Facebook CEO Mark Zuckerberg predicts that 50% of the firm’s workers could be operating remotely within the next five to 10 years.
“We’re going to be the most forward-leaning company on remote work at our scale,” Zuckerberg said.
The organization will enable specific employees to work remotely full time. These employees will have to inform the company if they move to a different location by Jan. 1, 2021. As a result, those employees could have their benefits modified based on their new locations.
“We’ll adjust salary to your location at that point,” said Zuckerberg, indicating that this is necessary for taxes and accounting. “There’ll be severe ramifications for people who are not honest about this.”
Zuckerberg stated that Facebook is going to “aggressively” increase it’s hiring of remote workers, and the company is going to take a “calculated approach” to open up permanent remote work sites for existing workers.
This choice should support the company to increase its employee retention, and it will permit Facebook to choose from talent pools that earlier wouldn’t contemplate moving to big cities to work for the company. Moreover it will also allow Facebook to promote diversity among its workforce and spread economic opportunity across more places.
“When you limit hiring to people who either live in a small number of big cities or are willing to move there, that cuts out a lot of people who live in different communities, different backgrounds or may have different perspectives,”
CEO – Facebook
Facebook will allow existing workers to request permanent remote work if they meet specific criteria. This comprises experienced employees, strong performers, workers on teams that support remote work and workers who get approval from their group leaders. This will not involve workers who are fresh graduates.
Facebook is the latest corporation to publish a decision to continue supporting remote work. This mirrors comparable choices by companies like Twitter, Square and Shopify.