Last Thursday, Mark Zuckerberg told Facebook’s 48,000 employees that he anticipates upwards of 50% of the business will be working from another location within 10 years. After describing a number of the advantages that remote work confers– including to “possibly spread more economic chance around the nation and possibly worldwide”– he included that those who pick to transfer to other locations in the U.S. or in other places will be paid based on where they live.
“We’ll localize everyone’s comp on January 1,” Zuckerberg said. “They can do whatever they desire through the rest of the year, however by the end of the year they must either come back to the Bay Location or they require to tell us where they are.”
Despite Facebook’s uncharacteristic transparency about its thinking, not everyone believes the method makes good sense.
One longtime Bay Area employer who usually concentrates on executive searches calls “disparate spend for the same work” a “hazardous location to be.” Describes the employer, Jon Holman, “Even if you conjure up the geographical disparity math based practically totally on housing expenses, what if a new openness to telecommuting suggests that more ladies or people of color can desire some of these tasks? Are you going to pay them less than the asian-american and mostly white engineers in the Bay Location? I doubt it.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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