all think this is good.

 

[Loose]

I feel like this is normal, I mean at least in my field it's always been the case

 

[Wink Beaufield]

Man even with "pay adjustments" these tech workers will still fukk up local real estate markets. These cats are still going to be pulling $150k+ salaries moving to spots like ATL, Houston and Charleston.

 

[R.E.N. Spells Ren]

That happens all the time though. If your job relocates you, they adjust your salary for the area's CoL. You might get an increase depending where you move or you get a decrease. Your salary is relative to the market.

but that’s the key phrase. FB isn’t relocating them.

 

[Thanos]

No wonder rich people win....

, Folks were defending landowners a bit ago, can you be surprised. If you are paid 150K in SF to do whatever it is that you, you earn that 150K. If you move, you should able to keep that money. You being out of state and in-state is whatever on bearings on what you do and how well you do your position. Anything contrary is advocating for imbalances of wages. I suggest people be aware cause the slope is getting towards shipping more jobs out for less money.

 

[Rell Lauren]

but that’s the key phrase. FB isn’t relocating them.

They're relocating themselves. If you stay in the Bay Area, you will not see a deduction. If you leave the Bay Area and do not return in 2021, your salary will be adjusted per the cost of living of where you moved to.

 

[JT-Money]

I don't see many people willingly relocating to some hick-town just to save money on living expenses. It ain't shyt to do in these small towns. And there ain't no fine bytches. So count me out.

 

[Field Marshall Bradley]

They finna decrease wages across the board, that's the ultimate form of greed. Y'all think this is good.

Whose talking about good.. this is what it is and what it’s always been

 

[Thanos]

Whose talking about good.. this is what it is and what it’s always been

It is what it is, but not for FANGs. You get paid the top of the scale nationally.

 

[Field Marshall Bradley]

, Folks were defending landowners a bit ago, can you be surprised. If you are paid 150K in SF to do whatever it is that you, you earn that 150K. If you move, you should able to keep that money. You being out of state and in-state is whatever on bearings on what you do and how well you do your position

So you don’t get market value and how salaries are determined?

 

[Wild self]

, Folks were defending landowners a bit ago, can you be surprised. If you are paid 150K in SF to do whatever it is that you, you earn that 150K. If you move, you should able to keep that money. You being out of state and in-state is whatever on bearings on what you do and how well you do your position. Anything contrary is advocating for imbalances of wages. I suggest people be aware cause the slope is getting towards shipping more jobs out for less money.

TLR don't care. They want to be in the position of the exploiter.

 

[Thanos]

So you don’t get market value and how salaries are determined?

Yeah I get market value, and they are clearly devalue folks hard earn work. If you paid 100K in DC for Cap One, you paid 100K in Texas for the same job.

 

[Absolut]

Facebook doesn't hire rando tech dorks.

Mr Robot or not you ain’t playing Facebook by acting like you’re in another city on a work from home basis