Reply to Facebook announces that remote WFH employees will have salaries decreased to match local COL

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
I see no problem with this policy applying to new employees, that said, so long as they go in knowing what the policy is.[/quote]
No.. they have till Jan 2021 to decide whether they want to wfh permanently or not.  Announcing the col adjustment now means they have the knowledge in hand before they make the decision.  You are misinformed.

Yes, when things take a down turn, employers benefit.  For decades in SV, it's been an employee's market, rather than an employer's market.  No different to how real estate prices work, or any thing else. It's called supply and demand.[/quote]
What I don't understand is, won't a ton of FB employees WFH while staying in the Bay Area where they likely have spouses with jobs and kids in schools? Seems like this is to address a small number of people who will move to lower COL areas.[/quote]

There were a lot of people who left California or the coasts entirely to shelter elsewhere just like New Yorkers left Manhattan.

Other people were thinking about never coming back or not doing so for half a year or more. With schools closed, there was nothing forcing them too.

I'm seeing a lot of new SFH listings in San Francisco and in the Bay Area as well.

Facebook decided to get out ahead of the bullrush. People can still leave -- [b]they just won't be taking those lucrative paychecks with them.[/b]
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They will still come out ahead even with the locality adjustment. Unlike what our comp expert above is trying to claim, FB isn’t going go pay their engineers 80k.[/quote]
[b]OK, then why are some people so outraged over this?  [/b]FB is giving them to Jan.2021 to make this decision. They have a half a year to decide, and that is pretty generous.[/quote]
Well anytime you adjust someone’s comp down the person isn’t going to say, thank you sir may I have some more? If you shift someone from 350k to 280k, that’s still a significant loss. Do you really need that spelled out?

And those on this thread are pretty obviously uneducated as to how these programs really get implemented. Re-read the person who keeps posting about hiring a comp consultant. This board is also overwhelming used by Feds or lawyers. Neither have been through something like this.[/quote]

But they could stay at $350K. They would just have to keep with their original deal and come to work. If they want to wfh, they can (already a big win). If they want to move and wfh, there will be a col adjustment.  [b]What is the issue[/b]?[/quote]
Read the actual thread. You’ll see many people arguing employees should make the same wage regardless of where they live. [b]The whole point of this thread is that FB is adjusting salaries for employees that want to work remotely as of 1/2021. People do not believe COL should apply to their salaries and that is why there is outcry.[/b] If you don’t understand that, then read the thread again. It’s very clear what the issue is. [/quote]

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