February 10, 2019

How Facebook is changing employee bonuses to focus on social progress

By Casey Newton

On Tuesday evening, Fortune’s Michal Lev-Ram reported that Facebook employees were about to be “judged on a whole new metric.” Going forward, she said, employees would be evaluated based partly on how well they helped Facebook respond to major social issues:

The change to the bonus structure was announced by Zuckerberg at an all-hands meeting at Facebook’s Menlo Park, Calif. headquarters Tuesday morning, one day after the company celebrated its 15th anniversary. According to the company, none of the new, individual factors are “assigned any specific weighting or dollar amount of the target bonus,” leaving the exact formula up to its compensation and governance committee. […]