Facebook Announces Permanent Work from Home Option for Employees

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According to him, about half of Facebook employees would work from home five to 10 years from now.

Zuckerberg told staff on Thursday that they would need to move back to their homes by January 1, or tell the company where they are choosing to live instead so Facebook can adjust salaries, which he said was necessary for tax and accounting purposes, reports NBC News. But there's a lot of "ifs", "ands" and "buts" attached - although not butts in the seats. Facebook will reportedly allow existing employees to request permanent remote work if they meet a specific criteria. There will be "severe ramifications" for those discovered to be falsifying addresses.

That means their salaries will be adjusted to their location at the time.

He said that "Most of us are working remotely at this point, so it doesn't make sense for us to bring people into offices that a lot of them aren't going to be able to go into anyway."
He added the system will work on the "honor code", but will "put in some basic precautions" to make sure that the honor system is being honest.

As of 2018, the median employee compensation at Facebook was more than $240,000 a year.

The salary adjustments would apply to potentially remote workers who are looking at living in areas with cheaper housing costs in comparison to Silicon Valley, which has one of the most expensive cost-of-living areas in the US. "The concept for these hubs is that we would like to create scale".

Twitter went even further, announcing last week that it will allow some employees to work from home on a permanent basis, a plan CEO Jack Dorsey hatched before the coronavirus.

But for employees, there is a potential downside to the remote work. This would give the company a chance to put its own products to the test and "eat our own dog food", he added. Zuckerberg believes a change like this could impact some of what he calls "the softer stuff", like social connections, group brainstorming and creativity.

Zuckerberg also mentioned that he wanted to protect Facebook workplace culture shaped on Silicon Valley campuses, known for playful, creative atmospheres, gourmet meals, and other fun perks. "We're kind of just gliding forward", he said.

Facebook is going remote and, if Mark Zuckerberg has his way, so are you. It's a potentially huge change after years when companies like Amazon and Google chased after the scarce tech talent by opening or expanding offices in modern urban locations like San Francisco and NY.

"Over the next 5-10 years, I think we could have 50% of our people working remotely, but we're going to get there in a measured way".

The effect on costs is unclear, Zuckerberg said, as savings will be partially offset by additional costs related to travel and technologies associated with setting up home offices.

Shopify CEO Tobias Lütke announced that the days of "office centricity" are now over, while Spotify told employees that they can work from home until 2021. "I just don't think there's going to be a single day where it's like, 'OK, Covid is done'".



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