Mark Zuckerberg planning to localize Facebook salaries as WFH increases

[R.E.N. Spells Ren]

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.

You mean they didn’t reduce your pay when you moved your remote office to a more affordable region? What a novel display of fairness.

 

[HarlemHottie]

Commercial real estate is going to implode.

Low key, commercial real estate was fukked before the Corona. See: wework as a temporary placeholder.

In reality those that have it like that will still be able to command the salary they want. That’s never changed. If you’re a top tier engineer you can tell FB you want $400k and you ain’t moving from Nesbraska. Guess what? They’ll comply.

And you're okay with this? This is why we need unions. An individual vs fb will always lose.

 

[jetflyinglimousineriding]

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.

This is what FB is going to enact for certain employees. Since FB already pays different salaries for the different areas it has offices around the world, they're going to give current employees an option of how they want to work and make accommodations if employees decide to change it.

 

[R.E.N. Spells Ren]

This is what FB is going to enact. Since FB already pays different salaries for the different areas it has offices around the world, they're going to give current employees an option of how they want to work and make accommodations if employees decide to change it.

Where did you read this? The article in the OP suggests that this location based adjustment is coming whether offices are open or not.

 

[EA]

The problem with implementing this is that if roles are 100% WFH going forward, what is the advertised salary on job posts now? Corporations will still have to decide on a baseline salary for each role because COL adjustments can’t be made until you’ve got candidates. The base salary will also determine the calibre of people that apply for roles.

This also opens up the door for more salary discrimination. A company could have two candidates, one based in a big city and one based in the sticks. Unless the big city candidate is significantly better, companies are always going to opt for the candidate in the sticks because they’ll be cheaper.

 

[TELL ME YA CHEESIN FAM?]

I always wondered about this. 80K will have you living the country club golf membership suburban life in the sticks. But in New York city you'd be in a two bedroom apt living paycheck to paycheck. If i could finesse something like that, I'd already have a mansion on my current salary somewhere in the south.

80k a year is a lot money in New York
You smart dumb nikkas try too hard

 

[dj-method-x]

They won’t be taking that much of a haircut. I work for a popular Bay Area tech company but live in Atlanta. My compensation is less than my Bay Area counterparts but I still make 205,000 a year which is around 60k more than what I would normally make and is GREAT for Atlanta.

Facebookers still will be balling.

 

[charknicks]

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.

1. Respect. They SHOULD realize the savings because its their company at the end of the day. If that same job is 60k in Denver as it is 105k in LA, thats the cost of doing business in that area. Im not saying its the nicest thing, but again, I ask for your company, are YOU paying the same for a DC worker then for a Minneapolis worker for doing the same job?
2.No one said you didnt understand it, bro. If you solo decided to move to a higher COL city, thats on the employee. Different market, different pay range/structure.
3. In this example, the employee is still in the same SF MARKET, so that is the market rate they are getting paid. I get your point though overall, working at home is working at home.
The thing is, at the end of the day, the burden of paying everything left and right is not gonna be on the company all the time. Otherwise, every cashier would get paid the same across the country, every IT person, every, any job. Also, off your assumption, if you with 15 years experience and me with 1 year experience do the same job, and both come into FB at the same time, we should get the same pay. We do the same job as you said. No difference in experience, or market. The job is the job.

 

[charknicks]

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.

Thats whats up. We all want CEOs of companies to think like that. And I am not doubting that you would do that cause I dont know you. The thing is: 1. 95% of companies CEOs dont think like that at all because 2. that money hit different when you start to see that money come in fast and furious off of a business that you started from the bottom off of your own hard work and sweat equity.

Most people dont even want to come off of $60 for a boxing PPV or $10 for HBO to watch a show, so I dont see people coming off of hundreds, thousands, and millions of dollars. As the Coli motto states- 'the employee wasnt shooting with me in the gym'.

You cant leave the spouse who has the money/business and talk that 'accustom to this lifestyle'. You want that money, that spouse is still in San Francisco. The settlement money/rate is wherever you decide to move.

 

[Black Bolt]

Home office manufacturers are going to flourish

They been sold out, trying to find half decent home office gear is nigh high impossible. Especially as no imports are coming in globally

 

[R.E.N. Spells Ren]

2.No one said you didnt understand it, bro. If you solo decided to move to a higher COL city, thats on the employee. Different market, different pay range/structure.

Agreed, so then why do you find the reverse acceptable? If I take a WFH job in NYC for $105k and then two years later my wife gets a job in Louisville so we move the family to KY, I absolutely would NOT expect my job to adjust my salary. And these FB employees "solo decided to move" to a lower COL city, so why is that any of FB's concern?

People keep conflating COL adjustments made for job changes (where that new job, even if the same position, is based in a different COL region) or new hires from different COL regions with a remote job where the employee just happens to move to a different COL region. They're not the same scenario.

If that same job is 60k in Denver as it is 105k in LA, thats the cost of doing business in that area. Im not saying its the nicest thing, but again, I ask for your company, are YOU paying the same for a DC worker then for a Minneapolis worker for doing the same job?

I'll address this so you don't think I'm avoiding it, but it's not relevant. The answer would depend on if I'm requiring that worker to be in LA (gonna use the LA/Denver scenario since you put numbers to those cities). If it's a WFH position, and I liked the LA applicant, I'd offer him the job, but I'm not paying him 45k more simply cuz he lives in LA. I'd just find another applicant who'd accept an offer in the range I was willing to pay. The "cost of doing business" in LA only comes into play if I have the need to do business in LA. With a WFH position I don't need to work in LA, so I'm not paying that premium just because an applicant happens to live there.

Also, off your assumption, if you with 15 years experience and me with 1 year experience do the same job, and both come into FB at the same time, we should get the same pay. We do the same job as you said. No difference in experience, or market. The job is the job

Not a big deal, but just clarifying that I never said this and don't believe this.

 

[Genos]

So many corporate boot lickers on this site

you stay saying stupid ass shyt, moron

You nikkas never attack my points but I'm just stating facts stupid.

 

[The M.I.C.]

Low key, commercial real estate was fukked before the Corona. See: wework as a temporary placeholder.


And you're okay with this? This is why we need unions. An individual vs fb will always lose.

WeWork is a small piece of the pie in regards to CRE but you’re right. You have companies for example in NYC talking about giving up ridiculous amounts of floor space in Manhattan..shyt is about to get wicked. If you don’t have workers traversing from home to these offices..you got losses potentially for the MTA (Subways & Buses), eateries that service customers along the routes and work areas, loss of tax revenues for NYC proper and the State, etc, etc..I think people underestimate the impact their movements to work have on the economy, you cut that out and a whole bunch of nikkas about to be looking mad max out here soon.

 

[Dwight Howard]

they just gonna lie about their residence. give the address of a relative or friend in a pricey neighborhood. people been doing this shyt for years just to get their kids in a certain school district, they'll definitely do it to get an extra 10k-40k in pay.

And that would land them in prison

 

[Amestafuu (Emeritus)]

I would just find the absolute dirt cheapest place in the area and use that as my address or use a friend or family members address, while I eat in Texas

you work remotely you have a digital footprint. I doubt a tech company will overlook the fact that you login in from texas regularly.