Mark Zuckerberg planning to localize Facebook salaries as WFH increases
- Thread starter Rell Lauren
- Start date
Field Marshall Bradley
Veteran
So you mean to tell me, that as an employer, I should exclude potential employees in regions of the country where top tier talent is cultivated, simply because you feel everyone should be paid as if they are living in Jackson, Mississippi?
Yup
they issue these laptops with all kinds of company spyware on that shyt with remote access software that won’t say shyt when the machine phones home especially if you’re riding on the company VPN.
R.E.N. Spells Ren
Veteran
Can’t believe people are agreeing with these greedy ass corporations.
When they agreed to pay JaneDoe $150k it made fiscal sense based on the value that she brought in her position. If her WFH in West Bumblefukk doesn’t reduce the value she brings why justify reducing her salary? Especially since you’re likely saving money by not having her come into the office. I can see instituting this policy for new employees applying to WFH in West Bumblefukk since you’re hiring based on the job market, but for an existing employee it’s a major faux pas imo to reduce their compensation for any reasons other than poor employee performance (they no longer deserve the pay) or poor company performance (can no longer afford to pay)
When they agreed to pay JaneDoe $150k it made fiscal sense based on the value that she brought in her position. If her WFH in West Bumblefukk doesn’t reduce the value she brings why justify reducing her salary? Especially since you’re likely saving money by not having her come into the office. I can see instituting this policy for new employees applying to WFH in West Bumblefukk since you’re hiring based on the job market, but for an existing employee it’s a major faux pas imo to reduce their compensation for any reasons other than poor employee performance (they no longer deserve the pay) or poor company performance (can no longer afford to pay)
jetflyinglimousineriding
Superstar
It would basically be like what the Government utilizes for its employees with a base pay + a locality pay.
General Schedule
Lord_nikon
Veteran
hold yo own silicon valley nuts 
i'm sure FB on some 
i'm sure FB on some
Field Marshall Bradley
Veteran
Riddle me this... What is Jane Doe’s market value if she took a job in Arkansas?
You're correct. But implicit in that comp package is paying you a wage that will allow you live a respectable life in the local market of that firm. So that $150K is likely $110K based purely off the work and value brought to the org. The remaining $40K is a COL adjustment depending on where the job is located.
It'd definitely suck to see your wages decrease just because you moved out of SF even though your output is the same.
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.
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.
R.E.N. Spells Ren
Veteran
I literally addressed this in the post you quoted.
Field Marshall Bradley
Veteran
No it did not. I asked you what would Jane Doe’s market be locally in Arkansas. I didn’t say anything about being a new employee
People think some rando tech dork will outsmart Facebook?
Facebook doesn't hire rando tech dorks.
R.E.N. Spells Ren
Veteran
Unless it was EXPLICIT in the comp package, I can’t rock with corporations reducing salaries other than for the reasons I stated.
There are also implicit (even explicit) benefits that the employee got/expected out of taking that job at FB that they’re no longer going to realize by working from home (ranging from free meals to being an environment where they’ll cross paths with other leaders in tech both internal and external to the company)
Rell Lauren
Banned
Unless it was EXPLICIT in the comp package, I can’t rock with corporations reducing salaries other than for the reasons I stated.
There are also implicit (even explicit) benefits that the employee got/expected out of taking that job at FB that they’re no longer going to realize by working from home (ranging from free meals to being an environment where they’ll cross paths with other leaders in tech both internal and external to the company)
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.