Facebook plans to possibly shift to 50% remote workforce in 5 years, will re evaluate pay based on location of workers who move in 2021
- Thread starter RastaMentality
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I wonder how much they would cut someone's salary based on their location.
The tax excuse seems like bullshit.
The tax excuse seems like bullshit.
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Not a fan of facebook but this is a pretty big seismic shift for the tech industry after Twitter's announcement last week.
"More diversity in hiring"
"pay at top end of market rate based on location "
lol US workers are fucked.
"pay at top end of market rate based on location "
lol US workers are fucked.
So a lot of people are gonna get pay cuts because they move to somewhere with a lower living cost? Isn't that a bit of a dick move?
Yup this is what I was hoping wouldn't happen.
Of course they want to pay someone living in remote Indiana $50k vs. $200k if they were living in SF.
Of course they want to pay someone living in remote Indiana $50k vs. $200k if they were living in SF.
At least the commute in the Bay Area will significantly decrease? I mean when one of these big titans does one thing, usually, the other tech companies in the area follow suite...
It's normal actually in big tech companies. They pay more in more expensive areas cause CoL is higher.
but it's nowhere near as extreme as what people are assuming.
it's basically 160k vs 190k type situations.
That's basically how my employer does it. Remote employees are usually better compensated than office based employees and salary within that is adjusted for cost of living. Employer is based in Ohio.
So for the same job, someone in DC is paid more than someone in Dallas. But DC is a shitton more expensive to live in than the DFW area.
And the gulf isn't that big. Within a few thousand dollars.
So for the same job, someone in DC is paid more than someone in Dallas. But DC is a shitton more expensive to live in than the DFW area.
And the gulf isn't that big. Within a few thousand dollars.
I mean, it's VERY understandable if you get stuck in traffic for like, 2 hrs both ways each day.
This though...
yeah this is why ill never move to most places companies love to adjust pay if you move somewhere than has a lower perceived cost of living lol.
So if you move to a cheaper place, you're going to take a huge pay cut?
That's certainly one way to retain talent, I guess
That's certainly one way to retain talent, I guess
no. They put you in a pay band and that's adjusted based on CoL.
these pay bands are also extraordinarily high universally.
They won't be the only ones. We've been working from home too and I doubt I will return to the office anytime soon because I've demonstrated that I can get my stuff done without being present in the office. I don't know about FB adjusting salary according to the place one lives for tax reasons, but more work from home seems like a net benefit, especially in terms of environment.
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I mean FB always paid some of the highest salaries. I doubt that will change that much with how their brand power has weakened (scandals!) over the past couple of years.
ew
People in the South get paid garbage. This needs to stop
these people would be getting paid around 160-180k in every major city in the south.
It could work well for some people if the decrease in pay pales to the decrease in cost of living.
Companies will save a ton on real estate costs and now every WFH position can be filled by anyone in the world, which will screw people over the most.
Only only hiring people "in the cheapest parts of the country".
Are you guys serious? Pay is always adjusted for CoL for national companies. Iirc for Google you could take like a 30% pay cut moving from San Francisco to Pittsburgh.
It makes sense. A 2mil house in SF is like 500k in Pittsburgh.
As has been the case with the rise of social communications taking a more impersonal anonymous route making everything just generally worse in society, so too will be the case for workers upward movement and status in the workplace if work from home takes hold. Now the boss really won't give a shit about you.
This is a dramatic take that won't happen. What FB is proposing is something that won't affect every single worker, only those who relocate which you wouldn't be able to do if you need to go to an office. It is a dumb proposal that should be taken to court, but it hardly has anything to do with WFH and the mental / environmental benefits it produces.
How substantial? You mean higher electricity usage?
Do people not realize pay has always been based on your location?
If the bump in utility costs for you is more than the savings on your commute (train pass, gas, etc), you're doing something strange...
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Allowing full remote work drastically widens the pool of employees. How're US workers going to compete with people across the world? It's gonna be an interesting dynamic
I mean it makes perfect sense. To hire someone now from Indiana, they'd have to adjust their pay up to SF cost of living situations. I have some experience with job offers of this type if anyone is interested.
I'm thinking on a more local level though. Some people already commute out farther from outside of the Bay Area because that's the only place where cheap places can still be found. So what about people that live somewhere local-ish, and decide to WFH because the commute is awful? Do they also get pay cuts?
yeah. i don't get the stupid complaints here. in what fucking world does it make any sense to continue to pay someone $200k a year when they move from a place where a 1bd costs $3000+ a month, to a place where the average might be $1500. These people have the salaries they have, largely because it is tech in the bay area. If I as an employee stay in SF because i love the city, culture, etc., my peer shouldn't make the same as me if they up and move to Boise.
when i chose to relocate from Los Angeles to Denver, sure, Denver is still pretty expensive, but my expected salary had to be adjusted to account for going from an expensive city to a less expensive city. How do people not get this?
when i chose to relocate from Los Angeles to Denver, sure, Denver is still pretty expensive, but my expected salary had to be adjusted to account for going from an expensive city to a less expensive city. How do people not get this?
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I think people are being overly dramatic. Facebook isn't going to drastically halve pay for people moving to the South. It'll likely be a ~20k difference at most. They pay a fuck ton of money already!
Facebook sucks but they've never been that shitty at pay for these type of roles.
I don't know if they will be taking a pay cut in general but all of Bay Area is considered as one pay group even for companies with offices in SF and South Bay.
How do people not get that they'll shift to hiring people in Alabama that they can pay $40K a year? Don't be stupid.
I've seen it greater than that. But usually they don't give you a massive pay cut (because at least before if they allow you to move they value your contribution enough to jump through hoops for you), they just exclude you from raises until you reach some kind of equilibrium.
This is just the start. Teleworking is going to justify lower wages due to no commute and the higher productivity in fewer hours of the day. Since there's less socializing at the office, you are much more productive because you get a days worth of work done in half the time.
Employment laws would still apply but there is little stopping big tech from doing this now.
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Lol there's 0 chance FB does this.
This isn't Deloitte or some old big company that tries its hardest to pay employees less. It's FB. They have massive employee pay packages and benefits.
I'm already paying for heat and electricity and internet, working from home has been a net savings for me
Partly basing pay on geographic cost of living is very standard and not a big deal. In fact it makes a lot of sense.
Are you presuming that's what Facebook will pay? Or are you saying that the average mid-sr dev would Otherwise be making 160k in Raleigh? Charlotte? Atlanta?
I work for a very large company in Atlanta and PMs are making right above $100k.
I don't think anybody except at the Principal/Staff/Architect/Sr manager level is making a base salary of 180k in the south. And that's probably extreme enough as it is.