Zuckerberg says Facebook staff can work from anywhere — for a price - New York Post

If you want to work for Facebook from your house in Peoria, Ill., don’t expect a Palo Alto, Calif.-sized paycheck.

Chief Executive Mark Zuckerberg on Thursday said half of the social-networking giant’s employees could be working remotely within the next five to 10 years, and that Facebook will begin allowing certain employees to work from home on a full-time basis.

But those remote workers will have to alert Facebook if they move to a new location by Jan.

“We’ll adjust salary to your location at that point,” said Zuckerberg, adding that the tweak would be necessary for taxes and accounting.

The shift could help remake the US job market in tech, as Facebook currently has more than 40,000 employees.

Zuckerberg said there will be a wide range of jobs eligible to work remotely, beginning with newly-hired senior engineers and then expanding to current employees with strong performance reviews.

Zuckerberg told employees on a Thursday live stream.

Facebook’s new remote work system is “mostly going to rely on honor code,” Zuckerberg said, but the company will “put in some basic precautions” to make sure that employees are where they say they are.

Nevertheless, employees who left the Bay Area when Facebook implemented work-from-home orders in March may be able to eventually stay where they are, he said.

Zuckerberg’s surprise announcement — which followed Twitter’s announcement earlier this month that employees would eventually be allowed to work from home indefinitely — will eventually be a “win win” for workers and employers alike, according to one expert.

“I think the best people, you’re going to have to pay them regardless of where they live or you’re going to lose them to a competitor,” he said.

Shares of Facebook closed up 0.6 percent Thursday, at $231.39.