Go ahead and drop some tickers.
I'm going to research later, but name some possible public companies/corporations. Some of us are trying to eat a lil something off of the market, breh.
Mark Zuckerberg planning to localize Facebook salaries as WFH increases
- Thread starter Rell Lauren
- Start date
Go ahead and drop some tickers.
I'm going to research later, but name some possible public companies/corporations. Some of us are trying to eat a lil something off of the market, breh.
Bartering for services or time
Just because businesses are foisted upon a free market system does not make them vital.
We can talk semantics but 99% of consumers in this country are getting their income to spend and drive economic growth from....businesses. Hence my original statement.
charknicks
All Star
In this case, FB would realize the savings because the cost of the employee would be less in Chicago or Atlanta or wherever that is not in the San Francisco area. Also, because the company is the one paying to employee.
If you had a job in (whatever city you live in) and are getting paid $60k, you would expect to move to the San Fran area to get the $110k salary for that job. The question I dont understand is: why would you not expect the company to do the same on the reverse?
Think if its your company. Answer this: are you gonna pay your employee the same no matter if they live in Kansas City or New York?
Also, look at it like this. If you lived in Detroit, getting paid 50k, and YOU want to move to San Fran, do YOU expect the company to pay you 100k now just cause you decide to work remote in San Fran? If its your company, are YOU paying the employee double to do the same just because THEY decided to move?
I get we dont like 'big business', but at the end of the day, its their money. The employee who decided to move can choose to not work for Facebook.
So where has that trickle down bullshyt led us now?
R.E.N. Spells Ren
Veteran
I said they’re being forced to work from home. And since where that home is has no effect on their productivity, some have made the wise decision to cut their expenses by moving and I don’t think they should be punished for it. During these uncertain times, it’s a prudent thing to do. They could get laid off in November, or even February right after signing a new lease in the Bay.
If the FB offices are open in January 2021 and an employee chooses to work remotely, then I’m ok with this policy since in that case it’s akin to the scenario people keep citing where an employee puts in for a transfer to another city. It’s a change to the working arrangement they had with FB when hired so reconsidering compensation is fair game. But while there’s an active pandemic with a vaccine-less virus spreading about keeping the office closed, it’s immoral for FB to reduce anyone’s salary simply because of where they choose set up their FORCED remote office.
I'm not speaking trickle down anything. I'm speaking about the function of business as a generator of growth and jobs. Simple.
If businesses didn't exist, people would just barter and trade. That's just an economic engine as any.
I said they’re being forced to work from home. And since where that home is has no effect on their productivity, some have made the wise decision to cut their expenses by moving and I don’t think they should be punished for it. During these uncertain times, it’s a prudent thing to do. They could get laid off in November, or even February right after signing a new lease in the Bay.
If the FB offices are open in January 2021 and an employee chooses to work remotely, then I’m ok with this policy since in that case it’s akin to the scenario people keep citing where an employee puts in for a transfer to another city. It’s a change to the working arrangement they had with FB when hired so reconsidering compensation is fair game. But while there’s an active pandemic with a vaccine-less virus spreading about keeping the office closed, it’s immoral for FB to reduce anyone’s salary simply because of where they choose set up their FORCED remote office.
But that's the thing. Salary cuts do to localized pay aren't taking place until Jan 1st, 2021. All current FB employees prior to this covid situation were SF based. If they chose to relocate to save money, good, I would do the same thing. But FB has said in 6 months you pay will be localized to your WFH location.
Trade and Barter is the back bone to early economies, but even that has its limits.
Him Duncan
Hugh G Reckshon
There's already an office in Atlanta as well as a data center in Newton county... Ijs
R.E.N. Spells Ren
Veteran
Breh, I know that FB would realize the savings, I asking why they SHOULD realize the savings instead of the employee.
I understand COL, breh, it’s not a hard concept.
If, while living in Louisville I take a WFH job paying $60k, and my wife gets a job in NYC so we move our family to NYC I would NOT expect my employer to increase my pay. I’d only expect them to give me a COL bump if they were requiring me to move to NYC.
You’re not paying them more because they decided to move, you’re paying them the same salary you agreed to when you hired them since they’re still doing the same work under the guidelines by which they can work. Before all this, if an employee chose to move from an expensive condo downtown to a suburban apartment for half the cost, FB wouldn’t care and it would have no effect on that employee’s pay. Makes sense, cuz it has no effect on the employee’s ability to do the job for which they were hired (actually it may have more of effect than the WFH scenario since the suburban home may require a longer commute which could affect productivity), but as long as the productivity remains the same FB wouldn’t care.
This has been one of the best things about working remotely for me for the last 10 years.
Working for a large insurance company remotely in a state/city with a significantly lower COL. Yet my salary is based on when I was hired a couple years out of Uni. My pay and benefits are far beyond what I would get if they weren't based on the East Coast.
Sounds like some employers are going to start flipping that script. Once again, sucks for the young bucks coming up, while old heads continue to use the old tricks to prosper. They trying to choke the kids out of a decent living any way they can. And whats worse is this fukking Zuckerberg aint even old. He's doing this shyt to his own fukking generation.
The Zoomers or whatever got some annoying shyt about them; but when they speak on how fukked the economy is for them I don't pretend they lying. Because they aren't.
Working for a large insurance company remotely in a state/city with a significantly lower COL. Yet my salary is based on when I was hired a couple years out of Uni. My pay and benefits are far beyond what I would get if they weren't based on the East Coast.
Sounds like some employers are going to start flipping that script. Once again, sucks for the young bucks coming up, while old heads continue to use the old tricks to prosper. They trying to choke the kids out of a decent living any way they can. And whats worse is this fukking Zuckerberg aint even old. He's doing this shyt to his own fukking generation.
The Zoomers or whatever got some annoying shyt about them; but when they speak on how fukked the economy is for them I don't pretend they lying. Because they aren't.
I would be like the Costco of WFM companies. As in, I would rebel, and pay everyone as if they living in Cali. Watch how loyal those employees would be to me, I would make the new standard of work and yes, I would make history as some exec that made a difference that benefitted the employees.
Thats how I would be. The CEO of Costco makes only 800k per year and managers of each store make like 100k per year.
R.E.N. Spells Ren
Veteran
But that’s the point: after that 6 months they no longer get to save that money! That’s the unfair part.
And, again, we’re in a pandemic so the decision to move isn’t necessarily just about money. It could also be about being closer to fam and moving out of a COVID high risk area. Slashing their comp in these times is foul as fukk