Remote Work Pay Cuts, But No Home Office Reimbursement?
How come the company gets all the cake while workers get only crumbs?
Mark Zuckerberg has been talking up allowing as much as 50% of its employees to work from home permanently, and perhaps remotely. But, of course, the company wants its pound of flesh: cutting pay if you want to work from Missoula or Key West instead of San Francisco or New York.
The company will adjust salaries depending on where employees live — paying less to those who work remotely from cities where the cost of living is lower. Facebook already pays different salaries based on locations, but this means employees who are allowed to work remotely have until Jan. 1 to tell Facebook where they are living and might get a paycheck cut.
“That means if you live in a location where the cost of living is dramatically lower, or the cost of labor is lower, then salaries do tend to be somewhat lower in those places,” Zuckerberg said.
Still, lower salaries in smaller cities might not work for all positions, especially for executive-level jobs. Will Hunsinger, CEO of Silicon Valley executive recruiting company Riviera Partners, said companies like Facebook will need to keep executive pay high to compete with rivals. In addition, the company will likely save money on…
