Facebook employees have the opportunity to work permanently from home, but can expect a cut in wages if they move to cheaper areas to continue their work.
Mark Zuckerberg, CEO of Facebook, announced via live stream that he expects approximately 50 percent of the company’s 50,000 employees to work remotely within the next five to ten years.
A blind survey found that 66 percent of employees in technology centers like Facebook, Twitter and Uber would move away from big cities if work from home became permanent.
Similarly, Spotify followed Twitter and Facebook’s example so that employees could work from home by the end of the year.
Certain employees are allowed to work full-time remotely and must notify Facebook of location changes by January 1
But employees who hoped to take their big Silicon Valley paychecks with them when they move to a cheaper region have encountered a limitation.
Mark Zuckerberg, CEO of Facebook (pictured), announced that employees can work permanently from home, but must cut wages based on their region’s cost of living
“That means if you live in a place where the cost of living is dramatic or labor costs are lower, the salaries in those places tend to be a little lower,” Zuckerberg said.
“We are adjusting the salary to your location at this point. There will be serious consequences for people who are not honest about it,” he added.
As of 2018, the average salary of employees of the giant technology company was more than $ 240,000 a year.
Zuckerberg has received a basic salary of just $ 1 in the past three years, but received $ 22 million in security compensation in 2018. Almost $ 3 million went in private jets, according to Reuters.
Menlo Park, the California city where Facebook is headquartered, has an average home price of $ 2.4 million.
Facebook is headquartered in Menlo Park, California, where the average home price is $ 2.4 million
The company’s New York office is located in Manhattan (pictured), where homes are sold at an average price of $ 945,000
Average income in the larger Bay Area is $ 928,000, almost $ 1.5 million lower, according to Zillow.
Facebook’s New York office is located in Manhattan with an average income of $ 82,459 and an average house price of $ 945,500.
The average price of currently listed homes in Manhattan is $ 1.5 million.
Zuckerberg said the move to remote work will help diversify Facebook’s employees and recruitment pool.
“If you limit the attitude to people who either live in a small number of big cities or are willing to move there, many people who live in different communities, with different backgrounds or with different perspectives will be excluded,” he said.
“The opportunity to recruit more broadly, particularly in the United States and Canada, will certainly open up a lot of new talent that would not have considered moving to a big city before.”
Zuckerberg (pictured) said there would be “serious consequences” for employees who lie about their home address to keep their Silicon Valley salary
If given the option, employees of large Silicon Valley companies and other major hubs would move away from the busy centers.
A Blind survey asked employees of more than 4,000 companies in Seattle, San Francisco and New York whether they would move from home after the COVID 19 crisis.
The New Yorkers were most likely to flee. 39 percent said they would go if they had a chance.
Results vary by company and region, and the majority of respondents (2,768) worked in the Bay Area.
Thirty-three percent of the Bay Area residents said they would stay, 27.49 percent said they would move out of the city, and 27 percent said they would move out of California.
Eleven percent said they would even leave the United States.
A third of New York workers also said they would stay in the city, 17 percent said they would leave the city, and 35 percent said they would leave the state.
Fifteen percent said they were going overseas.
In Seattle, 37 percent said they would stay in the city, 19 percent said they would go but stay in the state, and 26 percent said they would move out of the state. Sixteen percent said they would leave the country.
Fourteen percent of employees said they would never go back to the office and 44 percent said they only introduced themselves once or twice a week.
Only 15 percent said they had imagined going back in every day.
Of the 354 Seattle employees from Amazon who responded, 32 percent said they would stay, 24 percent would move out of the city, and 26 percent would leave the state.
Thirty-one percent of Google employees from the Bay Area said they would be moving out of the state.
Two-thirds of the Uber employees surveyed in the Bay Area said they were moving out of either the city or California.
A quarter of the Facebook employees interviewed in the Bay Area said they would be moving out of the state.
Music streaming giant Spotify is the latest technology company to announce that its employees will be able to work from home until at least the end of 2020, when countries begin to unlock corona viruses.
“Yesterday we announced the extension of our work-from-home agreement for all Spotify employees worldwide,” a company spokesman told DailyMail.com.
“We will continue to follow local government guidelines from city to city, and we will gradually open our offices as we see fit.
The health and safety of our employees is our top priority.
“No employee has to come to the office and can work from home until the end of the year.”
Spotify has confirmed that its 4,400 employees will be able to work from home by the end of this year
The Swedish company Spotify has 4,405 full-time employees. It is said to have offices in 79 countries and territories around the world.
Around half of the workforce – 2,121 employees – is employed in the United States.
The company has 1,437 full-time employees in Sweden.
On Thursday, Zuckerberg’s Facebook livestream feed was turned off while he spoke to employees about his prediction that by 2030, more than half of the company will work permanently from home.
He was almost finished discussing the future of the company’s 50,000 employees during a live stream on Thursday when it suddenly failed and an error screen appeared.
Zuckerberg has managed to end most of his discussion, which started by saying: “I think it is clear that COVID has changed a lot in our lives. That certainly includes the way most of us work. ‘
“We have already told people that they can work from home by 2020,” he said, adding that 95 percent or more of the company’s employees are currently working from home.
“We will be the most future-oriented remote work company of our size, with a thoughtful and responsible plan on how to do it,” said Zuckerberg.
“But we will measure this over time.”
Mark Zuckerberg’s Facebook livestream feed was turned off (error screen, right) while he spoke to employees about his prediction that by 2030, more than half of the company will work permanently from home
The billionaire then made his prediction for the future. “I think it is quite possible that around 50 percent of our employees will work remotely in the next five to ten years.
“This is not a goal,” said Zuckerberg, before referring to the poll results from Facebook employees who found that there was a great demand to continue working from home.
With permanent remote work, Facebook has defined criteria for the authorization of a person.
First, an employee must be experienced. Second, Zuckerberg said that employees “must have had very strong recent performance that met two expectations or exceeded ratings”.
Zuckerberg said the employees should “be part of a team that supports remote work”.
After all, “you need to get your group leader’s approval first,” added Zuckerberg.
Zuckerberg’s announcement comes when companies (file picture, employees working from home) adapt to the effects of COVID-19, which will also change the future of the office space after the pandemic retreat
Zuckerberg’s announcement follows as companies prepare for the impact of COVID-19, which is likely to change the future of office space after the pandemic retreat.
Shopify recently made a similar announcement.
Tobi Lutke, the CEO of Canadian e-commerce company Shopify, announced the end of “office centering” on Thursday and decided to keep the company’s offices closed until 2021 so that most employees could work remotely afterwards.
Shopify, based in Ottawa, which briefly became Canada’s most valuable company earlier this month, employed more than 5,000 people and contractors worldwide in December.
“As of today, Shopify is digital by default,” Lutke, who is also the founder of Shopify, said in a tweet. “We will keep our offices closed until 2021 so we can revise them for this new reality. The office centering is over. ‘
Square Inc and Twitter recently enabled employees to continue working from home permanently.