Sunday, January 5, 2020

Is the Facebook Complex Bad for Business

Is the Facebook Complex Bad for Business Have you heard about Facebooks new plans? Apparently, the no.1 social networking company has plans to build a community development just a bike ride1.5 milesfrom its Menlo Park, Calif. headquarters. The new project is supposed to be a $120 million, 630,000 square-foot complex with 394 housing units. The complex will have studio and three-bedroom apartments, with some units set aside for non-Facebook employees and around 53 units for low-income residents.The luxurious, resort-style amenities for Anton Menlo, the future community, includeSports barDoggy day careConvenience storePrivate pool with cabanasClubhouse with outdoor kitchen facilitiesRooftop entertainment deckYoga studioBike repair shopDry cleaner and conciergeA TIME article writesRenderings of the new addition to the Facebook playground depict a sleek, contemporary complex akin to a modish Miami hot el. And like an exclusive hotel, the complex will be highly sought-after, as its only able to accommodate about 10 percent of Facebooks workforce.When I first read about this I immediately thought, What a smart move by Facebook. Think about it Facebook is such a highly-sought after company. An NBC article even reported that an internship at Facebook is the fruchtwein sought after job in Silicon Valley. It saidInternships at the social network are the most sought-after gig in Silicon Valley, ahead of senior iOS software engineers, VPs of engineering, data scientists, and senior Ruby on Rails engineers, respectively. The company is attractive and adding a perk like a nearby housing community only makes it that much more appealing.Facebook employees already enjoy the incredible perks and luxuries the company regularly and freely offers. Now its giving workers the opportunity to shorten their commute times as well?All I can say is branding, branding, branding.Facebook is young, innovati ve and expanding, and with the addition of this new complex, its sending a glaubenszeugnis to the world that these qualities are precisely what make it one of the most sought after places to work.But, as the saying goes, everything that glitters isnt gold. And as I continued to think about how smart and strategic of a move this was for Facebook, I also wondered if it may produce unwanted negative effects.Could the Facebook complex be bad for business?Most workers desire a sense of work-life balance, but could the new complex harm that for Facebook employees? The community is going to be built 1.5 miles away from Facebooks headquarters. This could cause employees to work longer hours as they figure, Well, home is only a bike ride away.Sure, this could benefit the company, but it could also negatively affect (or eliminate) a workers home life and keep him/her from family, friends and other activities.And because Facebook is sort of building an exclusive community, it may hinder the wo rkers who live there from developing relationships outside of work and/or the work community.Americans are already deemed workaholics and a housing development created by an employer near the employer could, in a sense, make employees feel like theyre always on the clock. It may put a level of 24-hour professionalism on workers. For example, most workers wouldnt want an employer to know his/her personal information, such as if the worker ever pays rent late, or has credit card debt, etc. But, if a worker is living in a housing complex created by its employer, he or she may be concerned about the employer knowing this personal information as it relates to him/her as a tenant.Just the same, workers wouldnt want to let loose and have a few drinks on company grounds. Theres a certain level of professionalism at the office, and thats why happy hour is outside of the job. A company housing complex filled with other coworkers could make workers feel like home has turned into the office. Th is is especially true if a workers manager or supervisor lived next doorWhat do you think, Recruiter.com readers? Is Facebooks future complex bad for business?