Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Compensation & Benefits»Bonus of $1000 for all Facebook employees
    Compensation & Benefits

    Bonus of $1000 for all Facebook employees

    HRK News BureauBy HRK News BureauMarch 19, 20202 Mins Read2421 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Facebook has shown its commitment to the well-being of its employees by announcing $1000 bonus for each employee, to deal with contingencies during the coronavirus pandemic.

    The amount, which is their full bonus for their six-month review, can be used by the employees for childcare or even to set up a home office in these difficult times.

    The social media platform has never given all its employees their full normal bonuses since its inception 16 years ago.

    Some of the full-time employees in its 45,000 strong workforce, have taken over the work of the contractual workers, employed through third-party contractors, so that they are able to stay back at home. Plans are in the pipeline to pay these contractual workers for the time they stay home.

    The Company will also be offering $100 million in cash grants and credits for about 30,000 eligible small businesses across 30 countries.

    Facebook will be tying up with the Lenfest Institute for Journalism and the Local Media Association to offer one million dollars in grants for the US and Canadian newsrooms for adequate coverage of the coronavirus pandemic. These individual grants will be for up to $5,000.

    Staff members of Facebook had been advised to work from home from March 5 onwards, although it wasn’t made mandatory.

    Meanwhile, it is reported that Facebook and Google are discussing ways in which individuals’ personal data can be used to track and combat the coronavirus outbreak.

    1000 Bonus employees Facebook liquid cash pandemic
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    five − two =

    Related Posts

    Boss allegedly targets employee for using ‘open to work’ tag on LinkedIn

    July 11, 2025

    Centre rolls out digital service books for all government employees

    July 9, 2025

    Is Infosys now using ‘health reminders’ to discourage long work hours?

    July 9, 2025

    Coursera appoints Ashutosh Gupta as MD for India and Asia Pacific

    July 7, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    How a thumbs-up became a generational minefield

    July 11, 2025

    Why HR must unite hiring and development to survive

    July 10, 2025

    The 5-to-9 Trap: Is Gen Z’s quest for perfect evenings fuelling a new burnout?

    July 9, 2025

    How AI is creating a workforce of the mentally walking dead

    July 8, 2025
    Latest Post

    Telstra to cut 550 jobs in latest phase of overhaul

    News July 11, 2025

    Telstra, the Australian telecommunications provider, has announced plans to reduce its workforce by 550 employees…

    Internal criticism hits Meta’s AI division amid growing discontent

    News July 11, 2025

    Meta’s artificial intelligence ( AI) division is facing fresh internal criticism as concerns about its…

    NASA to lose over 2,000 senior employees amid budget restructuring

    Global HR News July 11, 2025

    In a significant shake-up at the US National Aeronautics and Space Administration (NASA), over 2,100…

    Boss allegedly targets employee for using ‘open to work’ tag on LinkedIn

    News July 11, 2025

    A workplace incident has sparked conversation on Reddit after an Indian employee claimed they were…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.